Ridhi Synthetics Ltd

Key financials

• Board approved unaudited Q1 FY27 results for quarter ended 30 Jun 2026; single segment.
• Q1 2026-27: PAT 39.89 lakh; EPS 2.50; total income 45.41 lakh; OCI -69.32 lakh.
• FY26: PAT 106.27 lakh; total income 127.40 lakh; EPS 6.69; total comprehensive income 109.16 lakh.
• Auditor's report: unmodified opinion; results reviewed by Audit Committee and Board.

Key board decisions

• Approved unaudited quarterly results for quarter ended 30 June 2026.
• Limited Review Report issued by SVP & Associates.
• Approved Directors' Report for financial year ended 31 March 2026.
• Convene the 45th AGM at the registered office.

Dematerialisation/rematerialisation status

• Dematerialisation requests were processed and confirmed to depositories during the quarter ended 30 June 2026.
• Securities dematerialised have been listed on the stock exchanges where the earlier issued securities are listed.
• Physical certificates dematerialised were mutilated and cancelled after verification; depository name substituted as registered owner within timelines.

Independent Director Term Completion

• Mr. Jash Dalia's term as Independent Director ends on 29 March 2026.
• He will not seek re-appointment after completing his first five-year term.
• Mr. Jash Dalia was appointed on 30 March 2021 for a five-year term.

Appointment of Independent Director

• Mr. Ashish Rameshwar Agarwal appointed Additional Independent Director effective March 28, 2026
• Appointment tenure is 5 years, subject to shareholders' approval
• Mr. Agarwal is a Chartered Accountant with over 7 years' taxation experience
• No relations with other directors disclosed
• Mr. Agarwal is not debarred by SEBI or any other authority

Appointment of Independent Director

• Mr. Ashish Rameshwar Agarwal appointed as Additional Independent Director effective March 28, 2026
• Appointment subject to shareholders' approval for a tenure of 5 years
• Mr. Agarwal is a Chartered Accountant with over 7 years of taxation experience
• No disclosed relationships with other directors or management
• Mr. Agarwal is not debarred from holding director office by SEBI or other authorities

Financial Performance Q3 & 9M FY26

• Q3 revenue from operations was Rs 12.49 lakh, up 15.1% YoY from Rs 10.85 lakh
• 9M revenue from operations was Rs 37.45 lakh, up 15.0% YoY from Rs 32.56 lakh
• Q3 total income was Rs 53.43 lakh, down 5.6% QoQ from Rs 59.91 lakh
• 9M total income was Rs 139.67 lakh, down 16.7% YoY from Rs 167.65 lakh
• Q3 profit before tax was Rs 34.42 lakh, down 16.4% YoY from Rs 41.15 lakh
• 9M profit before tax was Rs 86.95 lakh, down 28.3% YoY from Rs 121.24 lakh
• Q3 profit after tax was Rs 25.94 lakh, down 16.9% YoY from Rs 31.22 lakh
• 9M profit after tax was Rs 65.71 lakh, down 27.4% YoY from Rs 90.50 lakh
• Q3 employee benefit expenses were Rs 12.40 lakh, down from Rs 13.47 lakh in prior quarter
• 9M employee benefit expenses were Rs 35.51 lakh, up 16.8% YoY from Rs 30.41 lakh
• Q3 depreciation was Rs 1.77 lakh, stable QoQ
• 9M depreciation was Rs 5.29 lakh, up 64% YoY from Rs 3.26 lakh
• Q3 other expenses were Rs 4.84 lakh, up 26.4% QoQ from Rs 3.83 lakh
• 9M other expenses were Rs 11.92 lakh, down 6.4% YoY from Rs 12.74 lakh
• Basic and diluted EPS for Q3 was Rs 2.16, down from Rs 2.60 in prior quarter
• Basic and diluted EPS for 9M was Rs 5.47, down from Rs 7.53 YoY

Other Comprehensive Income

• Q3 OCI was positive Rs 490.62 lakh versus negative Rs 313.79 lakh in prior quarter
• 9M OCI was positive Rs 808.37 lakh versus negative Rs 657.82 lakh YoY

Capital Structure

• Paid-up equity share capital remained Rs 120.20 lakh with face value Rs 10 each
• Other equity excluding revaluation reserve was Rs 4,865.90 lakh

Audit and Compliance

• Results reviewed by Audit Committee and approved by Board on 12 Feb 2026
• Statutory auditor issued unmodified opinion on standalone unaudited results
• Company operates in a single business segment