Rathi Bars Limited has submitted a regulatory disclosure to BSE Limited confirming that no encumbrance was created on promoter shares during the financial year 2025-26. The declaration, made under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, was filed on April 22, 2026.

Regulatory Compliance Declaration

The disclosure covers all entities belonging to the promoter and promoter group of Rathi Bars Limited. Managing Director Anurag Rathi signed the declaration on behalf of the entire promoter group, stating that no encumbrance was created on the company's shares held directly or indirectly during FY26.

Promoter Group Structure

The promoter group comprises 21 entities, including both individuals and corporate entities:

Individual Promoters

The individual promoters include:

• Anurag Rathi HUF
• Pushpa Rathi
• Parnika Rathi
• Nandita Rathi
• Anurag Rathi
• Uddhav Rathi
• Advika Rathi
• Devanshi Rathi

Corporate Entities

The promoter group includes 13 private limited companies spanning various business sectors:

• Bhuwneshwari Leasing and Finance Private Limited
• Eleventh Hour Leasing and Finance Private Limited
• Maryada Holdings Private Limited
• Parnika Investments Private Limited
• Pranika Leasing and Finance Private Limited
• Rathi Overseas Private Limited
• Vasudev Exports Private Limited
• Sarveshwar Cereals Private Limited
• Amrit Krishi Farms Private Limited
• Rathi Breweries Private Limited
• Uddhav Leasing and Finance Private Limited
• Uddhav Investments Private Limited
• Pushpkamal Enterprises Private Limited

Company 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 Limited under scrip code 532918 with the symbol RATHIBAR. The disclosure was also copied to the company's Audit Committee as part of standard governance procedures.

This regulatory filing ensures transparency and compliance with SEBI requirements for listed companies regarding promoter shareholding and encumbrance disclosures.

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.