Rathi bars Limited has provided comprehensive clarification to BSE regarding the resignation of its Company Secretary and Compliance Officer, Ms. Bharti Chitkara, following the exchange's observation on the corporate announcement. The company has submitted detailed documentation confirming regulatory compliance and timeline adherence.

Official Resignation Documentation

Ms. Bharti Chitkara submitted her resignation letter on 16 March 2026, citing personal reasons for her decision to step down from her position as Company Secretary and Compliance Officer. The resignation letter, addressed to the Board of Directors, provided the standard seven days' notice period, with her last working day being 22 March 2026.

In her resignation letter, Ms. Chitkara assured full cooperation during the notice period to ensure smooth handover of duties, responsibilities, records, and documents to the person designated by management. She expressed gratitude to the Board of Directors and management for their support during her tenure.

BSE Clarification and Regulatory Compliance

Following BSE's communication seeking additional details on the corporate announcement dated 23 March 2026, Rathi Bars Limited submitted a comprehensive clarification on 25 March 2026. The company emphasized that there was no delay in disclosure, as the intimation to the Exchange was submitted on 23 March 2026, within 24 hours of the effective resignation date of 22 March 2026.

The disclosure was made in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015, read with Securities and Exchange Board of India Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The company clarified that during the notice period, Ms. Chitkara continued to be present in the office and discharged all duties and compliances as per the terms of employment contract until the effective date of resignation.

Management Response and Future Plans

The company's Managing Director, Anurag Rathi (DIN: 00063345), digitally signed both the original regulatory filing and the subsequent clarification submitted to BSE Limited on 25 March 2026. Rathi Bars Limited confirmed that all statutory and regulatory compliances were duly taken care of during the transition period.

The company has committed to informing the stock exchanges once a suitable replacement for the Company Secretary and Compliance Officer position is identified. A fresh corporate announcement, giving reference to the earlier announcement and incorporating the clarification, has been submitted through the BSE Listing Centre.

Rathi bars Limited announced its unaudited financial results for the third quarter ended December 31, 2025, showing mixed performance with revenue declining year-on-year while maintaining profitability. The company's board of directors approved the standalone financial results in compliance with Indian Accounting Standards during their meeting held on January 21, 2026.

Financial Performance Overview

The company's quarterly performance reflected challenging market conditions with revenue from operations declining significantly compared to the previous year:

Cost Structure Analysis

The company's expense management showed varied trends across different cost categories during Q3FY26:

Nine-Month Performance

For the nine-month period ended December 31, 2025, Rathi Bars Limited demonstrated resilience with relatively stable performance:

Earnings Per Share and Capital Structure

The company maintained its equity share capital at ₹1,633.04 lacs with no changes during the quarter. Earnings per share for Q3FY26 stood at ₹0.43 compared to ₹0.54 in the corresponding quarter of the previous year. For the nine-month period, earnings per share improved to ₹1.54 from ₹1.50 in the previous year.

Regulatory Compliance and Auditor Notes

The financial results were prepared in accordance with Indian Accounting Standards and reviewed by statutory auditors MASAR & Co. The auditors noted that the Income Tax Department conducted a search at the company's premises during the quarter, with proceedings ongoing and resultant tax liability yet to be determined. The company's trading window remained closed from January 1, 2026, and will reopen forty-eight hours after the declaration of financial results.