Rasandik engineering industries India Limited has filed its quarterly compliance certificate with the BSE, confirming adherence to SEBI depositories regulations for the quarter ended March 31, 2026. The submission demonstrates the company's commitment to maintaining regulatory compliance in securities handling and depository operations.

Regulatory Compliance Certificate Details

The compliance certificate was issued under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, covering the quarter ended March 31, 2026. Company Secretary Pradeep Chandra Nayak submitted the documentation to the BSE on April 14, 2026, ensuring timely regulatory reporting.

MUFG Intime India Confirmation

MUFG Intime India Private Limited, serving as the company's Registrar and Transfer Agent, issued the confirmation certificate dated April 11, 2026. The certificate validates that securities received from depository participants for dematerialization during Q4FY26 were properly processed according to regulatory requirements.

The registrar confirmed that all securities received for dematerialization were appropriately accepted or rejected, with proper communication to depositories. Additionally, MUFG Intime verified that security certificates were mutilated and cancelled after due verification by depository participants, with depositories' names substituted in the register of members within prescribed timelines.

Depository Operations Compliance

The certificate encompasses several critical compliance areas for depository operations:

• Confirmation of securities received from depository participants during Q4FY26
• Proper acceptance or rejection procedures communicated to depositories
• Verification that securities are listed on appropriate stock exchanges
• Timely processing of dematerialization requests
• Proper maintenance of member registers with depository substitutions

Corporate Governance Framework

This quarterly submission reflects Rasandik Engineering Industries' systematic approach to corporate governance and regulatory compliance. The company maintains its registered office at 14, Roj-Ka-Meo Industrial Area, Sohna, Mewat, Haryana, with Company Secretary Pradeep Chandra Nayak overseeing compliance matters under ACS registration 15852.

The timely submission of SEBI compliance certificates demonstrates the company's commitment to maintaining transparency in securities operations and ensuring investor protection through proper depository management procedures.

Rasandik engineering industries India Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, during a Board meeting held on February 12, 2026. The automotive components manufacturer reported mixed performance with revenue growth offset by continued operational losses.

Financial Performance Overview

The company's Q3FY26 results showed significant revenue improvement alongside reduced losses compared to the previous year. Total income for the quarter reached ₹2,220.18 lakhs, representing a substantial increase from ₹1,436.67 lakhs in Q3FY25.

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, the company demonstrated improved loss management despite facing operational challenges. Revenue from operations remained relatively stable at ₹4,866.06 lakhs compared to ₹4,852.79 lakhs in the corresponding previous period.

Operational Cost Structure

The company's expense management showed mixed results during Q3FY26. Cost of materials consumed increased significantly to ₹1,703.25 lakhs from ₹887.06 lakhs in Q3FY25, primarily reflecting higher production volumes. Employee benefits expense decreased to ₹195.13 lakhs from ₹200.28 lakhs, while finance costs rose to ₹64.59 lakhs from ₹60.45 lakhs in the corresponding quarter.

Going Concern and Financial Position

The company's auditors highlighted that current liabilities exceed current assets by ₹1,463.95 lakhs as of December 31, 2025. Despite this working capital challenge, the financial results are prepared on a going concern basis. The management has received financial support commitment from promoter shareholders and is implementing various initiatives including:

• Cost rationalization measures
• Extended credit term negotiations with suppliers
• Asset monetization strategies
• Revenue improvement initiatives

Corporate Governance Updates

The Board approved comprehensive amendments to 13 company policies effective February 12, 2026, ensuring compliance with latest SEBI regulations and Companies Act provisions. The updated policies include:

• Preservation of Documents and Archival Policy
• Policy on Determination of Materiality of Events
• Code of Conduct for Board and Senior Management
• Insider Trading Prevention measures
• Corporate Social Responsibility Policy

Key Operational Notes

The company continues to address legacy issues including ₹320.00 lakhs in capital work in progress related to the Singur Project, West Bengal, which remains non-operational due to land acquisition complications. Additionally, the company maintains a contingent liability of ₹733.98 lakhs related to potential interest, redemption fine, and penalty on EPCG license obligations, pending CESTAT appeal resolution.