rasi electrodes reported a 28.4% rise in net profit to ₹351.57 lakh for the financial year ended March 31, 2026, compared to ₹273.77 lakh in the previous year. Revenue from operations for the year increased to ₹8,144.18 lakh from ₹7,201.80 lakh in FY25. The board of directors, which met on May 29, 2026, approved the audited financial results and recommended a final dividend of ₹0.20 per equity share of ₹2 each, subject to shareholder approval at the ensuing 32nd Annual General Meeting.

For the quarter ended March 31, 2026, the company recorded a net profit of ₹75.57 lakh, up from ₹66.81 lakh in the corresponding quarter of the previous year. Revenue from operations for the quarter stood at ₹1,856.39 lakh, compared to ₹2,022.99 lakh in the same period last year. Total income for the quarter was ₹1,934.36 lakh. The financial results were reviewed by the Audit Committee and approved by the Board.

Financial Performance

The company's total expenses for FY26 amounted to ₹7,854.31 lakh, up from ₹6,902.51 lakh in the previous year. Profit before tax for the year improved to ₹478.44 lakh from ₹376.79 lakh in FY25. The basic earnings per share for the year increased to ₹1.15 from ₹0.86 in the previous year. The statutory auditor, M/s Poonam Ankit & Associates, issued an unmodified opinion on the audited financial statements.

Strategic Decisions

Regarding its business relating to trading in groceries, staples, and other similar branded products, the board reviewed the progress and decided not to pursue the project for scaling up. The company stated that the current business environment is considered not favourable for this venture. The turnover for this business was ₹7.31 lakh for the twelve months ended March 31, 2026. The board also reviewed and updated various policies adopted by the company under Regulation 46 of the Listing Regulations.

Assets and Liabilities

The total assets of the company as of March 31, 2026, stood at ₹4,120.74 lakh, compared to ₹3,912.84 lakh in the previous year. Total equity increased to ₹3,885.24 lakh from ₹3,526.84 lakh. The company significantly reduced its borrowings, which stood at ₹9.85 lakh as of March 31, 2026, down from ₹104.39 lakh a year ago. Cash and cash equivalents improved to ₹1,104.42 lakh from ₹515.65 lakh in the previous year.

Rasi Electrodes Limited has announced the schedule for its postal ballot process to seek shareholder approval for the sale of surplus land. The Board previously granted in-principle approval to sell the unencumbered property located at Manjankaranai Village, Uthukottai Taluk, Tiruvallur District, Tamilnadu, for an estimated consideration of not less than ₹285 lakhs.

The company will conduct the postal ballot through electronic voting to pass a special resolution under Section 180(1)(a) of the Companies Act, 2013. The e-voting process is scheduled to begin at 10:00 A.M. on May 27, 2026, and conclude at 5:00 P.M. on June 27, 2026. The company has made arrangements with Central Depository Services (India) Limited for facilitating e-voting vide EVSN No. 260518005.

Voting Schedule and Record Date

Shareholders eligible to vote must be on the register of members as of the cut-off date of May 15, 2026. The postal ballot results are expected to be announced on or before June 29, 2026, at the company's registered office in Chennai. The date of declaration of the result shall be considered the date of passing the resolution.

The Board has authorized the Managing Director to engage a Secretarial Auditor for certifications related to the Corporate Governance Report and Annual Return for the year ended March 31, 2026. The company will dispatch the postal ballot notice via email and publish an advertisement in newspapers containing a QR code for accessing the full notice. The notice is available at the company's website at www.rasielectrodes.com .