Ramdevbaba Solvent Limited has confirmed that its promoters and persons acting in concert have not created any encumbrance on their shareholdings during the financial year ending March 31, 2026. The declarations, submitted under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, affirm that no shares have been pledged or otherwise encumbered directly or indirectly, other than those previously disclosed to the stock exchanges.

The disclosures were made by individual promoters including Prashant Kisanlal Bhaiya, Nilesh Suresh Mohata, and Tushar Ramesh Mohata. Additionally, several Hindu Undivided Families (HUFs) associated with the promoters, such as Prashant Kisanlal Bhaiya (HUF) and Mohata Nilesh Suresh (HUF), submitted similar confirmations. The filings also included declarations from members of the promoter group, namely Pratik Prashant Bhaiya, Prasanna Pratik Bhaiya, Anita Prashant Bhaiya, and Shagun Rajesh Sharma.

The confirmations extend to other promoter group entities, including Kavita Tushar Mohata, Pranav Nilesh Mohata, Chetan Ramesh Mohata, and Preeti Nilesh Mohata. Prabhukrupa Rice Mill, identified as a promoter group entity, also declared that no encumbrance was made on its shares during the specified period. All signatories verified that the disclosures submitted to the National Stock Exchange of India Ltd. (NSE Ltd) are true and correct.

Promoter Disclosures

The following table details the entities that submitted the annual declaration for FY26:

These filings ensure compliance with regulatory requirements regarding the disclosure of share encumbrances by key shareholders.

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.