Promoters of Rachana Infrastructure held 1.27 crore shares, accounting for 68.32% of the total paid-up capital as on March 31, 2026. The group confirmed that no shares were encumbered, directly or indirectly, during the financial year ended March 31, 2026. The disclosure was filed by Girishkumar Ochchhavlal Raval on behalf of the promoters, promoter group, and persons acting in concert (PAC) under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

Shareholding Breakdown

The total promoter and promoter group holding stood at 12,710,329 shares. Girishkumar Ochchhavlal Raval held the largest stake within the group, possessing 6,130,781 shares, which translates to 32.95% of the company's total share capital. Other significant individual shareholders included Jaydeep Girishbhai Raval and Brijesh Girishbhai Raval, holding 8.53% and 8.07% respectively.

Detailed Holdings

The filing was addressed to the National Stock Exchange of India Limited and dated April 6, 2026. The document explicitly states that the promoters have not created any charges on the held shares during the specified financial year.

Rachana Infrastructure Limited has reported a significant improvement in its standalone financial performance for the year ended March 31, 2026, with net profit more than doubling year-on-year. The Board of Directors, at their meeting held on May 30, 2026, reviewed and approved the audited standalone financial results pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The statutory audit was conducted by M/S. B.J Patel and J.L Shah, Chartered Accountants (FRN: 104148W), who issued an unmodified/unqualified audit opinion on the annual results.

Financial Performance: Strong Revenue and Profit Growth

The company recorded robust growth across key financial metrics for FY 2025-26. Revenue from operations rose sharply to ₹13,794.94 lakhs from ₹9,415.74 lakhs in the prior year. Total revenue for the year stood at ₹14,051.88 lakhs, compared to ₹9,686.73 lakhs previously. Net profit climbed to ₹1,012.72 lakhs from ₹410.33 lakhs, reflecting strong operational leverage. The following table summarises the key financial results:

Balance Sheet and Cash Flow Highlights

The company's total assets stood at ₹12,636.03 lakhs as at March 31, 2026, compared to ₹12,159.83 lakhs in the prior year. Shareholders' funds comprised share capital of ₹1,860.50 lakhs and reserves and surplus of ₹8,943.21 lakhs. Cash and cash equivalents improved significantly to ₹811.60 lakhs from ₹395.16 lakhs. Net cash generated from operating activities for FY 2025-26 was ₹979.30 lakhs, a marked turnaround from a net utilisation of ₹48.61 lakhs in the prior year. Trade receivables increased to ₹3,136.47 lakhs from ₹2,328.55 lakhs, while long-term borrowings declined to ₹198.01 lakhs from ₹615.72 lakhs.

Segment Performance

The company is primarily engaged in Infrastructure Projects and Quarry Mining. The management noted that trading as a separate segment no longer holds significance considering the quantum of business operations, and has accordingly excluded it from segment reporting from the current year onwards. Segment-wise performance for the half year ended March 31, 2026 is as follows:

Board Decisions: Auditor Appointments and Key Corporate Actions

At the Board meeting held on May 30, 2026, the following key decisions were taken in addition to the approval of financial results:

• Secretarial Auditor: M/s. Mukesh H. Shah & Co., Company Secretaries, Ahmedabad, appointed as Secretarial Auditors for FY 2026-27. The firm is led by Mr. Mukesh Himatlal Shah (M.No.: 5827) with more than 20 years of experience in Corporate Laws, FEMA, Securities Law, and related areas, and holds a Peer Review Certificate with CoP No.: 2213.
• Cost Auditor: M/s. Dalwadi and Associates, Cost Accountants, appointed as Cost Auditors for FY 2026-27. The firm is led by CMA Ashwin G. Dalwadi with more than five decades of experience in Cost and Management Accountancy across diversified industries.
• Company Secretary Resignation: The Board accepted the resignation of Ms. Himali Maheshbhai Thakkar as Company Secretary and Compliance Officer, effective from the close of business hours on June 25, 2026. The resignation was tendered on personal grounds.

Contingent Liabilities and Auditor Emphasis of Matter

The company's total contingent liabilities as at March 31, 2026 stood at ₹5,360.333 lakhs, compared to ₹5,046.263 lakhs as at March 31, 2025. Key items include guarantees to banks and financial institutions of ₹2,323.06 lakhs, GST-related demands for Maharashtra (FY 2019-20 and FY 2020-21) of ₹2,339.90 lakhs, and Geology and Mining Department demands of ₹165.80 lakhs. The statutory auditors drew attention to an advance given for a joint venture land acquisition where partial recovery is pending, with the company deciding to file a civil suit for recovery. The auditors also noted an Administrative Warning letter dated May 19, 2026 issued by SEBI for non-compliance with Regulation 245(1) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, relating to incorrect reporting of the Order Book in the prospectus dated May 09, 2022. The audit opinion was not modified in respect of these matters.

The following table presents the detailed contingent liabilities breakdown: