Raasi Refractories Limited announced its 44th Annual General Meeting (AGM) scheduled for September 30, 2026, at 11:00 am. The meeting will be conducted via Video Conferencing or Other Audio Visual Means (OAVM) in compliance with Ministry of Corporate Affairs circulars.

Key Agenda Items

The AGM will address ordinary business, including the adoption of audited financial statements for the fiscal year ended March 31, 2026. Shareholders will also vote on the reappointment of Managing Director Venkanna Konda, who retires by rotation.

Board Appointments

Several special resolutions seek shareholder approval for new board appointments:

• Ms. Kavitha Dodd (DIN: 11642038): Proposed appointment as a Non-Executive Director and Woman Director. She holds a postgraduate degree in Fashion Designing and was initially appointed as an Additional Director on May 30, 2026.
• Mr. Voruganti Eswaraiah (DIN: 11904728): Proposed appointment as an Independent Director for a term of five consecutive years starting September 30, 2026. He brings expertise in finance and business management from his fertilizer business.
• Mrs. Lakshmamma Gattu (DIN: 11904860): Proposed appointment as a Non-Executive Director liable to retire by rotation.

Secretarial Auditor Appointment

The company seeks approval to appoint M/s Moganti Sundeev & Associates, represented by Mr. Sundeev Moganti (Membership No. 72582), as the Secretarial Auditor. The tenure is set for five consecutive years, from the conclusion of this AGM until the conclusion of the 49th AGM.

Voting and Participation Details

Remote e-voting will be facilitated by Central Depository Services (India) Limited (CDSL). The voting window opens on September 27, 2026, at 10:00 am and closes on September 29, 2026, at 5:00 pm. The cut-off date for shareholding eligibility is September 23, 2026.

Shareholders holding shares in demat mode with CDSL or NSDL can log in through their respective depository portals using single login credentials. Physical shareholders and non-individual demat holders must use the CDSL e-voting website directly.

Mr. Pavan Kumar Bhattiprolu (Membership No. FCS 5399) has been appointed as the Scrutinizer to oversee the voting process. Results will be declared at the company's registered office in Hyderabad upon receipt of the Scrutinizer's report.

Raasi Refractories Limited delivered a strong financial turnaround in the first quarter of FY27, reporting a net profit of ₹41.21 lakh compared to a profit of ₹27.60 lakh in Q1FY26. This represents a year-on-year growth of nearly 50%, driven by a significant expansion in revenue and operational efficiency following a loss-making fourth quarter.

The company’s revenue from operations surged to ₹1,448.48 lakh in Q1FY26, up from ₹1,084.21 lakh in the same period last year. This top-line growth helped offset the challenges faced in the previous quarter, where the firm posted a net loss of ₹208.09 lakh despite revenue of ₹1,054.42 lakh.

Financial Performance Overview

The standalone results highlight a clear divergence between the current quarter and the immediate past period. While revenue grew steadily from Q4FY26 to Q1FY27, profitability swung sharply from negative to positive territory.

For the full year ended March 31, 2026, Raasi Refractories reported total revenue of ₹5,523.00 lakh and a net profit of ₹10.70 lakh. The equity share capital remained unchanged at ₹47.13 lakh.

What the Numbers Show

The most notable aspect of the Q1FY27 results is the volatility in earnings relative to revenue stability. In Q4FY26, the company incurred a substantial pre-tax loss of ₹206.68 lakh on revenue of ₹1,054.42 lakh. In contrast, Q1FY27 saw a return to profitability with a pre-tax profit of ₹41.21 lakh on higher revenue of ₹1,448.48 lakh. This suggests that the losses in the previous quarter were likely driven by specific cost pressures or one-off items rather than structural revenue decline, as the core business generated sufficient income in Q1FY27 to restore profitability without a proportional spike in sales volume compared to FY26 levels.

The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on August 14, 2026. The full format of the financial results is available on the BSE website.