Ramdevbaba Solvent Limited's Board of Directors adopted the audited standalone and consolidated financial results for the half year and financial year ended March 31, 2026. The statutory auditor, M/s Borkar & Muzumdar, Chartered Accountants, issued an audit report with an unmodified opinion on the financial statements. The company reported that it has not deviated from the objects stated in the prospectus regarding the utilization of IPO and preferential issue proceeds.

The Board meeting, held on May 27, 2026, approved the appointment of M/s Deepa Agrawal & Co., Cost Accountants, as the Cost Auditor for the financial year 2026-2027. The firm has over 14 years of experience. Additionally, the Board appointed M/s Girish N. Mundada & Co., Chartered Accountants, as the Internal Auditor for the financial year 2026-2027. This firm brings over 28 years of experience in statutory and internal audits.

The company confirmed that it is not classified as a Large Corporate under the SEBI circular dated November 26, 2018. The outstanding borrowing of the company as on March 31, 2026, was Rs. 24.87 Crores, with a highest credit rating of BBB (Stable) assigned by Acuite Ratings & Research Limited during the previous financial year.

Financial Position

The audited standalone statement of assets and liabilities as at March 31, 2026, reported total equity and liabilities of Rs. 32,490.19 Lakhs. Shareholders' funds stood at Rs. 16,598.88 Lakhs, comprising equity share capital of Rs. 2,286.14 Lakhs and reserves and surplus of Rs. 13,522.11 Lakhs. Total assets were reported at Rs. 32,490.19 Lakhs.

Fund Utilization

The company stated there was no deviation or variation in the utilization of proceeds from the Initial Public Offering (IPO) and the Preferential Issue. The total amount raised through the IPO was Rs. 4,461.58 Lakhs, which has been fully utilized for objects including setting up a new manufacturing facility and repayment of borrowings. The preferential issue raised Rs. 2,604.30 Lakhs, of which Rs. 1,813.67 Lakhs has been utilized. An amount of Rs. 790.63 Lakhs remains unutilized, representing the 50% warrant price yet to be received from the warrant holders.

The company has two subsidiaries, M/s RBS Renewables Private Limited and M/s Too Gud FMCG Products Private Limited. Consequently, both standalone and consolidated financial results have been presented. The status of investor complaints received by the company for the period from October 1, 2025, to March 31, 2026, was nil.

Ramdevbaba Solvent Limited's Board of Directors convened a meeting on May 15, 2026, and approved a key corporate governance measure — the appointment of Mr. Pratul Wate as Company Secretary of its subsidiary, RBS Renewables Private Limited. The board meeting commenced at 01:15 P.M. and concluded at 1:45 P.M. The disclosure was made pursuant to Regulation 30 and other applicable regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointment of Company Secretary at Subsidiary

Mr. Pratul Wate, who holds Membership No. ACS 49131, currently serves as the Company Secretary and Compliance Officer of Ramdevbaba Solvent Limited (the holding company). The board has now approved his additional appointment as Company Secretary of RBS Renewables Private Limited, a subsidiary of the company. His formal appointment at the subsidiary will be effected at a duly conducted board meeting of RBS Renewables Private Limited.

The appointment is made in accordance with Section 203 of the Companies Act, 2013, which allows a Key Managerial Personnel to hold office in a subsidiary company simultaneously.

Appointee Profile and Regulatory Details

The following details have been disclosed as required under Regulation 30 of the SEBI Listing Regulations, read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023:

Additional Board Business

In addition to the above appointment, the board also took on record the SDD Compliance Certificate issued by a practicing professional for the financial year ended March 31, 2026.

The disclosure was signed by Nilesh Suresh Mohata, Managing Director (DIN: 02374561) of Ramdevbaba Solvent Limited.