Rathi Bars Limited concluded its board meeting on April 10, 2026, approving comprehensive business revival strategies and key advisory appointments. The meeting, held from 3:00 PM to 4:15 PM at the company's registered office, addressed critical operational challenges and outlined pathways for business recommencement under SEBI LODR Regulations.

Key Board Decisions and Approvals

The board formally approved several strategic initiatives for the company's revival. Mr. Anurag Rathi, Managing Director, was elected as Chairman of the meeting, with leave of absence granted to Mr. Rajendra Prasad, Director.

Manufacturing Operations and Regulatory Challenges

The board noted and ratified the temporary suspension of manufacturing operations due to multiple regulatory challenges. These include income-tax search proceedings commencing on December 15, 2025, invocation of GRAP Stage IV restrictions in NCR by CAQM, and suo-moto amendment of Consent to Operate by RSPCB dated January 16, 2026. Additionally, approximately 25% increase in power tariffs by Jaipur Vidyut Vitrani Nigam Limited contributed to operational difficulties.

Financial Restructuring and Debt Management

The board authorized comprehensive engagement with bankers and lenders for moratorium, restructuring, and rescheduling of existing facilities. Directors reviewed pending debt and interest servicing obligations with secured lenders, with management authorized to engage with lenders for resolution. The board noted that due to liquidity constraints, a default is likely, requiring intimation to Stock Exchanges in compliance with SEBI LODR Regulations.

Organizational Changes and Interim Arrangements

The meeting acknowledged the resignation of Ms. Bharti Chitkara from her position as Company Secretary and Compliance Officer, effective March 22, 2026. The board approved interim arrangements whereby Bhiwadi Iron Private Limited will pay director remuneration, office rent, and fixed expenses on behalf of the company, subject to future reimbursement.

Compliance and Governance Matters

The board addressed standard governance requirements including disclosure of interest by directors under Section 184, non-disqualification declarations under Section 164(2), and independence declarations by independent directors under Section 149(6) of the Companies Act, 2013 and SEBI LODR Regulations, 2015. Minutes of Audit Committee and Nomination & Remuneration Committee meetings were also placed on record.

Rathi bars Limited has submitted its quarterly dematerialisation compliance certificate to BSE for the quarter ended March 31, 2026. The filing, made on April 9, 2026, demonstrates the company's adherence to regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018.

Regulatory Compliance Certificate

The certificate was issued under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, confirming proper handling of dematerialisation processes during the quarter. MAS Services Limited, serving as the company's Registrar & Share Transfer Agent with SEBI Registration No. INR000000049, provided the compliance confirmation.

Dematerialisation Process Confirmation

MAS Services Limited certified that all securities received from Depository Participants for dematerialisation during the specified period were processed within the mandatory 15-day timeframe. The registrar confirmed that securities were properly accepted or rejected within the stipulated timeline as per regulatory requirements.

The compliance certificate outlined several key confirmations:

• All security certificates received for dematerialisation were mutilated and cancelled after due verification
• Depositories' names were substituted in the register of members as registered owners within 15 days
• Updates were communicated to the Depository and every Stock Exchange where securities are listed within the 15-day limit
• Register of Members was updated accordingly for all transactions

Corporate Information

Rathi Bars Limited operates from its registered office at A-24/7, Mohan Co-operative Industrial Estate, New Delhi-110044. The company trades on BSE under scrip code 532918 with the symbol RATHIBAR. Managing Director Anurag Rathi (DIN: 00063345) signed the compliance submission, ensuring proper corporate governance and regulatory adherence.

This quarterly filing represents standard regulatory compliance for listed companies, ensuring transparency in dematerialisation processes and maintaining investor confidence in the securities transfer mechanism.