Rapicut Carbides has scheduled its 49th Annual General Meeting for September 26, 2026. The meeting will be held via video conferencing to approve financial statements and key corporate resolutions.

The company issued a letter to shareholders who have not registered their email addresses with the company, registrar, or depository participants. This communication provides web links and QR codes to access the 49th Annual Report for FY25-26, complying with SEBI Listing Regulations.

Key Resolutions

The agenda includes ordinary business items such as the adoption of audited financial statements for FY25-26 and the reappointment of Smt. Shruti A Gami as a director. She retires by rotation and offers herself for reappointment.

Auditor Details

M/s S M R P & Associates will serve as statutory auditors from the conclusion of this AGM until the 54th AGM. Their remuneration is fixed at ₹5.00 lakh for each of the first three financial years, excluding taxes and out-of-pocket expenses. The board will determine fees for subsequent years based on audit committee recommendations.

The firm replaces M/s K C Mehta & Co., LLP, whose term concludes with this AGM. The proposed fee for the new auditor is lower than the ₹6.00 lakh paid to the retiring auditors for FY25-26.

Borrowing Powers

Shareholders will vote on a special resolution to increase the company's borrowing limit. The board seeks permission to borrow up to ₹100 crore in aggregate, which may exceed the sum of paid-up share capital and free reserves. This facility aims to support business expansion, capital expenditure, and working capital needs.

The resolution also authorizes the board to create charges or mortgages on company assets to secure these borrowings if necessary. No directors or key managerial personnel have a financial interest in this proposal beyond their shareholding.

Financial Performance FY26

Rapicut Carbides reported a net profit of ₹206.12 lakh for the year ended March 31, 2026, marking a turnaround from a net loss of ₹232.58 lakh in FY25. Revenue from operations more than doubled to ₹9,627.95 lakh, up from ₹4,198.64 lakh in the previous year.

The company achieved this growth despite significant volatility in raw material costs, primarily due to global restrictions on rare earth metals. Management successfully passed on input cost increases to customers. Export revenue surged to ₹4,621.88 lakh from just ₹18.15 lakh in FY25, driven by higher sales volumes in intermediate and value-added products.

Balance Sheet Highlights

The company closed the year with no outstanding borrowings, having fully repaid its cash credit facilities. Cash and cash equivalents stood at ₹300.12 lakh, compared to ₹1.63 lakh at the end of FY25. Total assets increased to ₹6,553.80 lakh from ₹3,178.71 lakh, largely due to a rise in inventories to ₹3,871.34 lakh and other current assets.

What the Numbers Show

The shift from a net loss to a net profit of ₹206.12 lakh was operational, supported by a 129% increase in revenue. However, cost of materials consumed rose sharply to ₹10,049.38 lakh from ₹2,974.73 lakh, reflecting the high input costs cited in the management discussion. The company’s ability to generate ₹1,177.44 lakh in operating cash flow while clearing all debt indicates strong liquidity management despite inventory buildup.

Shareholder Compliance Reminder

The company reminded physical shareholders to update their KYC details pursuant to SEBI Master Circular No. SEBI/HO/MIRSD/POD-1/P/CIR/2024/37 dated May 7, 2024. Shareholders must record PAN, address with PIN code, mobile number, bank account details, specimen signature, and choice of nomination.

Payments including dividends for folios without updated details will only be made electronically effective April 1, 2024. Shareholders are encouraged to register email IDs to receive important information digitally.

Rapicut Carbides has updated the contact details of its Key Managerial Personnel (KMP), effective August 10, 2026. The company filed the update with BSE Limited on August 8, 2026, in compliance with Regulation 30(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. These contacts are authorized for determining the materiality of events and making necessary disclosures to the stock exchange.

Updated Contact Details

The filing provides specific phone numbers for three key executives involved in materiality assessment and regulatory communication.

For the purpose of making direct disclosures to the Stock Exchange, Kamlesh Shinde and Pratham Pandya are listed as the primary points of contact. Both share the same contact number, 7573022016.

Regulatory Compliance

This update ensures that investors and regulators have current information for urgent communications regarding material events. The change is procedural and does not reflect any alteration in the roles or responsibilities of the named personnel. The Company Secretary, Kamlesh Shinde, signed the disclosure on behalf of the company.