Key Quantitative Figures
- Net Loss for FY 2025-26: ₹106.82 lakhs (Previous year: Profit of ₹1,157.84 lakhs)
- Total Income: ₹0.00 (Previous year: ₹569.50 lakhs)
- Finance Costs: ₹51.08 lakhs (Previous year: ₹20.11 lakhs)
- Depreciation & Amortization: ₹33.73 lakhs (Previous year: ₹47.97 lakhs)
- Employee Benefit Expenses: ₹2.40 lakhs (Previous year: ₹1.58 lakhs)
- Other Expenses: ₹20.23 lakhs (Previous year: ₹235.25 lakhs)
- Total Comprehensive Income: ₹(115.84) lakhs (Previous year: ₹1,153.03 lakhs)
- Authorized Share Capital: ₹300.00 lakhs (3,00,00,000 equity shares of ₹10 each)
- Paid-up Share Capital: ₹135.92 lakhs (13,59,180 equity shares of ₹10 each) after capital reduction
Capital Structure Changes
Pursuant to NCLT-approved Resolution Plan implemented on February 7, 2025:
- 99% reduction of existing equity share capital (1,62,74,610 shares extinguished)
- Fresh allotment of 11,94,790 equity shares at ₹10 each to Resolution Applicants (Surbhika Steels and Daga Infrastructure)
- Post-reorganization shareholding: New Promoters (58.66%), Public Shareholders (41.34%)
- Fractional shares of 306 equity shares arising from reduction to be settled separately
- Awaiting BSE approval for listing and trading of newly issued shares
AGM Details
- Date: September 30, 2026 at 03:30 PM IST
- Mode: Video Conferencing/Other Audio-Visual Means
- Business:
- Adoption of audited financial statements for FY 2025-26
- Re-appointment of Ms. Jyoti Jha (DIN: 10930742) who retires by rotation
- Cut-off Date: September 23, 2026 for determining voting rights
- Remote e-voting Period: September 27-29, 2026 through NSDL
- No dividend declared for FY 2025-26
Operational Status
- No business operations during FY 2025-26
- Manufacturing activities suspended since CIRP commencement
- Company in stabilization phase post-CIRP completion
- New management assessing revival opportunities and operational turnaround
Corporate Insolvency Resolution Process (CIRP)
- CIRP commenced on February 3, 2020 after admission by NCLT Allahabad
- Resolution Plan approved by NCLT on July 27, 2023
- Management transferred to new promoters on February 7, 2025
- Monitoring committee oversaw implementation until February 2025
Board Composition
- Mr. Nikunj Daga - Chairman & Managing Director (DIN: 00360712)
- Ms. Jyoti Jha - Non-Executive & Non-Independent Director (DIN: 10930742)
- Mr. Gagninder Kumar Gandhi - Non-Executive & Independent Director (DIN: 10934329)
- Mr. Sukesh Thirani - Non-Executive & Independent Director (DIN: 01933959)
Key Management Personnel
- Ms. Geeta - Chief Financial Officer
- Ms. Sameeksha Upreti - Company Secretary & Compliance Officer
Financial Position
- Non-Current Assets: ₹856.83 lakhs (mainly Property, Plant & Equipment: ₹844.34 lakhs)
- Current Assets: ₹26.40 lakhs (Cash & cash equivalents: ₹0.81 lakhs)
- Non-Current Liabilities: ₹826.81 lakhs (loans from related parties)
- Current Liabilities: ₹69.39 lakhs
- Negative Net Worth: ₹(12.96) lakhs
Related Party Transactions
- Unsecured loans from related parties: ₹82.68 lakhs
- Surbhika Steels Pvt Limited: ₹20.39 lakhs
- Daga Infrastructure Pvt Limited: ₹62.29 lakhs
- No other material related party transactions reported
Other Disclosures
- Employee Strength: 3 permanent employees
- CSR Provisions: Not applicable for FY 2025-26
- Deposits: No deposits accepted or renewed during the year
- Internal Financial Controls: Under review by new management
- No frauds reported by auditors during the year
- No material orders passed by regulators/courts affecting going concern status
Future Outlook
- Company evaluating revival of manufacturing operations
- Assessing market potential and technological upgradation requirements
- Focus on operational restoration and financial restructuring
- Cautiously optimistic outlook subject to regulatory approvals and capital availability
#Tags: #RathiGraphic #SEBIDisclosure #AnnualReport #CIRP #CorporateRestructuring #FinancialResults #AGM2026