Raja Bahadur International has submitted its 100th Annual Report and the Notice of Annual General Meeting (AGM) for the financial year 2025-26 to the Bombay Stock Exchange (BSE). The submission was made pursuant to Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, on August 24, 2026.

The company scheduled its 100th AGM for September 17, 2026, at 3:00 pm IST. The meeting will be conducted via Video Conferencing or Other Audio Visual Means (VC/OAVM) in compliance with Ministry of Corporate Affairs (MCA) circulars. The registered office of the company in Mumbai will be deemed the venue for the meeting.

Shareholder Communication

In addition to the AGM filing, Raja Bahadur International dispatched letters to shareholders whose email addresses are not registered with the company, registrar, or depository participants. This action was taken in accordance with Regulation 30 and Regulation 36(1)(b) of the SEBI Listing Regulations, 2015. The letters provide a web link to access the complete Annual Report for FY26 on the company website.

The company also reminded physical security holders to update their KYC details, including PAN, address, mobile number, bank account details, specimen signature, and nomination choice, as mandated by SEBI Master Circular No. SEBI/HO/MIRSD/POD-1/P/CIR/2024/37 dated May 7, 2024. Shareholders holding physical securities without updated KYC details are eligible to receive payments only through electronic mode from April 1, 2024.

Ordinary Business

Shareholders will transact ordinary business including the adoption of the audited standalone and consolidated financial statements for FY26. Additionally, Mr. Nayan Chandrasinh Mirani (DIN: 00045197), who retires by rotation, offers himself for reappointment as a director.

Special Resolutions

The agenda includes several special resolutions concerning board appointments and remuneration:

• Reappointment of Chairman & Managing Director: Mr. Shridhar Pittie (DIN: 00562400) will be reappointed for a three-year term effective June 30, 2026. His proposed remuneration includes a basic salary of ₹11,00,000 per month, rising to ₹12,00,000 from July 1, 2027, plus a 1% commission on net profits and specified perquisites.
• Reappointment of Independent Director: Mr. Sandeep Gokhale (DIN: 00693885) will be reappointed for a second five-year term from November 11, 2026, to November 10, 2031.
• Remuneration Revision for Executive Directors: The pay packages for Executive Directors Mr. Umang Pittie and Mr. Vaibhav Pittie will be revised with effect from April 1, 2026. Both will receive a monthly salary of ₹4,60,000, a house rent allowance of 40% of salary, and an annual special allowance of ₹3,00,000.

Financial Performance Context

The company reported a turnover of ₹2,865.13 lakh in FY26, up from ₹2,774.66 lakh in FY25. Net profit stood at ₹134.00 lakh in FY26, reversing a loss of ₹92.95 lakh recorded in the previous year. Earnings before interest, depreciation, and taxes (EBIDT) rose to ₹2,145.03 lakh, reflecting an EBIDT margin of 74.87%.

What the Numbers Show

The return to profitability in FY26 coincides with a 1.7 percentage point expansion in the EBIDT margin compared to FY25. This margin improvement occurred alongside a modest 3.3% increase in turnover, suggesting that cost efficiency or mix improvement drove the turnaround rather than volume growth alone.

Voting Details

Remote e-voting will be facilitated by National Securities Depository Limited (NSDL). The voting window opens on September 14, 2026, at 9:00 am and closes on September 16, 2026, at 5:00 pm. Shareholders on record as of September 10, 2026, are eligible to vote. Ms. Jigyasa N. Ved or failing her Mr. J. U. Poojari of M/s Parikh & Associates has been appointed as the Scrutinizer for the e-voting process.

Raja Bahadur International Limited returned to profitability in the financial year ended March 31, 2026, reporting a consolidated net profit of ₹124.48 lakh compared to a net loss of ₹96.44 lakh in the previous year. The company's revenue from operations for FY26 stood at ₹2,865.13 lakh, a marginal increase from ₹2,774.66 lakh in FY25. The turnaround was driven by a significant reduction in finance costs, which fell to ₹1,513.32 lakh from ₹1,667.34 lakh in the prior year, alongside a rise in other income to ₹831.99 lakh.

The Board of Directors at its meeting held on May 26, 2026, adopted the audited financial statements for the fourth quarter and financial year ended March 31, 2026. The auditors, Jain P.C. and Associates, issued an unmodified opinion on the standalone and consolidated financial results. The company noted that due to the nature of its real estate business, profits do not necessarily accrue evenly over the period, and quarterly results may not be representative of the annual performance.

Standalone Financial Performance

On a standalone basis, the company reported a net profit of ₹130.91 lakh for FY26, recovering from a net loss of ₹94.78 lakh in the previous year. Total income for the year increased to ₹3,697.09 lakh from ₹3,056.37 lakh in FY25. For the quarter ended March 31, 2026, the standalone net profit was ₹77.98 lakh, while total income stood at ₹814.71 lakh.

Consolidated Financial Results

The consolidated financial results include the performance of subsidiaries Raja Bahadurs Realty Limited and Samvurdhana Realty Private Limited. The Group's share of total net loss after tax for these subsidiaries was ₹5.24 lakh and ₹1.19 lakh respectively for the period from April 1, 2025, to March 31, 2026. Earnings per share (EPS) on a consolidated basis for FY26 was ₹51.03, compared to a negative EPS of ₹37.84 in the previous year.

Borrowings and Liquidity

The company's outstanding qualified borrowings increased to ₹293.38 crore at the end of FY26 from ₹198.60 crore at the start of the financial year. Incremental qualified borrowing during the year amounted to ₹94.82 crore. The company did not undertake any borrowings by way of issuance of debt securities during the year. Cash and cash equivalents as of March 31, 2026, stood at ₹2,617.73 lakh on a consolidated basis.