RTCL LIMITED

Rectification Notice Details (12th September, 2026)

The company received a discrepancy notice from BSE regarding the standalone statement of assets and liabilities not being in accordance with Ind AS (Division II of Schedule III to the Companies Act, 2013) format. In response:

  • The company reclassified and re-presented the statement in the prescribed Ind AS format with appropriate grouping under "Financial Assets" and "Financial Liabilities"
  • All figures/amounts remain unchanged from the originally approved audited financial results
  • No impact on Total Assets (₹3,892.32 lakhs), Total Equity (₹3,308.21 lakhs), Total Liabilities (₹584.11 lakhs), or any other reported financial figures
  • The rectified statement was submitted in PDF format on the BSE Listing Center
  • XBRL filing originally submitted was already in correct Ind AS format and remains unchanged
  • This resubmission is solely pursuant to the exchange discrepancy notice and does not constitute delayed filing

Financial Results Approval Details

  • Date of board meeting: 30th May, 2026
  • Meeting start time: 02:00 P.M.
  • Meeting end time: 03:20 P.M.
  • Results approved: Standalone and Consolidated Audited Financial Results for Quarter and Year ended 31st March, 2026
  • Financial year: 1st April, 2025 to 31st March, 2026
  • Prior intimation to exchange: 19th May, 2026
  • Presentation currency: INR
  • Rounding level: lakhs

Standalone Financial Performance (₹ in lakhs)

Income Statement:

  • Total Income FY2026: ₹282.10 lakhs (FY2025: ₹165.07 lakhs)
  • Revenue from Operations: ₹104.88 lakhs
  • Other Income: ₹177.22 lakhs (FY2025: ₹165.07 lakhs)
  • Total Expenses FY2026: ₹86.53 lakhs (FY2025: ₹78.71 lakhs)
  • Employee benefits: ₹21.87 lakhs
  • Finance Costs: ₹18.37 lakhs
  • Depreciation: ₹12.91 lakhs
  • Other Expenses: ₹32.72 lakhs
  • Profit before tax: ₹194.85 lakhs (FY2025: ₹86.29 lakhs)
  • Tax Expense: ₹27.46 lakhs (Current tax: ₹30.14 lakhs, Deferred tax: ₹2.68 lakhs)
  • Net Profit: ₹167.38 lakhs (FY2025: ₹68.57 lakhs)
  • EPS: ₹1.39 (FY2025: ₹0.57)

Balance Sheet Position (as at 31st March, 2026):

  • Total Assets: ₹3,892.32 lakhs (FY2025: ₹3,862.91 lakhs)
  • Non-current assets: ₹3,282.07 lakhs (including Investments: ₹1,366.26 lakhs, Loans: ₹1,611.26 lakhs)
  • Current assets: ₹610.25 lakhs (including Inventories: ₹498.16 lakhs, Cash: ₹14.10 lakhs)
  • Total Equity: ₹3,308.21 lakhs (Equity Share Capital: ₹1,200.12 lakhs, Other Equity: ₹2,108.10 lakhs)
  • Total Liabilities: ₹584.11 lakhs
  • Non-current liabilities: ₹63.93 lakhs
  • Current liabilities: ₹520.18 lakhs (including Borrowings: ₹248.94 lakhs)

Cash Flow Statement:

  • Cash from Operating Activities: ₹(191.73) lakhs
  • Cash from Investing Activities: ₹116.97 lakhs
  • Cash from Financing Activities: ₹16.51 lakhs
  • Net decrease in cash: ₹(58.26) lakhs
  • Cash at end: ₹14.10 lakhs (FY2025: ₹72.36 lakhs)

Consolidated Financial Performance (₹ in lakhs)

  • Total Income FY2026: ₹292.10 lakhs
  • Total Expenses FY2026: ₹96.53 lakhs
  • Profit before tax: ₹203.60 lakhs (including share of profit from associates: ₹8.75 lakhs)
  • Net Profit: ₹176.14 lakhs (FY2025: ₹97.21 lakhs)
  • EPS: ₹1.47 (FY2025: ₹0.81)
  • Total Assets: ₹5,096.21 lakhs
  • Total Equity: ₹4,512.10 lakhs
  • Total Liabilities: ₹584.11 lakhs

Shareholding Pattern (as at 31st March, 2026)

  • Public Shareholding: 5,346,636 shares (44.55%)
  • Promoter & Promoter Group: 6,654,534 shares (55.45%)
  • No pledged/encumbered shares
  • Total shares: 12,001,170

Investor Complaints

  • No pending complaints at beginning of quarter
  • No complaints received during quarter
  • No complaints disposed during quarter
  • No unresolved complaints at end of quarter

Segment Reporting (Standalone)

The company operates in multiple segments including Trading/Agency Business and Real Estate Development.

Auditor's Qualified Opinion

VVG & Co., Chartered Accountants issued a qualified opinion with three main qualifications:

1. Ind AS 109 Non-compliance: Non-current investments in equity shares (other than subsidiary, associates and joint ventures) amounting to ₹1,201.80 lakhs are recognized at cost instead of fair value as required by Ind AS 109. Financial impact of difference between fair value and cost cannot be quantified.

2. Doubtful Debts: Total outstanding debtors of ₹52.66 lakhs include ₹38.54 lakhs due for more than six months with no provision made.

3. Legal Dispute Provision: Ongoing case with Superior Fabrics Private Limited where:

  • Arbitrator awarded ₹67.81 lakhs to claimant (January 15, 2024)
  • Company appealed to Delhi High Court (dismissed April 15, 2024)
  • Company filed appeal in Division Bench of Delhi High Court
  • No provision made for ₹345.20 lakhs project costs (shown as inventory)
  • No provision made for ₹105.00 lakhs advances for disputed project
  • Total exposure: ₹450.21 lakhs

Emphasis of Matter

Auditors highlighted:

  • Balances of debtors, creditors, advances & loans subject to confirmation and reconciliation
  • Reliance on management certification for inventory quantity, pricing and valuation
  • Unable to comment on physical verification of Property, Plant & Equipment

Management Response to Qualifications

Management stated that present cost of financial instruments represents value close to fair market value and company is in process to get fair market valuation done.