Rajnandini Metal Limited has appointed Mr. Pradeep Kumar Verma as an Additional Non-Executive Independent Director for a term of five years effective June 08, 2026, subject to shareholder approval. The appointment was approved by the Board of Directors during its meeting held on June 08, 2026, following a recommendation from the Nomination and Remuneration Committee. The new director will serve until June 07, 2031, pending ratification by members in the ensuing General Meeting.

The Board confirmed that Mr. Verma is not debarred from holding the office of director by virtue of any SEBI order or any other authority, in compliance with NSE Circular NSE/CML/2018/24 dated June 20, 2018. The company disclosed the brief profile of the appointee as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular CIR/CFD/CMD/4/2015 dated September 09, 2015.

Director Profile

Mr. Pradeep Kumar Verma holds a Master of Commerce (M. Com) degree from the University of Rajasthan, Jaipur. He is an Associate Member of the Institute of Company Secretaries of India (ICSI) and has completed his LLB from Rajasthan University. He possesses four years of experience in legal matters, secretarial compliance, and filing work, managing compliance for listed, public, and private companies.

The company confirmed that Mr. Verma has no relationship with any other directors of the company. The Board meeting commenced at 05:00 PM IST and concluded at 05:30 PM on June 08, 2026.

Rajnandini Metal Limited has announced its audited financial results for the quarter and year ended March 31, 2026. The company reported a net loss of ₹32 lakh for the fiscal year 2025-26, a reversal from the net profit of ₹217 lakh recorded in the previous year.

For the quarter ended March 31, 2026, the company posted a net profit of ₹113 lakh. Total income for the quarter was ₹5,657 lakh, while total expenses stood at ₹5,491 lakh. The basic and diluted earnings per share (EPS) for the quarter were reported at ₹0.04.

The annual financial performance reflected a sharp decline in operational scale. Total income for the year ended March 31, 2026, fell to ₹26,474 lakh from ₹1,04,191 lakh in the prior year. Total expenses for the period were ₹26,460 lakh. The basic and diluted EPS for the year turned negative at ₹(0.00), compared to ₹(0.08) in the previous year.

Financial Results Summary

Audit Qualifications and Legal Matters

The statutory auditors, Krishna & Associates, issued a qualified opinion regarding the financial results. The qualification pertains to a demand raised by GST Authorities aggregating to ₹290.70 crore, including interest and penalty, alleging the claiming of ineligible input tax credit. Additionally, Income Tax Authorities raised a demand of ₹10.68 crore. The management has filed appeals against these demands and stated that no provision has been made as they believe the liabilities will not crystallize.

Corporate Governance

The board took note of the Secretarial Compliance Report for 2026. Furthermore, the board approved the convening of a postal ballot to seek shareholder approval for the re-appointment of Mr. Sanjeev Chhaudha and Mr. Arun Sharma as Independent Directors for a second term, and Mr. Ashok Kalra as Chairman and Managing Director of the company.