Rajasthan Tube Manufacturing Company Limited has reported a net profit of ₹2.85 lakh for the quarter ended June 30, 2026 (Q1FY27), reversing a net loss of ₹109.91 lakh recorded in the same period of FY25. Income from operations stood at ₹5.56 lakh for the current quarter, compared to ₹1,344.97 lakh in Q1FY26.

The company’s Board of Directors approved the unaudited standalone financial statements during a meeting held on August 15, 2026, at its registered office. The meeting commenced at 5:00 pm and concluded at 5:45 pm. Directors considered and took on record the quarterly results along with the limited review report from the auditors.

Financial Performance

Total expenses for the quarter were ₹2.72 lakh, comprising finance expenses of ₹0.36 lakh, depreciation and amortization of ₹1.28 lakh, and other expenses of ₹1.08 lakh. There were no costs of materials consumed or employee benefits recorded in the quarter. The company did not incur any tax expense for the period.

Audit and Compliance

The financial results were reviewed by Kapil Kumar Agarwal & Associates, Chartered Accountants, based in Jaipur. In their limited review report dated August 14, 2026, the auditors stated that nothing had come to their attention to suggest that the standalone financial results failed to disclose information required under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, or contained any material misstatement.

The auditors noted that the results were prepared in accordance with Indian Accounting Standards prescribed under Section 133 of the Companies Act. FCA Rajeev Sharma, Partner at Kapil Kumar Agarwal & Associates, signed the report.

Regulatory Filings

The disclosure was made pursuant to Regulation 33 of the SEBI LODR Regulations, 2015. The company’s Whole-time Director, Pankaj Jain (DIN: 11098222), digitally signed the communication to the Bombay Stock Exchange Limited.

The previous quarter’s results (ended March 2026) were reviewed by M/s Bakliwal & Co, Chartered Accountants, who expressed an unmodified opinion. As per Note 4 to the financial results, the figures for the three months ended March 31, 2026, are arrived at as the difference between audited figures for the full financial year and unaudited figures up to nine months ended December 31, 2025.

Rajasthan Tube Manufacturing Company Limited has scheduled its Extraordinary General Meeting (EGM) for Thursday, August 20, 2026, at 3:00 PM IST via video conferencing, seeking shareholder approval for a ₹93.15 crore preferential allotment of convertible equity share warrants to 53 public investors. The company subsequently filed copies of newspaper advertisements with BSE on July 29, 2026, confirming that the EGM notice was published in Financial Express (English edition) and Nafanuksan (Hindi edition), in compliance with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was signed by Whole Time Director Pankaj Jain (DIN: 11098222).

The capital raise, priced at ₹15 per warrant with a ₹14 premium, aims to fund working capital requirements of ₹74.52 crore and general corporate purposes of ₹18.63 crore within 24 months. Remote e-voting will commence on Monday, August 17, 2026, from 9:00 AM IST and conclude on Wednesday, August 19, 2026, at 5:00 PM IST, with the cut-off date for eligibility fixed as Thursday, August 13, 2026.

The Board also seeks ratification for the regularization of Mahendra Soni and Ranjeet Kumar Pandey as Independent Directors for five-year terms effective from May 30, 2026, alongside amendments to the Memorandum of Association (MOA) and Articles of Association (AOA) to align with the Companies Act, 2013. Ms. Prachi Bansal, Practising Company Secretary (Membership No. A43355), has been appointed as the Scrutinizer for the meeting pursuant to Section 108 of the Companies Act, 2013. The notice confirms compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Warrant Issue Structure

The issuance follows SEBI ICDR Regulations, 2018, with Tuesday, July 21, 2026, designated as the relevant date for pricing. Investors must pay 25% of the issue price (₹23.29 crore total) upon allotment, with the remaining 75% (₹69.86 crore) payable upon conversion within an 18-month exercise period. Failure to exercise warrants results in forfeiture of the subscription amount. The warrants carry no voting rights until converted into equity shares, which will rank pari-passu with existing shares. As the raise is under ₹100 crore, no monitoring agency has been appointed for use of proceeds.

The following table summarises the key parameters of the warrant issue:

Investor Participation and Allottees

The allotment involves 53 investors, including individuals, Hindu Undivided Families (HUFs), and private limited companies. Significant post-conversion stakes will be held by Chanchal (5.29%), Nidhi Naresh Nandu (4.63%), and Pushpa Bhaju (3.64%). The company has disclosed beneficial ownership details for corporate allottees, including ESPS Finserve Pvt Ltd (Ashok Kumar Singh, Devjeet Chakraborty) and Wordexx Ventures Pvt Ltd (Santosh Dubey, Shweta Ashok Singh). No monitoring agency was appointed as the raise does not exceed ₹100 crore.

Corporate Governance Updates

Mahendra Soni, holding a Bachelor of Commerce degree, and Ranjeet Kumar Pandey, with BCOM and LLB degrees, were appointed as Additional Directors on May 30, 2026. Their regularization requires shareholder approval via special resolution under Section 149 of the Companies Act, 2013. Both directors meet independence criteria under Section 149(6) and Regulation 16(1)(b) of the SEBI Listing Regulations. The Board also proposes adopting new MOA and AOA documents to replace those based on the erstwhile Companies Act, 1956, ensuring conformity with current statutory requirements without altering the company's main objects.