Rathi Graphic Technologies Limited reported a net loss of ₹1.07 crore for the financial year ended March 31, 2026, a sharp reversal from the ₹11.58 crore profit recorded in FY25.

The company remained non-operational throughout the year following the completion of its Corporate Insolvency Resolution Process (CIRP). The Board of Directors has not recommended any dividend for the period.

Financial Performance

The financial results reflect administrative costs and finance charges incurred during the transition phase under new management. There was no revenue from operations in either the current or previous year.

In FY25, the company recognized ₹56.95 lakh in other income and ₹89.33 lakh in exceptional items, primarily driven by the reversal of provisions for doubtful debts and diminution in investment value. These non-recurring gains contributed significantly to the previous year's bottom line.

Capital Restructuring

Pursuant to the approved Resolution Plan, the company undertook a major restructuring of its equity share capital:

• Cancellation of 1,62,74,610 equity shares, representing 99% of existing capital.
• Fresh allotment of 11,94,790 shares to Resolution Applicants Surbhika Steels Private Limited and Daga Infrastructure Private Limited.
• Paid-up capital reduced from ₹16.44 crore to ₹135.92 lakh.

The promoters now hold 87.91% of the equity stake. Trading in the company's shares remains suspended on the BSE pending regulatory approvals for the revised capital structure.

Balance Sheet Signals

The balance sheet shows a decline in total assets from ₹935.88 lakh to ₹883.23 lakh. Borrowings decreased to ₹826.81 lakh, while cash and cash equivalents dropped sharply from ₹23.69 lakh to just ₹8.07 lakh.

What the Numbers Show

The shift from profit to loss is entirely attributable to the absence of non-operational income streams present in FY25. With zero revenue and rising finance costs (₹5.11 lakh vs ₹2.01 lakh), the company's burn rate is evident. The drastic reduction in cash reserves alongside high outstanding borrowings highlights the liquidity constraints facing the entity as it assesses revival opportunities.

Rathi Graphic Technologies Limited has ratified the re-appointment of M/s. Nitin Brij & Co., Chartered Accountants, as its internal auditor for the financial year ending March 31, 2026 (FY26). The board also approved the firm’s appointment for the subsequent fiscal year, FY27.

The decisions were taken during a board meeting held on September 7, 2026. The session commenced at 5:30 pm and concluded at 5:50 pm.

Board Approvals

The board acted on the recommendation of the audit committee to confirm M/s. Nitin Brij & Co. (Firm Registration No. 009771C) for the FY26 term. This ratification covers the internal audit activities undertaken by the firm during the financial year 2025-26.

Additionally, the board approved the firm’s engagement for FY27 to conduct internal audits of the company’s functions and activities for that period.

Auditor Profile

M/s. Nitin Brij & Co. is described in the filing as a reputed firm with extensive experience in statutory audits, internal audits, and other professional assignments. The firm has served reputed companies in India.

Regulatory Compliance

The disclosures were made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule III. The company also referenced SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

The full details are available on the company’s website.