Ratnaveer Precision Engineering Ltd appointed Mrs. Seema Sanghavi as Whole Time Director for a five-year term starting August 20, 2026. The board also approved the appointment of new internal, cost, and statutory auditors for the financial year 2026-27.

Mrs. Sanghavi, who has served the company as Chief Sales Co-ordinator, brings expertise in sales and marketing. Her remuneration will be fixed subject to shareholder approval at the ensuing Annual General Meeting. She is the wife of Mr. Vijay Sanghavi.

Auditor Appointments

The company appointed M/s. Bhadresh K Mehta & Co as its Internal Auditor for FY27. The firm specializes in financial accounting, banking, business planning, and legal compliance.

M/s. Ashish Bhavsar & Associates was named Cost Auditor for the same period. Founded by CMA Ashish Bhavsar in Ahmedabad, the firm provides comprehensive cost auditing services.

Additionally, the board approved M/s. Pankaj R Shah & Associates as Statutory Auditors for a second consecutive term of five years. This appointment requires shareholder approval at the upcoming AGM. Established in 1977, Pankaj R Shah & Associates is a peer-reviewed firm with over 100 professionals.

Regulatory Disclosure

These appointments were made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The details were communicated to the National Stock Exchange of India Limited and BSE Limited on August 20, 2026.

Ratnaveer Precision Engineering reported a 22% year-on-year increase in standalone net profit for Q1FY26, rising to ₹182.37 million from ₹149.46 million in the corresponding period last year. The growth was driven by a 19% surge in revenue from operations to ₹3,146.35 million, reflecting strong demand in its domestic segment. Consolidated results mirrored the standalone figures, with total revenue standing at ₹3,146.35 million and net profit at ₹182.37 million. The Board of Directors approved the unaudited financial results on July 24, 2026, following a limited review by statutory auditors Pankaj Shah & Associates.

Financial Performance Overview

The company’s top-line expansion outpaced cost inflation, leading to improved bottom-line metrics. Revenue from operations grew from ₹2,646.23 million in Q1FY25 to ₹3,146.35 million in Q1FY26. Other income also saw a significant jump to ₹37.91 million from ₹2.83 million in the previous year. Consequently, profit before tax increased to ₹218.76 million from ₹179.50 million.

*EBITDA calculated as Profit Before Tax + Interest + Depreciation + Tax.

Segment-wise Analysis

Domestic operations remained the primary growth engine, contributing ₹3,046.80 million to segment revenue, up from ₹2,488.84 million in Q1FY25. In contrast, revenue from outside India declined to ₹99.55 million from ₹154.39 million in the year-ago quarter. Segment profit before tax and interest for the domestic segment rose to ₹285.98 million from ₹213.61 million, highlighting robust operational efficiency in the home market.

What the Numbers Show

The divergence between domestic and international performance suggests a concentration of demand within India. While international revenues contracted by approximately 35%, domestic revenues expanded by over 22%. This shift indicates that Ratnaveer Precision Engineering is currently leveraging local market strength to offset global headwinds. Additionally, the rise in other income from ₹2.83 million to ₹37.91 million contributed significantly to the pre-tax profit jump, although core operational profits also improved substantially.

Auditor and Regulatory Compliance

The financial statements were prepared in accordance with Indian Accounting Standards (Ind AS) under Section 133 of the Companies Act, 2013. Pankaj Shah & Associates, the statutory auditors, issued a limited review report pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The audit committee recommended the results to the Board, which approved them in a meeting held on July 24, 2026. No material misstatements were identified during the review process.