Promoters of Rajasthan Tube Manufacturing Company Limited have disclosed the disposal of equity shares during the financial year ended March 31, 2026, in compliance with Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure was submitted to the Bombay Stock Exchange Limited and the Department of Corporate Affairs on June 10, 2026. Harish Chand Jain, a promoter, made the filing on behalf of the promoters, promoter group, and Persons Acting in Concert (PAC).

The filing reveals that while the group is providing the required declaration, they have not held control over the company's affairs since June 28, 2025. Harish Chand Jain stated that they have already applied for the removal of their names from the list of the promoter group. However, the declaration is being submitted because their names have not yet been officially removed from the promoter list as of the filing date.

The specific share transactions conducted by the promoters during the period are detailed in the annexure to the filing. The document outlines the number of shares sold by each promoter and their respective holdings as of March 31, 2026.

Shareholding Details

The following table summarizes the share sales and closing holdings for the promoters and promoter group:

The submission was digitally signed by Pankaj Jain, Whole Time Director of Rajasthan Tube Manufacturing Company Limited, on June 10, 2026. The declaration confirms that the shares held by the promoters were not encumbered during the financial year.

Rajasthan Tube Manufacturing Company Limited reported a net profit of ₹123.69 lakh for the financial year ended March 31, 2026, a significant increase of 153.86% from ₹48.73 lakh in the previous year. The company, however, posted a net loss of ₹56.43 lakh for the quarter ended March 31, 2026, as operations remained suspended with no revenue recorded from production. The full-year profitability was driven by the sale of old stock and cost reduction measures, even as total revenue for the year declined by 69.85% to ₹1,701.45 lakh from ₹5,643.10 lakh in FY25.

The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 30, 2026. The results were reviewed by the audit committee and subjected to a limited review by the statutory auditors, Bakliwal & Co. The company stated that no production activities were carried out during the quarter ending March 31, 2026, and revenue for the period was nil compared to ₹796.88 lakh in the same period last year.

Auditor Observations

Bakliwal & Co., the statutory auditors, highlighted a material observation regarding tax compliance in their report. The auditors noted that while the company had filed GSTR-1 returns, the corresponding GSTR-3B returns had not been filed, and the GST liability pertaining to these returns had not been discharged. Additionally, GST returns for the period from February to March were not filed within the prescribed timelines. Despite these observations, the auditors stated that their opinion on the financial results was not modified.

Financial Performance

The company's financial performance for the quarter was impacted by the halt in production. Total expenses for the quarter were significantly lower at ₹5.22 lakh, down from ₹684.78 lakh in the corresponding quarter of the previous year, primarily due to the absence of material consumption and manufacturing costs. For the full year, total expenses reduced to ₹1,526.55 lakh from ₹5,592.37 lakh in the previous year.

Key Financial Metrics (₹ in Lacs)

Balance Sheet Position

The company's balance sheet as of March 31, 2026, showed total assets of ₹1,134.51 lakh, a decrease from ₹1,937.27 lakh in the previous year. This reduction was largely driven by a decline in current assets, which fell to ₹774.66 lakh from ₹1,577.42 lakh, primarily due to a decrease in inventories to nil from ₹874.97 lakh. Total equity improved to ₹1,000.50 lakh from ₹876.75 lakh, supported by the annual profit accumulation. Current liabilities decreased substantially to ₹131.43 lakh from ₹1,014.24 lakh, while non-current liabilities also reduced to ₹2.58 lakh from ₹46.28 lakh.