Rajasthan Cylinders and Containers Limited reported a net loss of ₹101.49 lakh for the financial year ended March 31, 2026, narrowing from a loss of ₹147.46 lakh in the previous year. The company’s Board of Directors approved the standalone audited financial results for the quarter and year ended March 31, 2026, during a meeting held on May 26, 2026. The approval was granted pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The statutory auditors, S R Goyal & Co, issued a qualified opinion on the standalone financial results. The auditors highlighted a material uncertainty related to the company's ability to continue as a going concern. This uncertainty arises because the company has closed its manufacturing operations due to unsatisfactory performance and continued operational losses, and has disposed of its plant and machinery. However, the Board has accorded consent to appoint a consultant for setting a new project, and the financial statements have been prepared on a going concern basis.

Key Audit Qualifications

The auditors identified several matters leading to the qualified opinion:

• MSME Interest: The interest payable under Section 16 of the MSMED Act, 2006 on overdue amounts to micro and small enterprises has not been ascertained or provided for.
• Related Party Receivables: Loans and advances include ₹230.50 lakh receivable from related parties. In the absence of any agreement and repayment terms, the auditors were unable to comment on the recoverability of this amount.
• Confirmations Pending: Balances of trade payables, financial assets, advances, loans given, interest receivable, and unsecured loans taken are subject to confirmation and consequential adjustments.
• Deferred Tax Assets: The company recognized deferred tax assets amounting to ₹650.76 lakh as of March 31, 2026. Due to the company's history of losses and lack of operational segments, the auditors could not comment on the adjustments required to the carrying value of these assets.

Financial Performance

The company reported no revenue from operations for the year ended March 31, 2026. Total income stood at ₹114.50 lakh, driven entirely by other income. Total expenses for the year were ₹253.43 lakh. The loss per share for the year was (₹3.02).

The company has entered into an agreement for the disposal of leasehold land measuring 6627.30 square meters, subject to approval, and has received an advance of ₹1009 lakh. The financial results were reviewed by the Audit Committee and approved by the Board.

Rajasthan Cylinders and Containers Limited is not required to submit disclosures of related party transactions for the half year ended March 31, 2026. The company confirmed its exemption in a regulatory filing submitted to BSE Limited on May 26, 2026, citing specific criteria under the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The exemption stems from Regulation 15(2) of Chapter IV of the Listing Regulations, which states that Regulation 23 regarding related party transactions does not apply to certain classes of companies. Specifically, the regulation exempts listed entities with a paid-up equity share capital not exceeding ₹10 crore and a net worth not exceeding ₹25 crore as on the last day of the previous financial year.

Rajasthan Cylinders and Containers Limited falls within the ambit of this exemption. As on March 31, 2025, the company's financial metrics were well below the prescribed limits, allowing it to bypass the mandatory disclosure requirements for the period.

Financial Position as on March 31, 2025

Consequently, the company is not obligated to provide the disclosures required under Regulation 23(9) of the Listing Regulations for the half year ended March 31, 2026. The confirmation was signed by Neha Dusad, Company Secretary and Compliance Officer.