Raasi Refractories Limited reported a net profit of ₹10.70 lakh for the financial year ended March 31, 2026, compared to ₹8.91 lakh in the previous year. Revenue from operations for FY26 stood at ₹5,523.00 lakh, an increase from ₹3,571.93 lakh in FY25. The board also appointed Ms. Kavitha Doddi as an Additional Director (Woman Director) effective May 30, 2026.

The board meeting, held on May 30, 2026, approved the audited financial results for the quarter and year ended March 31, 2026. M/s Narasimha Rao & Associates, Chartered Accountants, issued an audit report with an unmodified opinion on the financial results. The meeting was conducted pursuant to Regulation 30 read with Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance for FY26

The company's total income for the year rose to ₹5,911.40 lakh from ₹3,672.88 lakh in the prior year. Total expenses for FY26 were reported at ₹5,892.41 lakh. For the quarter ended March 31, 2026, the company reported a net loss of ₹208.09 lakh, with revenue from operations at ₹1,054.42 lakh.

Board Appointment and Governance

Ms. Kavitha Doddi was appointed as an Additional Director (Woman Director) with effect from May 30, 2026. She holds a Postgraduate Degree in Fashion Designing and is related to the Managing Director, Venkanna Konda, as his spouse. The appointment is expected to strengthen the company's governance framework and commitment to sustainable growth.

Auditor's Report

The statutory auditors, M/s Narasimha Rao & Associates (Firm Reg No: 2336S), noted that the company used accounting software for the financial year ended March 31, 2026, which did not have a feature for recording an audit trail (edit log) facility throughout the year. The auditors stated that their opinion is not modified in respect of this matter.

Raasi Refractories Limited has announced the appointment of Mr. Mahesh Vaddepalli as Chief Financial Officer and Key Managerial Personnel, effective 24th April 2026. The appointment was approved by the Board of Directors in their meeting held on 24th April 2026, following recommendations from the Nomination and Remuneration Committee and Audit Committee.

Appointment Details

The company has informed the BSE Limited about this key managerial personnel change in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The appointment represents a strategic addition to the company's leadership team as it continues to strengthen its financial management capabilities.

Professional Background

Mr. Mahesh Vaddepalli brings substantial expertise as a result-oriented finance professional with a robust background in taxation, auditing, and corporate compliance. His experience includes practical work at KBR & Associates as an Assistant, where he developed a deep understanding of fiscal regulations and their impact on business profitability.

The new CFO possesses proven expertise in several key areas:

• Tax Strategy & Compliance: Comprehensive understanding of fiscal regulations
• Financial Reporting & MIS: Strategic financial management and reporting systems
• Cash Flow & Liquidity Management: Optimizing financial resources and cash flows
• Audit & Internal Controls: Maintaining financial integrity and compliance frameworks

Educational Qualifications

Mr. Vaddepalli holds a Bachelor's degree in Commerce (B.Com), providing him with a comprehensive academic foundation in Financial Accounting, Business Law, and Economics. This educational background complements his practical experience in the finance sector.

Strategic Impact

As a strategic thinker dedicated to maintaining financial integrity, Mr. Vaddepalli is expected to serve as a key advisor to executive leadership on sustainable growth initiatives. His appointment aligns with the company's focus on strengthening its financial management capabilities and ensuring robust corporate governance practices.

The appointment reflects Raasi Refractories Limited's commitment to enhancing its leadership team with experienced professionals who can contribute to the company's continued growth and operational excellence in the refractories sector.