Financial Analyst Summary: Rico Auto Industries Limited Regulatory Compliance Response
Nature of Exchange Query and Company Response
Rico Auto Industries Limited responded to the National Stock Exchange of India Limited's email dated September 1, 2026, regarding deficiencies in the submission of financial results for the quarter ended June 30, 2026. The exchange identified two specific issues:
- Machine Readable Form/Legible copy of Financial Results not submitted
- Limited Review Report/Independent Auditor's Report not in the format prescribed by SEBI - specifically, the header of Consolidated Limited Review Report was not correctly spelled
The company attributed these deficiencies to technical faults that occurred during the merging of separate digitally signed PDF files into a single file. Rico Auto apologized for the inconvenience and assured that they would take care to prevent such issues in future submissions.
Regulatory Compliance Reference
The company referenced compliance with Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. The financial results were prepared in accordance with Indian Accounting Standards notified under the Companies (Indian Accounting Rules) 2015 and Section 133 of the Companies Act, 2013.
Financial Results Clarification Details
The company provided both standalone and consolidated financial results for the quarter ended June 30, 2026:
Standalone Financial Results (Rs. in Crores):
- Revenue from operations: 581.15 (compared to 387.88 in Q1 FY2026 and 511.35 in Q4 FY2026)
- Other income: 10.92
- Total income: 592.07
- Profit before tax: 0.24
- Tax expense: 0.08 (Current tax: 0.02, Deferred tax: 0.06)
- Profit for the period: 0.16
- Basic and diluted EPS: 0.01 (not annualized)
Consolidated Financial Results (Rs. in Crores):
- Revenue from operations: 755.08 (compared to 543.46 in Q1 FY2026 and 677.49 in Q4 FY2026)
- Other income: 2.85
- Total income: 757.93
- Loss before tax: (4.08)
- Tax expense: (0.70) (Current tax: 1.03, Deferred tax credit: (1.73))
- Loss for the period: (3.38)
- Net loss attributable to owners of the company: (3.59)
- Basic and diluted loss per equity share: (0.27) (not annualized)
Segment Information:
The company operates in one reportable segment - Automotive Components, with:
- Segment Revenue: 755.08 crores for Q1 FY2027
- Segment Results: 10.22 crores for Q1 FY2027
- Segment Assets: 2,351.69 crores as of June 30, 2026
- Segment Liabilities: 1,572.18 crores as of June 30, 2026
Exceptional Items:
The results included exceptional items of INR 0.10 crores for both standalone and consolidated results, representing expenditure incurred pursuant to Voluntary Retirement Scheme. Additionally, the company noted a one-time impact of New Labour Codes effective November 21, 2025, amounting to INR 6.17 crores for the company and INR 7.38 crores for the group, which was recognized in the results for the year ended March 31, 2026.
Subsidiary Information:
The consolidated results include the following entities:
1. Rico Auto Industries, Inc. - Wholly Owned Subsidiary
2. Rico Auto Industries (UK) Limited - Wholly Owned Subsidiary
3. AAN Engineering Industries Limited - Wholly Owned Subsidiary
4. Rico Fluidtronics Limited - Erstwhile Subsidiary
5. Rico Friction Technologies Limited - Subsidiary
6. Rico Jinfei Wheels Limited - Subsidiary
The auditors noted that they did not review the interim financial information of three subsidiaries representing total revenues of Rs. 57.81 crores and total net profit after tax of Rs. 1.10 crores for the quarter, relying on other auditors' reports for these entities.
Corporate Actions:
The company disclosed that Rico Fluidtronics Limited merged with Rico Jinfei Wheels Limited with effect from April 1, 2024, pursuant to a Scheme of Amalgamation approved during the previous year.
Topic Tags: Regulatory Response, Financial Results Clarification, Compliance, Technical Submission Issues, Quarterly Results
Date of Communication: September 1, 2026 | Board Meeting Date: August 12, 2026