Rasandik Engineering Industries India Limited reported a net loss of ₹66.91 million for the financial year ended March 31, 2026, widening from a net loss of ₹55.85 million in the previous year. Total income for the period stood at ₹678.49 million, down from ₹689.31 million in FY25. The Board has not recommended any dividend for the year.

The company’s EBITDA declined to ₹13.11 million from ₹49.18 million in the previous financial year. After accounting for depreciation, finance costs, and tax, the company reported a net loss of ₹66.91 million. The paid-up equity share capital remained unchanged at ₹597.50 lakhs, comprising 59,75,000 equity shares of ₹10 each.

Financial Performance

The company’s financial results for the year ended March 31, 2026, reflected a contraction in both income and profitability compared to the prior year.

Operations and Outlook

The company operates an electric vehicle (EV) manufacturing facility at its plant in Surajpur, Greater Noida, Uttar Pradesh, producing electric three-wheelers (E-Autos) primarily for the domestic market under the “Samrat” brand. Management stated that the company remains focused on expanding its presence in the electric mobility sector, particularly in the three-wheeler (L5) category, by improving product offerings and strengthening distribution networks.

Corporate Governance and Dividend

In view of the financial performance, the Board of Directors has not recommended any dividend for the financial year 2025–26. The company confirmed that it has complied with the requirements of corporate governance as stipulated under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The statutory auditors, M/s. V. Sankar Aiyar & Co., reported that the financial statements do not contain any material misstatements.

Rasandik Engineering Industries India Limited has reported its audited financial results for the quarter and year ended March 31, 2026. The Board of Directors approved the results at a meeting held on May 20, 2026. The statutory auditors, M/s. V. Sankar Aiyar & Co., issued an unmodified opinion on the financial statements, which were prepared on a going concern basis despite net current liabilities of ₹1,567.95 lakh.

For the financial year ended March 31, 2026, the company reported a net loss of ₹669.14 lakh, widening from the net loss of ₹558.48 lakh recorded in the previous year. Revenue from operations for the year stood at ₹6,767.78 lakh, an increase from ₹6,217.64 lakh in the prior year. Total income for the period was ₹6,784.87 lakh, compared to ₹6,893.07 lakh in the previous year. Basic and diluted earnings per share for the year were reported at (₹11.20), compared to (₹9.35) in the prior year.

Financial Performance for FY26

The company's total expenses for the year rose to ₹7,439.45 lakh from ₹7,308.77 lakh in the previous year. Profit before tax for the year was a loss of ₹654.58 lakh. The board has recommended the re-appointment of Mrs. Deepika Kapoor as Director, who retires by rotation, subject to shareholder approval.

Quarterly Results and AGM

For the quarter ended March 31, 2026, the company reported a net loss of ₹260.45 lakh. Revenue from operations for the quarter was ₹1,901.72 lakh, while total expenses amounted to ₹2,110.96 lakh. The company has fixed Friday, July 31, 2026, as the date to convene the 42nd Annual General Meeting at 11.00 A.M. via Video Conferencing. M/s. AKDC & Associates has been re-appointed as the Scrutinizer for the e-voting process.