Rasandik Engineering fixes July 24 as record date for 42nd AGM

Rasandik Engineering Industries India Limited has fixed Friday, July 24, 2026, as the record date to determine shareholder eligibility for its 42nd Annual General Meeting (AGM). The meeting is scheduled for Friday, July 31, 2026, at 11:00 A.M. IST through Video Conferencing (VC) or Other Audio-Visual Means (OAVM). The register of members and share transfer books will remain closed from July 24, 2026, to July 31, 2026, for this purpose.

Key Dates and Schedule

Shareholders whose names appear as beneficial owners or members in the register of members at the end of business hours on July 24, 2026, are eligible to attend and vote at the AGM. The company has established the following cut-off dates for the meeting proceedings:

Particulars	Date
Cut-off date for sending Notice/Annual Report	July 3, 2026 (Friday)
Cut-off date for participation eligibility	July 24, 2026 (Friday)
Remote e-voting period	July 28, 2026 (9:00 AM) to July 30, 2026 (5:00 PM)

Documentation and Compliance

The Annual Report for FY 2025-2026 and the Notice of the 42nd AGM will be sent electronically to members with registered email addresses. These documents will also be available on the company's website at www.rasandik.com/report.html . In compliance with Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has sent letters to members without registered email addresses providing the website link to access the Annual Report.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	-5.81%	-2.26%	+4.14%	-33.85%	-24.36%

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.

Particulars	2025-2026 (₹ in millions)	2024-2025 (₹ in millions)
Total Income	678.49	689.31
Profit Before Finance Cost, Depreciation, Exceptional items and Taxation	13.11	49.18
Finance Cost	26.28	31.45
Depreciation	52.28	59.31
Exceptional Items - Gain/(Loss)	-	(92.58)
Profit Before Tax	(65.46)	(134.15)
Net Profit/Loss After Tax	(66.91)	(55.85)
Earning per Equity Share of Rs. 10/- each	(11.20)	(9.35)

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.