AGM Details

The 23rd Annual General Meeting of Rachit Prints Limited will be held on Wednesday, 30th September 2026 at 4:00 PM IST through Video Conferencing/Other Audio Visual Means. The registered office at B-9, 10 & 11, Udyog Puram, Delhi Road, Partapur, Meerut, Uttar Pradesh - 250103 shall be deemed to be the venue.

Business to be Transacted

Ordinary Business

1. Adoption of audited financial statements for FY ended 31st March 2026 including Statement of Profit & Loss, Directors' Report and Auditors' Report

2. Re-appointment of Ms. Rose Kansal (DIN: 10651709) as Director who retires by rotation

Special Business

3. Appointment of M/s Lal Ghai & Associates as Secretarial Auditors for five years from FY 2026-27 to 2030-31

4. Regularization of appointment of Mr. Siddharth Gupta (DIN: 11262977) as Independent Director for five years commencing 25th May 2026

5. Revision in remuneration of Mr. Anupam Kansal (DIN: 01982805), Managing Director from ₹2,00,000 to ₹3,50,000 per month effective 1st July 2026

6. Revision in remuneration of Mrs. Naina Kansal (DIN: 02313363), Whole-time Director from ₹2,00,000 to ₹3,50,000 per month effective 1st July 2026

Financial Performance Highlights (FY 2025-26 vs FY 2024-25)

  • Revenue from Operations: ₹53,23,994.42 hundred (₹41,70,319.71 hundred previous year) - 27.66% increase
  • Other Income: ₹27,795.42 hundred (₹8,107.63 hundred previous year)
  • Total Revenue: ₹53,51,789.84 hundred (₹41,78,427.34 hundred previous year) - 28.09% increase
  • Profit Before Tax: ₹6,20,989.84 hundred (₹6,08,970.60 hundred previous year) - 1.97% increase
  • Profit After Tax: ₹4,58,198.83 hundred (₹4,56,175.99 hundred previous year) - 0.44% increase
  • Basic & Diluted EPS: ₹10.51 (₹13.03 previous year)

Share Capital Information

  • Authorized Share Capital: ₹8,00,00,000 (80,00,000 equity shares of ₹10 each)
  • Paid-up Share Capital as on 31.03.2026: ₹4,93,71,000 (49,37,100 equity shares of ₹10 each)
  • Increased due to Public Issue of 13,09,000 equity shares at ₹149 per share (₹10 face value + ₹139 premium) allotted on 04.09.2025
  • Equity shares listed on BSE SME Platform with effect from 08.09.2025

Key Corporate Details

Management

  • Managing Director: Anupam Kansal (DIN: 01982805)
  • Whole-time Director: Naina Kansal (DIN: 02313363)
  • CFO: Rachit Gupta (appointed 08.12.2025, replacing Garima Moorjani who resigned 29.11.2025)
  • Company Secretary: Prashant (M. No. A81441)
  • Additional Director: Siddharth Gupta (DIN: 11262977)
  • Independent Directors: Priyesh Kumar Sikariwal, Rose Kansal

Professional Appointments

  • Registrar & Transfer Agent: Maashitla Securities Private Limited
  • Statutory Auditors: Singhal Gupta & Co. LLP
  • Internal Auditors for FY 2025-26: Agarwal Aneja & Associates
  • Internal Auditors for FY 2026-27: Priyansh Singhal & Associates
  • Secretarial Auditors: Lal Ghai & Associates

IPO Utilization Details

The company successfully completed its Initial Public Offering of 13,09,000 equity shares at ₹149 per share aggregating ₹19,50,41,000. The utilization as on 31.03.2026:

  • Working Capital Requirement: ₹950.00 lakh (fully utilized)
  • Expansion plan (Plant and Machinery): ₹440.00 lakh (unutilized, temporarily parked in fixed deposits)
  • Partial prepayment of term loans: ₹132.00 lakh (fully utilized)
  • General Corporate Purposes: ₹278.51 lakh (fully utilized)

Key Ratios (FY 2025-26 vs FY 2024-25)

  • Current Ratio: 3.45 (1.69)
  • Debt-Equity Ratio: 0.31 (0.74)
  • Debt Service Coverage Ratio: 11.12 (19.71)
  • Return on Equity: 0.19 (0.51)
  • Inventory Turnover Ratio: 5.16 (6.36)
  • Trade Receivables Turnover Ratio: 5.56 (5.78)
  • Trade Payables Turnover Ratio: 22.92 (5.47)
  • Net Profit Ratio: 0.09 (0.11)
  • Return on Capital Employed: 0.16 (0.40)

Dividend and Reserves

  • No dividend recommended for FY 2025-26
  • No amount transferred to any reserves during the financial year

Corporate Governance

  • The company has constituted Audit Committee, Stakeholders Relationship Committee, and Nomination and Remuneration Committee
  • Board met 15 times during the year
  • Annual evaluation of Board performance conducted
  • Whistle Blower Policy and Vigil Mechanism established

Related Party Transactions

Transactions with related parties conducted on arm's length basis including:

  • Job work services from Shivani Jaitly and Shorya Jaitly (relatives of KMP)
  • Sale and purchase of goods with Elite Traders (proprietorship of Director Naina Kansal)
  • Purchase of goods from Mirahi Traders (proprietorship of CFO Rachit Gupta)

CSR Activities

  • CSR obligation for FY 2025-26: ₹6,69,000
  • Amount spent on CSR: ₹6,69,000 (eradication of hunger initiatives)
  • No unspent CSR amount

Audit Qualifications

  • Statutory Auditors' Report contains no qualifications, reservations or adverse remarks
  • Secretarial Audit Report contains no qualifications
  • Internal financial controls found adequate and operating effectively

Other Significant Information

  • The company operates in textile industry manufacturing knitted fabric, printed fabric, warp knitted fabric, pillow fabric and binding tape
  • Principal customers include Sleepwell, Kurlon Enterprises and Prime Comfort Products Private Limited
  • Manufacturing facilities located in Meerut, Uttar Pradesh
  • Employee strength: 65 permanent employees (55 male, 10 female)
  • No material orders passed by regulators/courts affecting going concern status
  • No frauds reported by auditors

E-voting Arrangements

  • Remote e-voting period: 27th September 2026 (9:00 AM) to 29th September 2026 (5:00 PM)
  • Cut-off date: 23rd September 2026
  • CDSL appointed as e-voting agency
  • Detailed instructions provided for shareholders to participate in e-voting and virtual meeting

#Tags: #RachitPrints #AGM2026 #FY26Results #SEBIDisclosure #RegulatoryCompliance #FinancialUpdate #Neutral