Rajapalayam Mills Limited has scheduled its 90th Annual General Meeting (AGM) for August 28, 2026, at 11:00 AM, to be conducted via Video Conferencing or Other Audio Visual Means. The meeting aims to seek shareholder approval for the financial results of FY26, a dividend declaration of ₹0.50 per share, and omnibus related-party transactions. The notice was published in Dinamani and Business Line newspapers on August 5, 2026, confirming the date and mode of the meeting in compliance with SEBI LODR Regulations and the Companies Act, 2013.

The company reported a standalone net loss after tax of ₹1,512.38 lakhs for FY26, a significant improvement from the ₹5,020.47 lakh loss in FY25. Revenue from operations rose to ₹96,688.76 lakhs from ₹92,405.99 lakhs. Consolidated profit before share of associates surged to ₹11,436.13 lakhs from ₹1,704.52 lakhs, driven by associate contributions. Shareholders will also vote on the re-appointment of directors A.V. Dharmakrishnan and S.S. Ramachandra Raja.

Financial Performance Overview

The financial data highlights a divergence between standalone challenges and consolidated strength. While the standalone entity posted a loss, the consolidated group benefited significantly from associate companies like The Ramco Cements Limited and Ramco Industries Limited. Operating Profit (EBITDA) grew robustly to ₹14,636.77 lakhs from ₹9,881.61 lakhs.

AGM Resolutions and Related-Party Transactions

Key resolutions include the adoption of financial statements and approval of omnibus related-party transactions totaling up to ₹600 crore with four group entities for FY27. These involve Ramco Industries Limited, Sandhya Spinning Mill Limited, Sri Vishnu Shankar Mill Limited, and The Ramaraju Surgical Cotton Mills Limited. Directors P.R. Venketrama Raja, Smt. P.V. Nirmala Raju, and Shri P.V. Abinav Ramasubramainam Raja have disclosed interests in these transactions.

Voting Procedures and Deadlines

Remote e-voting will be available via the Central Depository Services (India) Limited (CDSL) platform from 9:00 AM on August 25, 2026, to 5:00 PM on August 27, 2026. The cut-off date for voting eligibility is August 21, 2026. Shareholders holding shares on this date may vote electronically. Those who vote remotely cannot vote again during the live session. Physical notices are not being dispatched as part of the company’s green initiative; instead, links and QR codes were sent via email on August 4, 2026.

Tax Compliance for Dividends

Dividend income is taxable under the Income Tax Act, 2025. Resident individuals not liable to pay income tax must submit Form No. 121 to investorgrievance@ramcotex.com by August 13, 2026, to avoid tax deduction at source. Failure to register PAN results in a higher TDS rate of 20%. Non-resident shareholders seeking treaty benefits must submit Tax Residency Certificates by the same deadline.

Rajapalayam Mills Limited delivered a strong quarterly performance, with Q4 EBITDA rising to ₹298M rupees compared to ₹193M in the same period last year, reflecting a year-on-year improvement. The EBITDA margin expanded to 11.10% from 8.70% in the corresponding quarter, signalling improved operational efficiency. On a consolidated basis, the company reported a net profit of ₹296M rupees for Q4, reversing a loss of ₹46M in the year-ago period. Quarterly consolidated revenue also grew meaningfully, reaching ₹2.7B rupees versus ₹2.2B rupees in the prior-year quarter.

For the full financial year ended March 31, 2026, the company reported a consolidated net profit of ₹11,436.13 lakh, a significant turnaround from ₹1,704.52 lakh in the previous year. The improvement was largely driven by the share of net profit from associates, which amounted to ₹13,709.83 lakh for the year. The board of directors recommended a dividend of ₹0.50 per equity share of ₹10 each for FY26, subject to shareholder approval at the upcoming Annual General Meeting.

Standalone Financial Performance

The standalone financial results showed a net loss of ₹1,512.38 lakh for FY26, compared to a net loss of ₹5,020.47 lakh in the previous year, indicating a narrowing of losses. Total standalone income for the year rose to ₹96,688.76 lakh from ₹92,405.99 lakh in FY25. The standalone net loss for the quarter ended March 31, 2026, was ₹344.22 lakh, an improvement from a loss of ₹1,366.96 lakh in the corresponding quarter of the previous year.

Consolidated Performance

The consolidated results include the financial performance of associates such as The Ramco Cements Limited, Ramco Industries Limited, and Ramco Systems Limited. Total consolidated income for FY26 stood at ₹95,927.45 lakh, up from ₹91,538.75 lakh in the previous year. The profit before tax for the consolidated entity was ₹2,788.49 lakh for the year, a substantial improvement from the loss before tax of ₹7,535.62 lakh in FY25.

The following table summarises the key financial metrics for FY26:

Q4 Highlights

The quarterly performance metrics underscore the company's improving trajectory. Key Q4 figures are presented below:

Segment Results

The Textiles segment reported a profit before finance cost and tax of ₹2,970.25 lakh for FY26, recovering from a loss of ₹916.91 lakh in the previous year. The Wind Mills segment contributed a profit of ₹2,960.98 lakh. The total capital employed by the company stood at ₹41,675.91 lakh on a standalone basis and ₹2,42,778.54 lakh on a consolidated basis as of March 31, 2026.

Financial Position and Cash Flows

The company's standalone net worth decreased to ₹41,675.91 lakh as of March 31, 2026, from ₹43,057.19 lakh a year earlier. Borrowings, including current maturities of long-term borrowings, stood at ₹65,756.08 lakh in current liabilities and ₹48,391.06 lakh in non-current liabilities. Net cash generated from operating activities for the standalone entity was ₹6,551.73 lakh for FY26. The board has scheduled the 90th Annual General Meeting for August 28, 2026, via video conferencing. The statutory auditors issued an unmodified opinion on the standalone and consolidated annual financial results for the year ended March 31, 2026.