Rajputana Stainless has fixed September 16, 2026 as the record date for determining shareholder eligibility for e-voting and dividend payment at its upcoming 35th Annual General Meeting (AGM). The company disclosed this in filings submitted to the Bombay Stock Exchange and National Stock Exchange on August 12, 2026.

The 35th AGM is scheduled to take place on Wednesday, September 23, 2026, at 3:00 pm. In compliance with Ministry of Corporate Affairs circulars and SEBI regulations, the meeting will be conducted through Video Conferencing (VC) or Other Audio-Visual Means (OAVM).

E-voting Schedule

The Board of Directors approved the remote e-voting calendar during their meeting on August 12, 2026. Shareholders must hold shares on the cut-off date to cast votes electronically.

Dividend Payment Terms

If the Board declares a dividend during the AGM, payments will be made within 30 days of the declaration date, adhering to statutory timelines. The equity shares have a face value of ₹10 each.

The intimation was issued pursuant to Regulation 42 and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Richa Sanjeev Prashar, Company Secretary and Compliance Officer, signed the disclosure.

Rajputana Stainless Limited reported a net profit of ₹201.99 lakh for the first quarter of FY26, driven by a significant surge in revenue from operations which rose 32.4% year-on-year to ₹3,065.42 lakh. The company’s earnings per share (EPS) increased to ₹2.42 from ₹1.62 in the corresponding quarter of the previous year. Alongside the financial results, the Board of Directors approved a final dividend of ₹0.50 per equity share for the financial year ended March 31, 2026, with the record date fixed for September 16, 2026.

The board meeting held on August 12, 2026, also addressed key governance appointments and shareholder meetings. The 35th Annual General Meeting (AGM) is scheduled for September 23, 2026, to be conducted via Video Conferencing or Other Audio Visual Means (OAVM). Remote e-voting will be open from September 20 to September 22, 2026, for shareholders holding shares as of the record date.

Financial Performance Highlights

The company’s total income stood at ₹3,088.42 lakh, compared to ₹2,324.18 lakh in Q1FY25. This growth was primarily fueled by higher revenue from operations, while other income also increased to ₹22.99 lakh from ₹9.20 lakh in the prior year quarter. Total expenses were managed at ₹2,816.04 lakh, resulting in a profit before tax of ₹272.38 lakh.

Tax expense for the quarter was ₹70.38 lakh, comprising current tax of ₹73.25 lakh offset by deferred tax benefits of ₹2.86 lakh. The comprehensive income for the quarter was reported at ₹201.85 lakh.

Governance and Auditor Appointments

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board recommended several key appointments subject to shareholder approval at the AGM:

• Statutory Auditors: Re-appointment of M/s. Ruparel & Bavadiya, Chartered Accountants, for a second term of five consecutive years starting from the conclusion of the 35th AGM until the 40th AGM.
• Secretarial Auditors: Appointment of M/s. Kavita Khatri & Associates, Company Secretaries, for five consecutive years from April 1, 2026, to March 31, 2031.
• Cost Auditors: Re-appointment of M/s. Y S Thakar & Co., Cost Accountants, for the Financial Year 2026-27.
• Internal Auditors: Re-appointment of M/s. Jain & Hindocha, Chartered Accountants, for the Financial Year 2026-27.

IPO Proceeds Utilization

The company disclosed the utilization of proceeds from its Initial Public Offer (IPO), which listed on BSE and NSE on March 19, 2026. As of June 30, 2026, ₹2,333.97 lakh out of the total ₹2,549.80 lakh raised has been utilized. The unutilized amount of ₹215.84 lakh is temporarily invested in Fixed Deposits (₹207.54 lakh), held in the Monitoring Account (₹1.61 lakh), and Escrow Account (₹8.64 lakh). Significant portions were allocated to repayment of borrowings (₹960.13 lakh utilized) and general corporate purposes (₹444.61 lakh utilized).

What the Numbers Show

The substantial year-on-year growth in net profit (80.5%) outpacing revenue growth (32.4%) indicates improved operational leverage and cost efficiency in Q1FY26. The reduction in finance costs from ₹45.13 lakh in Q1FY25 to ₹17.24 lakh in Q1FY26 suggests effective debt management, likely aided by the utilization of IPO proceeds for borrowing repayment. This margin expansion highlights the positive impact of the capital raise on the company’s bottom line.