RattanIndia Power Ltd

RattanIndia Power Limited: Trading Window closed from October 01, 2026 and shall open, 48 hours after the declaration of the Un-audited Financial Results of the Company for the quarter and half year ending on September 30, 2026.

Auditor appointment

• Members approved appointment of TR Chadha & Co. LLP as Statutory Auditors for five-year term from 19th AGM.

AGM Details

• Date and mode: 24-09-2026, VC/OAVM.
• Time: 03:00 PM.
• Voting eligibility cut-off: 17-09-2026.
• Remote e-voting window: 21-09-2026 to 23-09-2026.

Key Resolutions

• Ordinary: Adoption of standalone and consolidated financial statements and reports.
• Ordinary: Re-appointment of Rajiv Rattan as Director by rotation.
• Ordinary: Appointment of TR Chadha & Co. LLP as Statutory Auditors.
• Special: Remuneration payable to Ajay Kumar Tandon, Independent Director.
• Ordinary: Ratification of Cost Auditor’s remuneration.
• Ordinary: Appointment of Dhruv Rattan Nashier as Vice President to hold profit.

Voting Results

• Resolution 1: Adopt financial statements; Passed with requisite majority.
• Resolution 2: Re-appoint Rajiv Rattan; Passed with requisite majority.
• Resolution 3: Appoint TR Chadha & Co. LLP; Passed with requisite majority.
• Resolution 4: Remuneration to Ajay Kumar Tandon; Passed with requisite majority.
• Resolution 5: Ratify Cost Auditor’s remuneration; Passed with requisite majority.
• Resolution 6: Appoint Dhruv Rattan Nashier as VP; Passed with requisite majority.

Dividend

• No dividend proposed or declared.

Auditors

• Statutory auditor appointed for the period from the 19th AGM to the 24th AGM.

Director Changes

• Rajiv Rattan re-appointed as Director by rotation.
• Dhruv Rattan Nashier appointed as Vice President (office of profit).

AGM Details

• AGM held on 24 Sep 2026 at 3:00 PM IST via VC/OAVM; venue: registered office.
• Remote e-voting window ran 10:00 AM 21 Sep 2026 to 5:00 PM 23 Sep 2026.
• Record date: 17 Sep 2026; shareholders on record: 1,943,464.
• Auditor's report dated May 7, 2026; no qualification.
• Secretarial audit report unqualified.
• Resolutions transacted as per AGM Notice; voting results to be submitted separately.
• Quorum confirmed; meeting started 3:00 PM and concluded 3:39 PM.
• Chairman and key directors attended via VC; CFO attended.
• Voting facility during AGM provided; 15-minute window post Q&A for votes.
• Live webcast available on KFin Technologies platform.

Financial performance

• Revenue from operations: 2,991.36 crore (consolidated).
• Total income: 3,346 crore (consolidated).
• Net profit after tax: 52.44 crore (consolidated).
• Basic EPS: 0.10; ROE: 0.97%.

Operational performance

• Amravati Plant PLF 82.10%; PAF 87.88%.
• IEX surplus revenue 16.38 crore; 22.19 MU sold on IEX.
• Coal supply via SECL: 1,469 rakes; energy security maintained.
• Installed capacity 1,350 MW; long-term PPA with MSEDCL.

Capital structure & liquidity

• Total borrowings: 3,715.59 crore; net debt: 3,640.32 crore.
• Debt/Equity: 0.75x; undrawn facilities: 232.00 crore.
• Cash and cash equivalents: 10.18 crore; Kotak facility available.
• Dividend not declared for FY2025-26.

Governance & controls

• Board meetings: five; Audit Committee: four.
• Statutory auditors appointed: T R Chadha & Co LLP for 2026-31.
• Secretarial audit: no qualifications; D&O insurance in place.

Regulatory & litigation

• Change in Law: MERC/APTEL; 876.84 crore received to date.
• RPS/IBC matters: appeals filed; expectations of favorable outcomes.
• Ongoing arbitrations with BHEL, L&T; no material adverse impact anticipated.

CSR & ESG

• CSR spend: 0.03 crore; policy aligned with Schedule VII.
• BRSR disclosed; energy/water conservation; safety and POSH initiatives.

Outlook & risks

• Sector: ~58 GW new capacity added in FY2025-26; base-load with renewables.
• Fuel security and private participation reforms shape long-term demand.
• Focus on higher PLF and Change in Law recoveries to improve economics.

NDU release details

• NDU on 209,75,98,310 promoter shares (88.65%) released.
• Shares secured a Rs. 550 crore working capital facility with the Lender.
• Promoter holding 236,61,03,603 shares (44.06%) now free from encumbrances.

Consolidated results

• Consolidated revenue from operations Rs 798.55 cr; total income Rs 866.43 cr; total expenses Rs 820.58 cr.
• Profit before tax Rs 45.85 cr; tax Nil; PAT Rs 45.85 cr.
• EPS (basic/diluted) Rs 0.09; total comprehensive income Rs 45.85 cr.

Standalone results

• Standalone revenue from operations Rs 798.55 cr; total income Rs 875.58 cr; total expenses Rs 831.22 cr.
• Standalone PBT Rs 44.36 cr; PAT Rs 44.36 cr.
• EPS (basic/diluted) Rs 0.08; EPS not annualised.
• RPS Rs 250 cr outstanding; liability shown as current financial liabilities.
• Auditor notes Emphasis of Matter on RPS and IBC proceedings.
• Single external customer; operations/domestic; no geographic reportable segment.

Meeting Details

• Board meeting on July 24, 2026; time and venue not disclosed.

Key Agenda Items

• Consider and approve unaudited standalone and consolidated financial results for quarter ended June 30, 2026.

Other Notes

• Trading window will remain closed until 48 hours after dissemination of results to exchanges.