Rathi Graphic Technologies Ltd

Rathi Graphic Technologies Ltd - Closure of Trading Window

Overview & CIRP revival

• New management took charge on 7 February 2025 after CIRP.
• FY2025-26 had no operations; revenue was nil.
• Capital reduction of 99%; promoter stake 58.66%, public 41.34%.
• 11,94,790 new equity shares issued to promoters; 306 fractional shares outstanding.
• Outstanding shares after restructuring: 13,59,180.
• AGM held on 31 Dec 2025; new Articles adopted.
• AGM for FY2026 scheduled 30 Sept 2026 via VC/OAVM.
• BSE listing suspended; listing of new shares under review.
• ISIN INE886C01010; demat via NSDL/CDSL; MAS Services as RTA.

Financial performance FY2025-26

• Revenue from operations FY26: 0.00; total income FY26: 0.00.
• Profit Before Tax FY26: -106.82; Profit After Tax FY26: -106.82.
• Total Comprehensive Income FY26: -115.84.
• Dividend for year ended 31 March 2026: Nil.
• Auditors' report: unmodified opinion.

Capital structure & equity changes

• Authorised share capital remains Rs 30,000,000.
• Capital reduced/reorganised; paid-up capital from Rs 16.439 cr to Rs 1.359 cr.
• Promoters hold 58.66%; public 41.34% after restructuring.
• 11,94,790 new shares allotted to promoters; 306 fractional shares.
• Outstanding shares as on date: 13,59,180.
• No ESOP or sweat equity issued.

Corporate governance

• Board comprised four directors as of 31 Mar 2026: Daga, Jha, Gandhi, Thirani.
• Jyoti Jha reappointed; Gandhi and Thirani became Independent Directors.
• Audit, Nomination & Remuneration, and Stakeholders' Committees constituted.
• Board met eight times; attendance 100%.

Listing, dematerialisation & investor services

• Trading suspended on BSE; listing of new shares awaiting approval.
• Dematerialised holding: 99.12%; physical 0.88%.
• Registrar MAS Services; NSDL e-voting; AGM via VC/OAVM.

Related party transactions

• Related party unsecured loans: Surbhika Steels Rs 27.6m; Daga Infra Rs 55.1m.
• Note 25 discloses related party transactions; no material conflicts.
• Ongoing monitoring of related party risk.

Outlook & risks

• Outlook: revival depends on capital availability and regulatory clearances.
• Opportunities: toner revival, color toners, exports under Make in India.
• Risks: liquidity, regulatory compliance, competition, raw-material costs.

Internal Auditor – FY 2025-26

• Re-appointment of Nitin Brij & Co. as Internal Auditor for FY 2025-26.
• Date: 7 Sept 2026; Term: FY 2025-26; Profile: FRN 009771C; firm has extensive statutory/internal audit experience.

Internal Auditor – FY 2026-27

• Re-appointment of Nitin Brij & Co. as Internal Auditor for FY 2026-27.
• Date: 7 Sept 2026; Term: FY 2026-27; Reason: Board approved; Profile: FRN 009771C; firm has extensive audit experience.

Unaudited standalone results approved

• Board approved unaudited standalone results for quarter ended 30 June 2026.
• Limited review report from statutory auditors accompanies the results.

Promoter restructuring and capital changes

• New promoters Surbhika Steels Private Limited and Daga Infrastructure Private Limited appointed.
• Appointment effective 7 February 2025.
• 99% of pre-existing issued capital cancelled; 1,194,790 equity shares allotted.

Background: CIRP and governance

• Company undergoing CIRP; resolution plan reshaped board in Feb 2025.
• New promoters appointed per CIRP; operations yet to be revived.

Auditor reporting

• Auditors issued unmodified limited review opinion on results.

Meeting Details

• Issuer: Rathi Graphic Technologies Ltd; Scrip code 524610; Category: Board Meeting.

Key Agenda Items

• No agenda items disclosed in this chunk.

Other Notes

• Digital signature present; Page 0001.

Processing status and post-update actions

• Securities for dematerialisation were confirmed to the depository within 15 days.
• Physical certificates were mutilated and cancelled after verification; depository name substituted as registered owner.
• Records updated with the depository and all stock exchanges where listed within 15 days.
• Register of Members updated accordingly.
• No exceptions or delays reported.