Rajratan Global Wire Limited concluded its 38th Annual General Meeting (AGM) on July 24, 2026, with shareholders approving the company’s audited financial statements for the fiscal year ended March 31, 2025. The meeting, held via Video Conferencing (VC) and Other Audio-Visual Means (OAVM), also saw the declaration of a dividend of ₹2 per equity share for the financial year 2024-25 and the reappointment of Mr. Yashovardhan Chordia as CEO & Deputy Managing Director.

The proceedings were conducted in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting commenced at 3:00 p.m. IST and concluded at 3:25 p.m. IST. Sunil Chordia, Chairman & Managing Director, chaired the session after confirming the requisite quorum under Section 103 of the Companies Act, 2013. Abhishek Dalmia, Non-Executive Director, was granted leave of absence.

Key Resolutions Passed

Shareholders voted on several ordinary and special business items during the meeting. The statutory registers and relevant documents were made available for electronic inspection. The Statutory Auditors’ Report and Secretarial Auditor’s Report contained no qualifications or adverse remarks.

Voting Process Details

The company facilitated remote e-voting through the Central Depository Services (India) Limited (CDSL) platform. The remote e-voting window opened at 9:00 a.m. on July 20, 2026, and closed at 5:00 p.m. on July 23, 2026. Voting facilities remained open during the AGM for members who had not cast their votes earlier. The combined results of remote e-voting and voting during the AGM will be intimated to the stock exchanges in accordance with Listing Regulations.

The Chairman addressed members regarding the company’s performance in the financial year 2025-26 and responded to queries raised by shareholders. The Secretarial Auditor and scrutinizer for remote e-voting were present throughout the proceedings.

Rajratan Global Wire reported a consolidated net profit of ₹229.6 crore for the quarter ended June 30, 2026, marking a 70% year-on-year increase from ₹135.2 crore in Q1FY26. The strong performance was underpinned by a 29% rise in revenue from operations to ₹3,183.5 crore and an expansion in EBITDA margins to 13.1%, reflecting improved operational efficiency and higher selling prices in the tyre bead wire segment.

The Board of Directors, chaired by Sunil Chordia, approved the unaudited standalone and consolidated financial results on July 24, 2026. The results were reviewed by statutory auditors Fadnis & Gupte LLP pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The consolidated figures include the financials of wholly-owned subsidiaries Rajratan Thai Wire Company Limited and Rajratan Wire USA Inc.

Q1FY27 Financial Highlights

Consolidated revenue from operations rose to ₹3,183.5 crore from ₹2,465.1 crore in the corresponding quarter of the previous year. Standalone revenue also grew to ₹1,944.1 crore from ₹1,583.8 crore. EBITDA increased by 35% to ₹417.0 crore from ₹309.0 crore.

Standalone net profit for the quarter stood at ₹138.1 crore, up from ₹106.2 crore in Q1FY26. Earnings per share (basic) increased to ₹2.72 on a standalone basis and ₹4.52 on a consolidated basis, compared to ₹2.09 and ₹2.66 respectively in the prior year period.

Segment Performance and Geography

The company operates primarily in the tyre bead wire segment, reporting total segment revenue of ₹3,183.5 crore for the quarter. Geographically, domestic sales within India accounted for ₹1,736.2 crore, while exports to the rest of the world contributed ₹1,447.3 crore. International contribution grew significantly, rising from ₹1,010.1 crore in Q1FY26, indicating strengthening demand in overseas markets.

Subsidiary Contributions

Consolidated results reflect significant contributions from overseas subsidiaries. Rajratan Thai Wire Company Limited reported total revenues of ₹1,106.7 crore and a net profit after tax of ₹54.6 crore for the quarter, with interim financial results reviewed by its independent auditors. Rajratan Wire USA Inc. reported revenues of ₹256.5 crore and a net profit of ₹36.7 crore; these results were certified by management as they were not reviewed by external auditors, deemed immaterial to the group.

What the Numbers Show

The 70% surge in net profit outpaced the 29% revenue growth, highlighting effective cost management and operating leverage. The EBITDA margin expanded to 13.1% from 12.55% in the previous year, driven by higher realizations and optimized production costs. Strong performance across both Indian and international segments suggests resilient demand for tyre bead wires, positioning the company well for continued momentum in FY27.