Rishi Laser Ltd

Book closure details

• Book closure: 19 September 2026 to 25 September 2026 inclusive for AGM.
• Purpose: Annual General Meeting.
• Date of AGM: 25 September 2026.
• Security: equity shares.

AGM notice and voting details

• 34th AGM scheduled for 25 September 2026 at 11:00 a.m. via VC/OAVM.
• Remote e-voting facility to be available to members per Section 108 and Regulation 44.
• Cut-off date for e-voting is 18 September 2026 (Friday).
• E-voting opens on 21 September 2026 at 9:00 a.m. IST.
• E-voting ends on 24 September 2026 at 5:00 p.m. IST.
• Register of Members and Share Transfer Books will be closed 19-25 September 2026.
• Agency for e-voting: National Securities Depository Limited (NSDL).

Relodgement status under SEBI window

• Status update on relodgement of physical share transfer requests under SEBI window Feb–Jul 2026 shows zero activity.
• RTA report from Adroit Corporate Services covers February 2026 to July 2026 relodgement.
• Table shows nil requests received, processed, approved, or rejected during Feb 2026–Jul 2026.

Operational expansion

• Malur facility onboarding completed; product approvals from largest customer; billing and shipments underway.
• New Bangalore plant: 70,000 sq ft, 3 acres; paint shop Phase-1 June 2026.
• Capex ₹18 Cr; 250 direct and indirect jobs; strengthens southern market access.

Financial performance

• Q1 FY27 revenue ₹42.26 Cr; YoY +2.99%.
• Q1 FY27 EBITDA ₹2.93 Cr; margin 6.90%.
• Q1 FY27 PAT ₹0.50 Cr; margin 1.17%.
• Historical FY24-FY26 revenue: 140.11, 150.72, 161.03 Cr.
• FY26 EBITDA ₹14.12 Cr; margin 8.70%.
• FY26 PAT ₹3.67 Cr; margin 2.26%.

Capital structure & liquidity

• FY26 total equity ₹74.60 Cr.
• Long-term borrowings ₹14.68 Cr; short-term borrowings ₹7.29 Cr.
• Cash and equivalents ₹3.41 Cr (FY26).
• Total assets ₹148.73 Cr; total liabilities ₹148.73 Cr (FY26).

Strategic priorities & outlook

• 20% revenue CAGR over next three years; margin recovery focus.
• Malur revenue contribution ~₹60 Cr in FY27; ₹100 Cr by FY29.
• New Bangalore plant to enable faster market access and export growth.
• Automation and Industry 4.0 adoption to improve efficiency.

Risks & governance

• Transitional ramp-up costs at Malur weighed EBITDA; higher staff costs and lease accounting impact margins.
• Leadership: MD Harshad Patel and CFO Ganesh Agrawal continue in roles.

Financial and operational highlights

• Q1 FY27 revenue ₹42.26 crore, up 2.99% YoY.
• EBITDA ₹2.93 crore; margin 6.90%.
• PAT ₹0.50 crore; margin 1.17%.
• Malur facility commissioned; ramp-up toward full capacity in FY27.
• Order intake at Malur; product approvals from largest customer; billing/shipments started.
• Higher finance costs and depreciation due to Malur lease.
• Malur projected ₹60 crore revenue in FY27.
• Target ₹100 crore from Malur by FY29; 20% CAGR target.

Fund raising details

• Purpose: No deviation in use of proceeds from warrant issue.
• Mode of fund raising: Preferential issue of convertible warrants.
• Date of fund raising: 25 September 2024.
• Amount raised: Rs 12 crore.
• Monitoring agency: Not applicable.
• Deviation status: No deviation or variation reported.

Utilisation & deviation status

• Utilisation status: Rs 3 crore utilised; Rs 9 crore yet to be utilised.
• Original allocation: Rs 12 crore; modified allocation: Nil.
• Remarks: 3 crore utilised for working capital/general purposes; balance awaiting use.
• Audit Committee: None; Auditors: None.
• Deviation amount: Nil.

Financial results

• Unaudited standalone and consolidated Q1 2026 results approved by the Board.
• Limited Review Report on results taken on record.

AGM schedule & notices

• 34th AGM to be held on 25 September 2026 at 11:00 AM via VC/OAVM.
• Board approved the Board's Report and Notice of the AGM.

Warrant conversion & equity capital

• 8,00,000 equity shares allotted on conversion of warrants from preferential issue.
• Promoter category received 1,25,000 shares; non-promoter 6,75,000.
• Paid-up capital increased to Rs 9,99,26,000.

Scrutinizer appointment

• Appointed M/s Sudhanwa S Kalamkar & Associates as Scrutinizer for AGM e-voting.

Auditor remarks & regulatory notes

• Independent Auditor's Review Report states no material misstatement.
• Labour Codes 2020-related incremental provision recognised: Rs 18.12 lakh (quarter) and Rs 55.51 lakh (year).

Use of funds

• Funds from warrant conversion used for capital expansion and general corporate purposes.

Meeting Details

• Board meeting on 13 August 2026 at 2:00 PM, 612 Veena Killedar Industrial Estate, Mumbai.

Key Agenda Items

• Approve unaudited financial results for quarter ended 30 June 2026.
• Fix day, time and date of the 34th AGM for FY 2025-26.
• Fix date of closure of register of members and transfer books for AGM.
• Appoint scrutinizer for the 34th AGM.
• Any other matter with permission of the chair.

Other Notes

• Trading window closed from 1 July 2026 until 48 hours after dissemination of the unaudited results.

Dematerialisation processing

• Dematerialisation requests for the period were confirmed to depositories (accepted/rejected) by the Registrar.
• Securities dematerialised have been listed on the stock exchanges where the earlier securities are listed.
• Physical certificates for dematerialisation were mutilated and cancelled; depository name substituted as registered owner within 15 days.