A meeting of the Board of Directors of Riddhi Steel and Tube Limited was held on Saturday, 30th May 2025, commencing at 02:00 P.M. and closing at approximately 03:30 P.M. The meeting was conducted pursuant to Regulation 30 (Schedule III Part A) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

1. Annual Audited Standalone Financial Results: The Board approved the Annual Audited Standalone Financial Results for the half year and year ended March 31, 2026. The results were accompanied by an Auditor's Report with an Unmodified Opinion issued by M/s. Ashok Rajpara And Co. (Firm Registration Number - 153195W), the Statutory Auditor.

2. Appointment of Auditors:

  • Secretarial Auditor: Appointment of M/s. G R Shah & Associates as the Secretarial Auditor for the Financial Year 2025-26.
  • Internal Auditor: Appointment of M/s. C. P. Shah & Associates (Firm Registration No.: 031239) as the Internal Auditor for the Financial Year 2025-26.
  • Cost Auditor: Appointment of M/s. Mayur Chhaganbhai Undhad & co. (Firm Registration No.: 37444) as the Practicing Cost Accountants for the Financial Year 2026-27.

Details required under Regulation 30 of SEBI LODR read with SEBI Circular SEBI/HO/CFD/PoD2/CIR/P/10155 dated November 11, 2024, regarding these appointments are enclosed in Annexure I, Annexure II, and Annexure III.

Financial Results Highlights (Rs. in lakh)

Profit & Loss Statement:

  • Full Year Ended March 31, 2026 (Audited):
  • Revenue from Operations: ₹45,788.34
  • Total Revenue: ₹46,099.85
  • Total Expenses: ₹44,518.10
  • Profit Before Tax: ₹1,581.75
  • Tax Expense: ₹398.10 (Current Tax: ₹38.29, Deferred Tax: ₹359.81)
  • Net Profit for the period: ₹1,145.37
  • Paid-up Equity Share Capital (Face value ₹10): ₹1,243.54 Lakh (12,435,378 shares)
  • Earnings Per Share (EPS): Basic & Diluted = ₹9.21
  • Half Year Ended March 31, 2026 (Audited):
  • Revenue from Operations: ₹21,108.47
  • Total Revenue: ₹21,270.17
  • Profit Before Tax: ₹641.91
  • Tax Expense: ₹69.16 (Current Tax: ₹35.79, Deferred Tax: ₹33.37)
  • Net Profit for the period: ₹536.96
  • EPS: Basic & Diluted = ₹4.32
  • Comparative Figures (Audited) for Year Ended March 31, 2025:
  • Revenue from Operations: ₹39,113.34
  • Net Profit: ₹758.65
  • EPS: ₹9.15

Balance Sheet Position as of March 31, 2026:

  • Total Equity and Liabilities: ₹21,672.77 Lakh
  • Total Assets: ₹21,672.77 Lakh
  • Non-Current Assets: ₹2,086.34 Lakh (Tangible Assets)
  • Current Assets: ₹19,586.43 Lakh (Inventories: ₹12,400.80 Lakh, Trade Receivables: ₹4,712.59 Lakh, Cash and Cash Equivalents: ₹872.76 Lakh)
  • Equity Share Capital: ₹1,243.54 Lakh
  • Non-Current Liabilities: ₹4,594.60 Lakh (Long-term borrowings: ₹4,485.41 Lakh)
  • Current Liabilities: ₹9,722.97 Lakh (Short-term borrowings, Trade payables, Other current liabilities)

Cash Flow Statement for Year Ended March 31, 2026:

  • Cash Flow from Operating Activities: ₹605.17 Lakh
  • Cash Flow from Investing Activities: ₹127.04 Lakh
  • Cash Flow from Financing Activities: (₹664.65) Lakh
  • Net increase in cash and cash equivalents: ₹67.56 Lakh
  • Cash and cash equivalents at end of year: ₹872.76 Lakh (Cash on hand: ₹10.25 Lakh, Bank Balances: ₹862.51 Lakh)

Additional Notes from Financial Statements:

1. The financial results were reviewed by the Audit Committee and approved by the Board on May 30, 2026.

2. There were no investor complaints received/pending as of March 31, 2026.

3. The company operates in a single segment: Manufacturing and selling iron & steel products.

4. Figures for the previous period/year have been regrouped/recast for comparability.

5. The company has no subsidiary, associate, or joint venture.

6. Being listed under the SME Sector, corporate governance under Regulation 15(2)(b) of SEBI LODR is not applicable.

7. The auditor's report included a note that a matter described may have an adverse effect on the functioning of the company (Material Uncertainty Related to Going Concern).

8. The auditor confirmed the company has no pending litigations impacting its financial position, no material foreseeable losses on long-term contracts, and no amounts required to be transferred to the Investor Education and Protection Fund.

Declaration of Unmodified Opinion

A separate declaration was submitted to the BSE, confirming that the Audit Report on the Audited Financial Results for the year ended March 31, 2026, carries an Unmodified Opinion. This declaration complies with the second proviso of Reg. 33(3)(d) of SEBI LODR Regulations, as amended.

Annexure Details (Appointment of Auditors)

Annexure I - Secretarial Auditor (M/s. G R Shah & Associates):

  • Reason: Appointment for FY 2025-26.
  • Date: May 30, 2026.
  • Profile: Proprietor Mr. Gaurang Shah has vast experience in legal, compliance, secretarial compliances under Companies Act 2013, ROC compliance, secretarial audit, liaising with authorities, FEMA compliances, management consultancy, and advising.

Annexure II - Internal Auditor (M/s. C. P. Shah & Associates):

  • Reason: Appointment for FY 2025-26.
  • Date: May 30, 2026.
  • Profile: A multidisciplinary firm (Firm Registration No.: 031239) specializing in auditing, controls functions, and statutory compliances.

Annexure III - Cost Auditor (M/s. Mayur Chhaganbhai Undhad & co.):

  • Reason: Appointment for FY 2026-27.
  • Date: May 30, 2026.
  • Profile: Practicing Cost Accountants (Firm Registration No.: 37444) based in Ahmedabad with experience in cost accounting and cost auditing.