Financial Performance Summary

FY 2025-26 Financial Highlights:

  • Total Income: ₹3,82,845 (000s) [₹382.8 crore], compared to ₹3,50,746 (000s) [₹350.7 crore] in previous year
  • Net Profit Before Tax: ₹25,332 (000s) [₹253.3 lakh], compared to ₹24,113 (000s) [₹241.1 lakh] in previous year
  • Net Profit After Tax: ₹18,042 (000s) [₹180.4 lakh], compared to ₹19,326 (000s) [₹193.3 lakh] in previous year
  • Current Tax: ₹6,397 (000s) [₹64.0 lakh]
  • Reserves: ₹2,19,210 (000s) [₹219.2 crore], increased from ₹1,57,341 (000s) [₹157.3 crore]

Key Quantitative Figures

Capital Structure Changes:

  • Company allotted 3,65,000 warrants on preferential basis on November 01, 2024 at ₹210 per warrant
  • All warrant holders exercised conversion rights, increasing share capital to 25,85,000 equity shares of ₹10 each
  • Total share capital increased to ₹2,58,50,000 [₹253.5 lakh]
  • Securities Premium Account: ₹914.90 lakh (increased from ₹375.00 lakh)

Operational Metrics:

  • Turnover: ₹3,828 lakhs compared to ₹3,507 lakhs in previous year (9.16% growth)
  • Foreign exchange earnings: ₹1,50,94,587.16 (Previous Year ₹1,51,057.56)
  • Foreign exchange outgo: ₹10,02,17,913.51 (Previous Year ₹13,66,092.02)
  • Expenditure on Research & Development: ₹NIL (same as previous year)

Asset Transactions:

  • Sold allotted land admeasuring 4000 sq. meters in MIDC Ambernath on 21st May 2025 for ₹241 lakhs
  • Purchased 1.52.30 hectares of land at cost of ₹595 lakhs for new plant in Vadgoan Taluk, Khalapur District, Raigad
  • Estimated project cost: ₹1600 lakhs

Dates of Action

  • Annual General Meeting: September 30, 2026 at 5:00 PM
  • Book Closure: September 22, 2026 to September 29, 2026
  • Remote e-voting period: September 27, 2026 (9:00 AM) to September 29, 2026 (5:00 PM)
  • Cut-off date for e-voting: September 25, 2026

Parties Involved

Board of Directors:

  • Mr Manjunath Nayak - Whole Time Director
  • Mrs. Meeta Manjunath Nayak - Director (retiring by rotation)
  • Mr. Naresh Nayak - Managing Director
  • Mr. Niranjan Nayak - Whole time Director & CFO
  • Ms. Priyanka Moondra Rathi - Independent Director
  • Ms. Mayuri Bipinbhai Rupareliya - Independent Director

Key Management Changes:

  • Ms. Aishwarya Kachhwaha appointed as Company Secretary and Compliance Officer from January 05, 2024 to April 23, 2026
  • Ms. Manisha Munnalal Gupta appointed as Company Secretary and Compliance Officer effective May 05, 2026

Auditors:

  • Statutory Auditors: M/s B.B.Gusani and Associates, Chartered Accountants
  • Secretarial Auditors: Mr. Mohammed Aabid, M/s. Aabid and Co, Company Secretaries

Bankers:

  • State Bank of India
  • Indusind Bank
  • ICICI Bank

Registrar and Share Transfer Agent:

  • Bigshare Services Private Limited

Capital Structure Impact

  • Preferential warrant conversion resulted in increase of share capital from 22,20,000 to 25,34,952 shares
  • Promoter shareholding decreased from 73.02% to 63.95% due to dilution from warrant conversion
  • Public shareholding increased from 26.98% to 36.05%

Operational Business Details

Principal Business Activities:

  • Manufacturing of Sealing, Packing and Insulation products
  • Four major product categories: Compressed Fibre Jointing Sheets/Gaskets, Gland Packing & Ropes, Fabric Expansion Joints, Technical and Heat Resistance Textiles

Product-wise Revenue Contribution:

  • Ceramic Fibre Product: 20.33%
  • Gasket Sheets: 16.56%
  • Gland Packing: 22.84%
  • Fire Proof Sleeve: 21.81%
  • Silica: 9.02%

Employee Strength:

  • 26 employees as on March 31, 2026 (6 Female, 20 Male)

Related Party Transactions

  • All transactions with related parties at arm's length basis
  • Unsecured loans from directors: Ongoing arrangements for working capital requirements
  • Director remuneration: ₹84 lakh each to Mr. Manjunath Nayak, Mr. Naresh Nayak, and Mr. Niranjan Nayak

Audit Qualifications

  • Secretarial Audit Report had qualification regarding delayed filing of a couple of e-forms beyond prescribed due date
  • Management response: System now in place to avoid delayed filings
  • Statutory auditors issued unqualified opinion

Dividend Declaration

  • No dividend recommended for financial year 2025-26

Corporate Governance

  • Board met 9 times during the year
  • Audit Committee met 4 times
  • Stakeholders Relationship Committee met 2 times
  • Nomination and Remuneration Committee met 1 time
  • Whistle Blower Policy adopted, no complaints received
  • Policy against Sexual Harassment at Workplace implemented, no complaints received

Forward-looking Statements

  • Company planning expansion with new plant for manufacture of Gasket, Industrial Bellows, Chemicals
  • Project cost estimated at ₹1600 lakhs
  • Government permissions awaited for new plant

#Tags: #RexSealing #AnnualReport #FY2026Results #AGMNotice #SEBIDisclosure #FinancialResults #ManufacturingSector #Neutral