Rajputana Stainless Limited Announces Q1 Results and Details Key Board Decisions, Approves Auditor Appointments

Rajputana Stainless Limited Announces Q1 Results and Details Key Board Decisions, Approves Auditor Appointments​

Rajputana Stainless Limited has announced the outcome of its recent Board meeting, approving the unaudited financial results for the quarter ended June 30, 2026. The company also detailed several key shareholder decisions, including the appointment of new audit firms, set the record date for a dividend, and scheduled the upcoming Annual General Meeting (AGM).

The Company is primarily engaged in the manufacturing of long and flat stainless-steel products, which include billets, forging ingots, rolled black bar, and other ancillary products.

Financial Performance Highlights​

The results for the quarter ended June 30, 2026, show revenue from operations at 30,654.22 (in lakhs), with Other Income standing at 229.92. Total income reached 30,884.15 lakh rupees.

The expenses for the period amounted to 28,160.38 lakh rupees, covering Cost of Materials Consumed at 5,992.44 and Employee Benefits Expense at 524.06. The profit before exceptional items and tax was recorded at 2,723.76 lakh. The total comprehensive income for the year stood at 2,018.47 lakh rupees.

The management also provided details on the utilization of funds from its Initial Public Offer (IPO). Of the total IPO proceeds of 25,498.01 lakhs, 23,339.66 lakhs were utilized by June 30, 2026, covering Capex for Expansion at the Panchmahal Facility and Repayment/Prepayment of Borrowings.

Shareholder Matters and AGM Details​

The Board meeting held on August 12, 2026, confirmed several important shareholder matters:

• Annual General Meeting (AGM): The 35th Annual General Meeting is scheduled for Wednesday, September 23, 2026.
• Record Date: The Record Date for determining eligibility for a final dividend of Rs. 0.50 per equity share of face value Rs. 10/- was fixed as Wednesday, September 16, 2026.
• E-Voting Period: The remote e-voting period will commence from Sunday, September 20, 2026, and conclude on Tuesday, September 22, 2026.

Appointments of Statutory and Internal Auditors​

The Board, upon recommendation of the Audit Committee, approved several professional appointments for the company:

• Statutory Auditor: M/s Ruparel & Bavadiya, Chartered Accountants, were recommended for re-appointment as Statutory Auditors for a second term of five consecutive years. This appointment is subject to shareholder approval at the ensuing AGM.
• Secretarial Auditor: M/s Kavita Khatri & Associates, Company Secretaries, were approved for appointment as Secretarial Auditor for a term of five consecutive years, starting from April 01, 2026.
• Cost Auditor: M/s Y S Thakar & Co., Cost Accountants, were re-appointed as the Cost Auditors for the Financial Year 2026-27.
• Internal Auditor: M/s Jain & Hindocha, Chartered Accountants, were approved for re-appointment as Internal Auditors for the Financial Year 2026-27.

Audit Firm Profiles​

Details regarding the appointed audit firms include:


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Financial figures are presented in lakhs of Indian Rupees unless otherwise stated.

RSL Stock Price Movement​

Rajputana Stainless Limited shares rallied on Wednesday, surging 3.06% in a strong session to close at ₹155.92, driven by achieving an intraday peak that hit its 52-week high. The equity traded alongside 1.17 million shares, with the stock demonstrating robust momentum throughout the trading period.