Ratnamani Metals & Tubes announced its audited financial results for the quarter and year ended March 31, 2026. The board met on May 15, 2026, to approve the results, which were subsequently reviewed by the Audit Committee. The independent auditors issued an unmodified opinion on the standalone and consolidated financials. An extract of the audited results was subsequently published in the Financial Express (English and Gujarati editions) on May 16, 2026, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was signed by Anil Maloo, Company Secretary & Compliance Officer.

Q4 FY26 Key Highlights

The company reported a significant year-on-year moderation in Q4 performance. Management attributed the decline to lower sales volumes and under-absorption of fixed costs compared to the high base of record sales in Q4 of the previous year. On a consolidated basis, Q4 net profit fell to 1B rupees from 2B rupees year-on-year, while revenue dropped to 10.8B rupees from 17.15B rupees. EBITDA stood at 1.5B rupees compared to 3B rupees, with the margin contracting to 14.16% from 17.62%.

Standalone Performance and Position

On a standalone basis, the company reported a net profit of ₹9,290.18 lakhs for Q4 FY26, down from ₹22,474.11 lakhs in the prior year. Revenue from operations decreased to ₹89,300.21 lakhs from ₹1,57,477.28 lakhs. The investor presentation highlighted that the standalone entity remains debt-free and holds an order book of INR 1800+ crores. Management noted that performance was impacted by subdued demand and lower capacity utilization.

Consolidated Financial Performance

For the full year, consolidated net profit was ₹53,446.51 lakhs compared to ₹54,157.04 lakhs in the previous year. Total revenue for FY26 stood at ₹4,49,396.17 lakhs, a decrease from ₹5,18,647.39 lakhs in FY25. Despite lower sales, the company maintained absolute EBITDA and PAT broadly in line with the previous year, supported by strong contributions from subsidiaries, particularly in the bearing rings and pipe spool businesses.

The table below presents the detailed consolidated and standalone financial results as published:

Dividend and Board Decisions

The board recommended a final dividend of ₹10 per equity share (500%) for the financial year ended March 31, 2026. This is subject to shareholder approval at the 42nd Annual General Meeting scheduled for August 18, 2026. The record date for dividend eligibility has been fixed as August 11, 2026. Additionally, the board approved the re-appointment of M/s. G. K. Choksi & Co. as Internal Auditors and M/s. N. D. Birla & Co. as Cost Auditors for FY 2026-27.

Ratnamani Metals & Tubes Limited has issued a comprehensive notice to shareholders regarding the mandatory transfer of unclaimed dividend shares to the Investor Education and Protection Fund Authority. The company has formally communicated to both BSE Limited and National Stock Exchange of India Limited about the publication of newspaper notice for IEPF transfer procedures.

Regulatory Filing and Communication

The company filed its regulatory communication on May 1, 2026, addressing both stock exchanges under reference number RMTL/SEC/IEPF/BASE YEAR 2018-19/2026-27. The filing was signed by Company Secretary & Compliance Officer Anil Maloo and submitted pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Legal Framework and Compliance

The company's action stems from Section 124(6) of the Companies Act, 2013, read with the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016. Under these provisions, companies must transfer unpaid dividends and corresponding shares to the IEPF Authority after the specified period of seven consecutive years.

Publication and Communication Timeline

The company has undertaken several steps to inform affected shareholders through multiple channels:

Critical Deadline for Shareholders

Shareholders must claim their unclaimed dividend amounts on or before August 31, 2026. After this deadline, the company will transfer the dividend amounts and corresponding shares to the IEPF Authority without any further communication or liability on the company's part.

Share Certificate and Transfer Procedures

For shareholders holding physical shares, the company will issue duplicate share certificates to facilitate the transfer process. The original certificates held by shareholders will be automatically cancelled and deemed non-negotiable once the transfer occurs. For shareholders with dematerialized holdings, the company will coordinate with depositories to transfer shares to the IEPF Authority's demat account.

Recovery Process from IEPF Authority

Shareholders who miss the deadline can still recover their dividends and shares from the IEPF Authority by filing Form IEPF-5 online through the prescribed web-based application, submitting required documents along with specimen signatures recorded with the company, and following the IEPF Authority's prescribed procedures for claim processing.

The notice emphasizes that no claims will be entertained against the company once the transfer to IEPF Authority is completed, making it crucial for eligible shareholders to act before the specified deadline.