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.

Rajasthan Tube Manufacturing Company Limited has re-appointed Mr. Mahendra Soni and Mr. Ranjeet Kumar Pandey as Additional Directors effective May 30, 2026. The Board of Directors approved the re-appointments during its meeting held on May 30, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. The directors will hold office up to the date of the ensuing General Meeting, which must be held within three months from the date of appointment, or the last date on which the Annual General Meeting should have been held, whichever is earlier.

The re-appointments follow the expiration of the previous terms of Mr. Mahendra Soni and Mr. Ranjeet Kumar Pandey. Mr. Soni's prior term as Additional Director expired on March 24, 2026, while Mr. Pandey's term expired on October 31, 2025. The company stated that the approval of shareholders could not be obtained within the prescribed time limit under the Companies Act, 2013, leading to the vacancies. The Board has recorded its appreciation for the services rendered by both directors during their previous tenures.

Mr. Mahendra Soni has been re-appointed as an Additional Director. He is a B.Com graduate from Rajasthan University and holds PAN No. BMSPS5273A. The company disclosed that Mr. Soni does not hold any shares in the company. His appointment is made under the provisions of Section 149, 150, 152 read with Schedule IV and Section 161(1) read with Companies (Appointment and Qualification of Directors) Rules, 2014, and other applicable provisions of the Companies Act, 2013.

Mr. Ranjeet Kumar Pandey has been re-appointed as an Additional Director in the category of Non-Executive & Independent Director. He is qualified with a B.Com and LLB from Ranchi College and holds PAN No. AGVPP6972H. The company disclosed that Mr. Pandey does not hold any shares in the company. His appointment is also made under the provisions of Section 149, 150, 152 read with Schedule IV and Section 161(1) read with Companies (Appointment and Qualification of Directors) Rules, 2014, and other applicable provisions of the Companies Act, 2013.

The Board has taken note of the consent furnished by both directors in Form DIR-2 to act as directors of the company. The directors also submitted declarations confirming that they are not disqualified from being appointed as directors pursuant to Section 164 of the Companies Act, 2013. The company secretary has been authorized to intimate the Stock Exchanges regarding the appointments and to submit all necessary disclosures and filings.

Details of Re-appointment