Ranjeet Mechatronics Limited announced its audited standalone financial results for the full year ended March 31, 2026, at a Board of Directors meeting held on May 07, 2026. The results, approved in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, reflect a significant expansion in the company's revenue base, even as profitability moderated on account of higher operating costs. Statutory auditors M/s. Abhishek Kumar & Associates (Firm Reg. No.: 130052W) issued an unmodified opinion on the financial results.

Revenue and Profitability Performance

The company recorded a substantial year-on-year increase in revenue from operations, rising to ₹2,914.40 lakhs in FY26 from ₹1,079.02 lakhs in FY25. Total income, including other income of ₹14.40 lakhs (FY25: ₹48.36 lakhs), stood at ₹2,928.80 lakhs compared to ₹1,127.38 lakhs in the previous year. Despite the strong top-line growth, net profit for the year declined to ₹33.17 lakhs from ₹95.01 lakhs in FY25, primarily driven by a sharp rise in total expenses.

The following table summarises the key profit and loss metrics for FY26 and FY25:

Cost Structure and Expense Breakdown

Total expenses for FY26 rose to ₹2,870.97 lakhs from ₹1,002.82 lakhs in FY25, reflecting the higher scale of operations. Cost of materials consumed was the largest component at ₹2,056.96 lakhs (FY25: ₹814.34 lakhs). Employee benefits expenses increased to ₹162.01 lakhs from ₹61.47 lakhs, while other expenses stood at ₹132.92 lakhs (FY25: ₹65.53 lakhs). Finance costs declined to ₹105.42 lakhs from ₹131.57 lakhs, and depreciation and amortisation expenses rose marginally to ₹11.77 lakhs from ₹10.40 lakhs.

Balance Sheet Highlights

As at March 31, 2026, the company's total assets stood at ₹3,635.84 lakhs compared to ₹3,433.61 lakhs as at March 31, 2025. Shareholder funds increased to ₹2,122.62 lakhs from ₹2,102.47 lakhs, with share capital rising to ₹2,000.00 lakhs (FY25: ₹1,000.00 lakhs) following a bonus issue and stock split during the year. Trade receivables expanded significantly to ₹1,321.78 lakhs from ₹695.25 lakhs, while inventories declined to ₹1,386.28 lakhs from ₹1,788.18 lakhs.

Cash Flow and Capital Actions

Net cash from operating activities for FY26 stood at ₹66.79 lakhs, compared to ₹263.73 lakhs in FY25. Net cash from investing activities was ₹7.05 lakhs (FY25: -₹118.67 lakhs), while net cash used in financing activities was -₹84.15 lakhs (FY25: -₹141.96 lakhs). Cash and cash equivalents at the end of the year declined to ₹5.60 lakhs from ₹15.91 lakhs at the beginning of the year.

During the year, the company undertook two significant capital actions. The Board approved the allotment of 1,00,00,000 bonus equity shares of ₹10/- each in a ratio of 1:1 to eligible shareholders, with April 02, 2025 as the record date. Subsequently, each equity share of ₹10/- was split into 2 equity shares of ₹5/- each, with April 21, 2025 as the record date. Following these actions, the subscribed and paid-up equity share capital as on April 22, 2025 stood at ₹2,000 lakhs, divided into 4,00,00,000 equity shares of ₹5/- each. Basic and diluted earnings per share for all periods presented have been adjusted and restated accordingly.

Related Party Transactions

The company disclosed related party transactions carried out in the ordinary course of business for the year ended March 31, 2026. Total salary paid to Key Managerial Personnel (KMP) and relatives of KMP amounted to ₹27.90 lakhs. Loans received from related parties included ₹103.48 lakhs from Devarshibhai Rakeshbhai Swadia (closing balance: ₹92.46 lakhs) and ₹30.91 lakhs from Rakesh Vallabh Swadia (closing balance: ₹17.46 lakhs). Advances of ₹280.00 lakhs were given to and fully received back from Himgiri Engineers during the year. Purchases from Himgiri Engineers totalled ₹3.40 lakhs, reimbursement of expenses to related parties amounted to ₹15.04 lakhs, and rent paid to related parties totalled ₹3.60 lakhs.

Ranjeet Mechatronics Limited has formally announced the resignation of a key board member, marking a significant change in the company's leadership structure. The Gujarat-based company has informed BSE Limited about this corporate development in accordance with regulatory requirements.

Director Resignation Details

Kriya Dipakbhai Shah, who served as Non-Executive Independent Director (Additional), has tendered her resignation from the board effective May 02, 2026. The resignation was communicated through an official letter addressed to the Board of Directors, citing professional commitments as the primary reason for her departure.

Regulatory Compliance

The announcement was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has submitted all required documentation to BSE Limited, including the resignation letter and detailed annexure as mandated by SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Devarshibhai Rakeshbhai Swadia, Whole-time Director of the company, signed the regulatory filing on behalf of Ranjeet Mechatronics Limited. The company has confirmed compliance with all applicable provisions of the SEBI LODR Regulations regarding this board change.

Company Acknowledgment

In her resignation letter, Shah confirmed that there are no other material reasons for her resignation beyond the stated professional commitments. She expressed gratitude to her board colleagues for their cooperation during her tenure as an Independent Director.

The company has formally acknowledged Shah's contributions and extended wishes for her future endeavors. This resignation represents a routine corporate governance matter handled in full compliance with regulatory requirements.