Company Overview
Rajesh Exports Limited (BSE: 531500, NSE: rajeshexpo) disclosed its 32nd Annual General Meeting notice and comprehensive financial statements for FY ended March 31, 2026. The AGM is scheduled for September 30, 2026, via video conferencing to adopt financial statements and reappoint director Mr. Suresh Kumar.
Financial Performance
Consolidated Results (₹ in Millions):
- Revenue from Operations: ₹778,716.04 (vs. ₹423,099.32 in FY2025) - 84% increase
- Profit After Tax: ₹111.54 (vs. ₹94.90 in FY2025)
- Basic EPS: ₹3.78 (vs. ₹3.21 in FY2025)
Balance Sheet Highlights:
- Inventories: ₹1,774,647.50 lakhs (significant increase from ₹962,635.12 lakhs)
- Trade Receivables: ₹644,224.97 lakhs (vs. ₹493,275.11 lakhs)
- Cash & Cash Equivalents: ₹173,101.21 lakhs
- Zero debt maintained with strong cash position
Corporate Governance
Board Composition: Mr. Rajesh Mehta (Executive Chairman), Mr. Suresh Kumar (Managing Director), and four independent directors. Held 9 board meetings and various committee meetings during the year.
Subsidiaries: REL Singapore Pte Ltd (100% subsidiary) and ACC Energy Storage Pvt Ltd (51.05% subsidiary) contributed to consolidated performance.
Regulatory and Legal Matters
SEBI Investigation: Ongoing investigation with appointment of forensic auditors to examine company affairs.
Pending Litigations:
- Tax disputes totaling ₹1,170.08 lakhs across multiple forums (Service Tax, VAT, Income Tax)
- Canara Bank litigation regarding receivable/payable balances pending before Debt Recovery Tribunal
- MCX litigation regarding account misappropriation pending before Bombay High Court
Contingent Liabilities: ₹1,019.53 lakhs primarily from tax disputes, though management believes cases will be disposed in company's favor.
Shareholding and Corporate Actions
- Promoter holding: 54.53% (Rajesh J Mehta: 41.25%, Prashanth J Mehta: 12.58%)
- No dividend recommended for FY2026
- ₹27.07 lakhs pending transfer to IEPF due to MCA portal issues
Forward Outlook
Company focusing on expanding retail presence and launching e-commerce platform for global distribution, aiming to emerge as dominant retail force in jewellery sector with increased profitability through value-added products and global design portfolio.