Rasandik Engineering schedules 42nd AGM for July 31

Rasandik Engineering Industries India Limited has scheduled its 42nd Annual General Meeting (AGM) for Friday, July 31, 2026, at 11:00 A.M. IST. The meeting will be conducted entirely through Video Conferencing (VC) or Other Audio-Visual Means (OAVM) to transact ordinary business, including the adoption of financial statements for the financial year ended March 31, 2026. Shareholders will vote on the re-appointment of Mrs. Deepika Kapoor, who retires by rotation and is eligible for re-appointment.

Business to be Transacted

The primary agenda includes the adoption of the Audited Financial Statements and the Audited Consolidated Financial Statements for the financial year ended March 31, 2026, along with the reports of the Board of Directors and Auditors. Additionally, shareholders will consider the re-appointment of Mrs. Deepika Kapoor (DIN: 00054799) as a Director. The Board has recommended her re-appointment based on performance evaluation and the recommendation of the Nomination and Remuneration Committee.

Director Profile

Mrs. Deepika Kapoor, a Founder Promoter & Director, possesses considerable experience in Human Relations, Company Management, and General Administration. She holds 54,300 shares in the company and attended 4 out of 4 Board meetings during the financial year 2025–2026. She is related to Shri. Rajiv Kapoor, Chairman and Managing Director of the Company.

Detail	Information
Name	Smt. Deepika Kapoor
DIN	00054799
Age	68 Yrs
Date of First Appointment	10 January, 1984
Shares Held	54,300 Shares
Board Meetings Attended (2025-2026)	4 out of 4

E-voting and Participation Details

Remote e-voting will be open from Tuesday, July 28, 2026, at 9:00 A.M. IST to Thursday, July 30, 2026, at 5:00 P.M. IST. Members holding shares as on the cut-off date of Friday, July 24, 2026, are eligible to vote. The facility for appointment of proxies is not available due to the virtual mode of the meeting. The company has appointed MUFG Intime India Private Limited as the agency for providing remote e-voting and e-voting facilities during the AGM.

Documentation and Inspection

The Annual Report for the financial year 2025–2026 and the Notice of the AGM are being sent electronically to members. These documents are available on the company's website at www.rasandik.com . Registers of Directors, Key Managerial Personnel, and their shareholding will be available for electronic inspection during the AGM. Members may seek information regarding financial statements by writing to cs@rasandik.com at least seven days before the meeting.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.78%	-1.56%	-5.92%	+0.55%	-30.91%	-21.06%

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.