Raunaq International Ltd

Dematerialisation status

• Dematerialisation requests were processed and confirmed as accepted or rejected by depositories.
• Dematerialised securities are listed on exchanges where earlier issues are listed.

Physical certificates handling

• Physical certificates for dematerialisation were mutilated and cancelled after verification.
• Depository name substituted as registered owner within prescribed timelines.

AGM notice and Annual Report access

• 61st AGM scheduled for 31 July 2026 at 4:00 PM IST via VC/OAVM.
• Annual Report 2025-26 and AGM notice available online with direct links.
• Web-links for the annual report and AGM notice sent to members without registered emails.
• Website hosting the documents: raunaqinternational.com; exact PDF paths provided.
• Cut-off date for email-based communications: 03 July 2026.
• KYC updation and dematerialisation of physical securities advised; ISR-1/2/3 and SH-13/14 formats available.

Financial highlights

• Revenue from operations and other income: ₹3,689.37 lakh.
• Net profit after tax: ₹9.15 lakh; total comprehensive income ₹12.43 lakh.
• Operating margin 3.01%; net margin 0.25%.
• Deferred tax credit ₹12.63 lakh; current tax nil.
• EPS (basic & diluted): ₹0.27.
• Long-term debt ₹480 lakh; debt-to-equity ratio 0.61.
• Cash and cash equivalents ₹13.27 lakh; bank balances ₹190.82 lakh.
• Dividend: no dividend proposed for FY2025-26.

Revenue mix & operations

• EPC revenue: ₹1,765.52 lakh; Trading (Alloy steel) ₹1,839.33 lakh; total ₹3,604.85 lakh.
• Major orders: Mahan Energen Phase III ₹15.40 crore; Adani Cement total ₹18.10 crore.
• Trading revenue adds diversification; supports future growth.

Capital structure & liquidity

• Long-term debt ₹480 lakh; current borrowings ₹480 lakh; total borrowings higher than prior year.
• Debt-to-equity ratio stands at 0.61; equity ₹786.21 lakh.
• Net cash from operations: -₹444.39 lakh; net cash from financing: ₹273.05 lakh.
• Aims to raise bank guarantees to bid larger EPC tenders.

Related party transactions & governance

• Material RPT with Bharat Gears Limited; cap ₹10 crore; turnover share 27.74%.
• Proposed RPT: purchase of DI Socket & Spigot Pipe; 8-month tenure; arm's length pricing.
• Audit Committee pre-approved; related directors hold roles in both entities.
• Secretarial Auditor Ankita S. Jain & Co. appointed for 2026-31; remuneration ₹75,000.

Audit & internal controls

• Statutory auditors BR Maheswari & Co LLP; reappointed to 2027.
• Secretarial auditors MR-3 by Surya Gupta & Associates; new appointment from 2025-26.
• Internal financial controls adequate; no material weaknesses observed.
• Contingent liabilities: GST ₹69.09 lakh; income tax ₹8.32 lakh; bank guarantees ₹171.72 lakh.

CSR & governance

• CSR expenditure for 2025-26: Nil; CSR policy available on website.
• CSR Committee: Surinder Paul Kanwar, Naresh Verma, Virender Pal Jain.

Outlook & risks

• India's growth forecast: 6.9%-7.3%; infrastructure push sustains EPC demand.
• Raunaq aims larger EPC tenders; seeks higher bank guarantees and expand trading.
• Risks: macro, competition, project execution, liquidity, fraud, legal; mitigants include diversification and governance.
• Outlook: focus on engineering execution, disciplined risk management, and capital allocation.

Order details

• Awarding entity: Ambuja Cements Limited (Domestic).
• Nature and scope: Supply, Erection, Testing and Commissioning of Raw Water Pipeline and associated Equipment.
• Aggregate value: Rs 18.10 crore exclusive of taxes.
• Execution deadline: Within 10 months from May 11, 2026.
• Effective date: May 11, 2026.
• Order values: Order 1 Rs 10.85 crore; Order 2 Rs 7.25 crore.
• Payment terms Order 1: 10% advance; 85% pro-rata; 5% retention.
• Payment terms Order 2: 10% advance; 80% pro-rata; 5% retention; 5% hydro test.
• Liquidated damages: 5% of PO price.
• Promoter interest: No; related party: No; arm's length.