Rama Phosphates Ltd announced the demise of Mr. Ashok Patel, its secretarial auditor, on August 16, 2026. The company informed stock exchanges of the event on August 17, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015.

Mr. Patel, a Practicing Company Secretary holding Certificate of Practice No. 15326, was associated with Rama Phosphates through his firm, M/s. Ashok Patel & Associates. He served as the secretarial auditor for the past year and participated in all board deliberations during this period.

Regulatory Disclosure

The intimation was filed under Regulation 30 of the SEBI (LODR) Regulations, 2015, read with SEBI Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026. The details of the event are provided below:

Chairman and Managing Director Haresh D. Ramsinghani signed the disclosure. The directors expressed their condolences to Mr. Patel's family, describing his passing as an irreparable loss to the company.

Rama Phosphates reported a year-on-year increase in net profit for the quarter ended June 30, 2026 (Q1FY27), driven by strong top-line growth in its core Fertilizers, Micro Nutrients & Chemicals segment. Net profit after tax rose 6.4% to ₹1,706.44 lakhs from ₹1,603.32 lakhs in the corresponding quarter of the previous year. Revenue from operations expanded by 18.1% to ₹22,479.59 lakhs, up from ₹19,031.35 lakhs, reflecting robust demand and operational scale-up despite margin pressures. The Board of Directors approved the unaudited financial results on July 24, 2026, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance Overview

The company’s total income for Q1FY27 stood at ₹22,554.84 lakhs, compared to ₹19,094.74 lakhs in Q1FY26. Profit from operations before exceptional and extraordinary items increased to ₹2,281.23 lakhs from ₹2,146.32 lakhs. Total expenses rose to ₹20,273.61 lakhs from ₹16,948.42 lakhs, primarily due to higher cost of materials consumed, which jumped to ₹17,135.55 lakhs from ₹12,935.62 lakhs. Finance costs also increased to ₹405.23 lakhs from ₹351.79 lakhs. Earnings per share (basic and diluted) were reported at ₹4.82, up from ₹4.53 in the prior year period. The statutory auditor, Khandelwal & Mehta LLP, issued a limited review report on the results.

Segment-wise Contribution

The Fertilizers, Micro Nutrients & Chemicals segment remained the primary growth engine, with revenue rising 25.4% to ₹22,122.71 lakhs from ₹17,640.30 lakhs. The segment’s result before interest and taxation improved to ₹2,867.46 lakhs from ₹2,753.67 lakhs. In contrast, the Soya/Agri segment saw revenue decline sharply to ₹356.88 lakhs from ₹1,391.05 lakhs and posted a loss of ₹28.18 lakhs, compared to a loss of ₹27.85 lakhs in the previous year. This divergence highlights the concentration of profitability in the chemical and fertilizer business. The company does not have any subsidiary, associate, or joint venture companies as of June 30, 2026.

Capacity Expansion Updates

Rama Phosphates is advancing several capacity expansion projects. The company has received Environmental Clearance for its new Greenfield project at Dhule, aimed at manufacturing 216,000 MTPA Single Super Phosphate (SSP) Fertilizer and 90,000 MTPA Sulphuric Acid. Phase-I of this project is in its final stages, with trial production expected by September 2026. Additionally, the Udaipur unit is undergoing an expansion of 65,000 MTPA for SSP, which will raise the unit’s capacity to 315,000 MTPA and the company’s overall SSP capacity to 979,000 MTPA. New plants for Magnesium Sulphate (MgSO₄), Potash Derived from Molasses (PDM), and Phosphate Rich Organic Manure (PROM) are also being set up at Udaipur. The company holds a long-term credit rating of "A-" by ICRA.

What the Numbers Show

The financial results indicate a clear divergence between top-line growth and cost inflation. While revenue grew by 18.1%, total expenses surged by 19.6%, compressing operating margins. The significant jump in material costs (₹17,135.55 lakhs vs ₹12,935.62 lakhs) suggests input price pressures are outpacing sales realizations. However, the company maintained absolute profit growth through volume expansion in its core fertilizer segment, offsetting the underperformance in the Soya/Agri division. The ongoing capacity expansions signal management’s confidence in long-term demand, though near-term margin stability will depend on effective cost pass-through mechanisms.