Company Overview

Rasi Electrodes Limited (CIN: L52599TN1994PLC026980) is a manufacturer and supplier of all grade welding electrodes, CO₂ welding wire, and drawn wire. The company is registered as a Small Scale Industry under MSME category.

32nd Annual General Meeting Details

  • Meeting Date: Monday, 28 September 2026 at 9:30 AM
  • Mode: Video Conferencing (VC) and Other Audio Visual Means (OAVM)
  • Record Date: Tuesday, 21 September 2026
  • Book Closure: From Tuesday, 22 September 2026 to Monday, 28 September 2026 (both days inclusive)

Ordinary Business Items

1. Approval of Financial Statements: To consider and adopt audited financial statements for FY ended 31 March 2026 along with Directors' and Auditor's reports.

2. Declaration of Dividend: To declare final dividend of ₹0.20 per equity share (10%) of ₹2 each fully paid up for FY2025-26.

3. Reappointment of Director: To reappoint Mrs. Payal Jain (DIN: 07181548) as Director liable to retire by rotation.

Special Business Item

4. Appointment of Secretarial Auditor: To appoint Mr. S Hari Krishnan, Practicing Company Secretary (Membership No: A29583; CP No:13740; Peer Reviewer No:3100) as Secretarial Auditor for five years from conclusion of 32nd AGM till conclusion of 37th AGM in 2031. Remuneration fixed at ₹2 lakhs per annum excluding certifications and reimbursements.

Financial Performance Highlights (FY2025-26 vs FY2024-25)

  • Net Sales: ₹7201.80 lakhs (previous year: ₹8144.18 lakhs) - decrease of 11.57%
  • Other Income: ₹179.15 lakhs (previous year: ₹86.92 lakhs)
  • Total Income: ₹7380.95 lakhs (previous year: ₹8231.10 lakhs)
  • Total Expenditure: ₹6839.85 lakhs (previous year: ₹7772.72 lakhs)
  • Profit Before Tax: ₹478.44 lakhs (previous year: ₹376.79 lakhs) - increase of 27.00%
  • Tax Expense: ₹126.87 lakhs (previous year: ₹103.03 lakhs)
  • Net Profit: ₹351.57 lakhs (previous year: ₹273.76 lakhs) - increase of 28.42%
  • Earnings Per Share: ₹1.15 (previous year: ₹0.86)
  • Equity Share Capital: ₹622.61 lakhs (unchanged)
  • Other Equity: ₹3262.63 lakhs (previous year: ₹2904.23 lakhs)

Dividend Information

  • Dividend Recommended: ₹0.20 per equity share (10%)
  • Total Payout: ₹62.26 lakhs
  • Payment Date: On or before 27 October 2026
  • Eligibility: Shareholders on register as of 21 September 2026

Production Details (FY2025-26)

  • Welding Electrodes: 1985.748 MTs (previous year: 1951.214 MTs)
  • CCMS Wire: 4841.183 MTs (previous year: 4684.748 MTs)
  • Wire Rod: 1031.203 MTs (previous year: 2339.304 MTs)

Operational Updates

  • The company has repaid all secured debt and is now debt-free
  • Trading business in Groceries and Staples generated turnover of ₹7.31 lakhs, but Board decided not to scale up due to unfavorable business environment
  • Installing 100 KWA Solar Power Plant on trial basis at estimated cost of ₹32.63 lakhs, expected to commence operations in first half of forthcoming financial year
  • Maintains certifications: TUV India QMS ISO 9001, RDSO approval for Indian Railways and ICF supplies, BIS Trade Mark for CCMS Wire

Corporate Governance and Compliance

  • Board Composition: 6 Directors (3 Independent, 3 Non-Independent) with 2 Women Directors
  • Board Meetings: 6 meetings held during the year
  • Committee Meetings: Audit Committee (5), Nomination & Remuneration Committee (1), Stakeholders Relationship Committee (6)
  • Compliance Issues: Delayed filing of Shareholding Pattern (fine ₹16,520) and Related Party Transactions (fine ₹5,900) with BSE Limited
  • Secretarial Audit: Conducted by Mr. Gopikrishnan Madanagopal with unmodified opinion except for delayed filings

Key Management Personnel

  • Chairman: Mr. B. Ranjit Kumar Kothari (DIN: 01560805)
  • Managing Director: Mr. B. Popatlal Kothari (DIN: 00594168)
  • CFO: Mr. Kashyap Kothari
  • Company Secretary: Mrs. Jagruti J Jain

Shareholding Pattern (as on 31 March 2026)

  • Total Shares: 311,30,500 equity shares of ₹2 each
  • Promoter Holding: 27.96%
  • Public Holding: 72.04%
  • Demat Holdings: 99.15% of paid-up capital
  • Physical Holdings: 0.85% of paid-up capital

Related Party Transactions

  • Transactions with related parties amounting to ₹146.35 lakhs for job work and material supply
  • All transactions at arm's length and in ordinary course of business
  • Shareholder approval obtained for long-term contract with Kashyap Wire Products

Voting Arrangements

  • Remote e-Voting Period: From Thursday, 24 September 2026 (10:00 AM) to Sunday, 27 September 2026 (5:00 PM)
  • Scrutinizer: Mr. Gopikrishnan Madanagopal, Practicing Company Secretary
  • Voting Service Provider: Central Depository Services (India) Limited (CDSL)
  • Results Declaration: Within 48 hours of conclusion of AGM on company website

Other Significant Information

  • The company has not transferred any amount to reserves
  • No deposits accepted from public during the year
  • No change in share capital during the year
  • No employee stock option scheme exists
  • No material orders passed by regulators/courts affecting going concern status
  • Company has adequate internal financial controls and risk management systems