Ravileela Granites has scheduled its 36th Annual General Meeting (AGM) for September 30, 2026. The meeting is set to begin at 2:00 pm and will be conducted through Video Conferencing or Other Audio Video Means (OAVM).

The company issued the intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulatory filing ensures timely disclosure of the corporate action to the BSE Limited.

Pritam Paul, Company Secretary and Compliance Officer, signed the communication. The notice was dated September 8, 2026, and directed to the Department of Corporate Services at BSE Limited in Mumbai.

Meeting Details

The company’s registered office is located in Secunderabad, Telangana. Its factory operations are based in Prakasam District, Andhra Pradesh.

Ravileela Granites reported a 27.9% year-on-year decline in net profit for the quarter ended June 30, 2026, dropping to ₹2.39 crore from ₹3.30 crore in Q1FY26. This contraction occurred despite a robust 50.6% surge in income from operations, which rose to ₹19.63 crore from ₹13.04 crore in the corresponding period last year. The divergence highlights increased operational costs and tax expenses absorbing the top-line growth, signaling margin pressure for investors monitoring the company’s profitability trends.

The Board of Directors approved the unaudited financial results at its meeting held on July 28, 2026, in compliance with Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by the Audit Committee and subjected to a limited review by the Statutory Auditors, K Vijayaraghavan and Associates LLP, who issued a clean report stating no material misstatements were found.

Financial Performance Overview

Revenue from operations expanded significantly, driven by higher net sales. However, total expenses rose sharply to ₹15.61 crore from ₹8.75 crore in Q1FY26, primarily due to higher other expenses and changes in inventory. Consequently, profit before tax fell to ₹3.67 crore from ₹4.06 crore. Tax expense for the quarter stood at ₹1.28 crore, compared to ₹0.76 crore in the previous year.

Earnings per share (EPS) declined 27.6% to ₹2.26 from ₹3.12 in the same quarter last year. For the full year FY26, the company reported a net profit of ₹9.93 crore on revenues of ₹57.40 crore.

What the Numbers Show

The most notable trend is the widening gap between revenue growth and expense inflation. While revenue grew by over 50%, total expenses nearly doubled, rising by 78.4%. Specifically, 'Other Expenses' jumped from ₹14.45 lakh to ₹44.08 lakh, and 'Changes in inventories' swung from a gain of ₹9.48 lakh to a cost of ₹26.20 lakh. This suggests that while demand or pricing may have improved, operational efficiency or supply chain costs deteriorated significantly in the current quarter, eroding the bottom line despite higher sales volumes.

Corporate Governance Updates

Ms. Parvatha Harshini Reddy was appointed as an Additional Director (Non-Executive and Non-Independent) effective July 28, 2026. She will hold office until the conclusion of the ensuing Annual General Meeting. She brings over 12 years of experience in manufacturing, healthcare, and business transformation. Currently, she leads Sales & Marketing for Ravileela Granites and QuartzKraft LLP, overseeing ₹130 crore in annual export revenue, product innovation, strategic partnerships, and commercial operations across North America and Europe. Ms. Reddy is the daughter of Mrs. Parvatha Samantha Reddy, Whole Time Director and CFO, and Mr. Parvat Srinivas Reddy, Non-Executive Director.

The Board also constituted the Corporate Social Responsibility (CSR) Committee with effect from July 28, 2026, comprising Mr. Hari Prasad Atluri as Chairperson, Mr. Sorabh Chinoy Kersasp, and Mrs. Parvatha Harshini Reddy as members. The company scheduled its 36th Annual General Meeting for September 30, 2026, to be conducted via Video Conferencing/Other Audio Visual Means.