Rhetan TMT boosts production capacity and announces robust Q2 FY26 financial results

Rhetan TMT boosts production capacity and announces robust Q2 FY26 financial results​

Rhetan TMT Limited announced several key corporate decisions following its Board meeting held on August 12, 2026, including a significant enhancement in manufacturing capacity, approvals for limit enhancements, and the appointment of new leadership. The company also released its standalone unaudited financial results for the quarter ended June 30, 2026.

The Board Meeting approved the enhancement of the production capacity at the Kadi, Gujarat manufacturing facility. The facility capacity will increase from 45,000 MT per annum to 75,000 MT per annum. Mr. Ashok Shah, Managing Director, has been authorized by the company to undertake all necessary actions required for this expansion.

In operational and administrative updates, the Board also approved shifting the registered office of the Company. The new corporate address is Corporate House-2, Anam-2, LScon Ambli BRTS Road, Nr. Vakil Bridge, Bopal, Ahmedabad-380058, Gujarat, following approval that the location remains within the local limits of the city.

Financial Performance Highlights​

The company reported its unaudited financial results for the quarter ended June 30, 2026. The statements were reviewed by M/s GMCA & Co., Chartered Accountants, and approved by the Audit Committee as recommended by the Board.

Key operational metrics from the standalone unaudited results are summarized below (figures are in Lakh):

Corporate Governance and Limit Enhancements​

The Board meeting addressed several critical governance and financial parameters for the company:

• Credit Facility Enhancement: The existing limit of Borrowings was enhanced from Rs. 200 Crores to Rs. 300 Crores, subject to approval by Members at the Annual General Meeting (AGM).
• Investment Limit Increase: Similarly, the limits for Loans and/or Investment and/or Guarantee were raised from Rs. 200 Crores to Rs. 300 Crores, pending shareholder approval at the ensuing AGM.

In matters of personnel changes, Mr. Ashok Shah was recommended and approved for re-appointment as Managing Director for a further period of five years, effective January 08, 2027, subject to member approval. Furthermore, Mrs. Jhanvi Vikas Sethi was appointed as Additional (Independent) Director, effective August 12, 2026, for five years, pending shareholder confirmation at the AGM.

The company's committees were re-constituted, including the Audit Committee, Nomination & Remuneration Committee, and Stakeholders Relationship Committee, effective immediately following the meeting.

The Board also approved the Bank’s Report and designated appropriate Book Closure dates and E-voting periods for the forthcoming Annual General Meeting (AGM). The AGM is scheduled for Wednesday, September 16, 2026.

RHETAN Stock Price Movement​

On Wednesday, Rhetan TMT Limited shares slipped by 3.30% to settle at ₹26.17, weighed down from the previous close of ₹27.01. The equity traded within a range defined by a low of ₹26.00 and a high of ₹27.5, with nearly 12 million shares transacting during the session.