RDB Rasayans shareholders approved the company's audited financial statements for FY26 and reappointed director Pragya Baid at its 31st Annual General Meeting held on August 20, 2026.

The meeting was conducted through Video Conferencing or Other Audio Visual Means (VC/OAVM) in compliance with Ministry of Corporate Affairs and SEBI regulations. Managing Director Shanti Lal Baid chaired the proceedings. A total of 95 members attended the session via video conferencing, comprising 7 promoter group members and 88 public shareholders.

Voting Outcome

All five resolutions placed before the shareholders were passed by majority. The promoters held 12,371,112 shares, while public non-institutional shareholders held 5,343,688 shares as on the record date of September 9, 2025.

Note: For the Related Party Transactions resolution, promoter votes were treated as invalid per SEBI LODR Regulation 23 requirements. Consequently, only public shareholder votes were considered for this specific item.

Key Resolutions Passed

Shareholders approved several ordinary and special resolutions during the meeting. The board sought approval for material related party transactions for the financial year 2026-27 with various group entities, including RDB Infrastructure and Power Limited and RDB Real Estate Constructions Limited. The aggregate value for loans, guarantees, or security is capped at ₹300 crore at any point in time during FY27.

Members also authorized transactions under Section 185 of the Companies Act, 2013, allowing the company to provide loans or guarantees to subsidiaries, associates, or joint ventures. Additionally, the company secured approval to enhance limits for granting loans, making investments, providing guarantees, and securities under Section 186 of the Companies Act, 2013.

Pragya Baid (DIN: 06622497), who retired by rotation, was reappointed as a director. The resolution received overwhelming support from both promoter and public shareholders.

Governance and Attendance

Priyam Sen, Non-Executive Independent Director and Chairman of the Nomination and Remuneration Committee, Stakeholders Relationship Committee, and Corporate Social Responsibility Committee, attended the meeting. Mrs Riya Jain, Non-Executive Independent Director and Chairman of the Audit Committee, was also present.

Mr Ranjan Singh, Partner at LB Jha & Co., the statutory auditors, attended the session. Mrs Mausami Sengupta served as the Scrutinizer and Secretarial Auditor for the event. Her consolidated report confirmed that all resolutions were passed with the requisite majority.

Mrs Shradha Dalmia, Company Secretary and Compliance Officer, informed members that the facility to appoint proxies was not available for this AGM due to the virtual format. Remote e-voting commenced on August 17, 2026 at 9:00 am and concluded on August 19, 2026 at 5:00 pm.

Chairman's Address

The Chairman deliberated on the company's overall performance and future outlook. He noted that despite a challenging operating environment, the company delivered a resilient performance and aims to continue this trajectory in future years.

The financial statements and reports of the Board of Directors and Auditors for the fiscal year ended March 31, 2026 were taken as read as they had been previously circulated to members. As there were no qualifications in the audit report, it was not required to be read aloud.

The meeting concluded at 1:28 pm with a vote of thanks to the Chair.

RDB Rasayans Limited posted a 35% year-on-year rise in net profit for the first quarter of FY26, reflecting improved operational efficiency and revenue growth. The Kolkata-based chemical manufacturer reported a profit after tax (PAT) of ₹11.59 crore for the quarter ended June 30, 2026, compared to ₹8.57 crore in the same period last year.

Revenue from operations expanded by 14% to ₹31.93 crore, up from ₹27.99 crore in Q1FY25. This growth was accompanied by a significant improvement in profitability metrics, with profit before tax rising to ₹15.51 crore from ₹11.45 crore previously. The Board of Directors approved these unaudited standalone financial results in a meeting held on August 13, 2026.

Financial Performance Highlights

The company’s total income reached ₹38.79 crore, driven by both operational revenue and other income, which stood at ₹6.86 crore. Total expenses were contained at ₹23.28 crore, down from ₹28.07 crore in the preceding quarter and only marginally higher than ₹22.13 crore in Q1FY25.

Earnings per share (EPS) increased to ₹6.55 per equity share, compared to ₹4.84 in the corresponding quarter of the previous fiscal year. Tax expenses amounted to ₹3.91 crore, including current tax of ₹3.68 crore and deferred tax of ₹0.17 crore.

What the Numbers Show

A key driver of the improved bottom line was the reduction in cost of materials consumed, which fell to ₹16.64 crore from ₹19.64 crore in the previous quarter. Additionally, changes in inventories of finished goods and work-in-progress contributed a negative expense of ₹1.02 crore, indicating a build-up in stock rather than consumption. This contrasts with the prior quarter where inventory changes were minimal at -₹0.06 crore. The combination of lower input costs and inventory accumulation suggests effective cost management or strategic stocking ahead of anticipated demand.

IPO Proceeds Utilization

The company provided an update on the utilization of proceeds from its Initial Public Issue (IPO). As of June 30, 2026, RDB Rasayans had incurred ₹17.36 crore against the total amount raised of ₹35.55 crore.

The majority of the unutilized balance of ₹18.19 crore is currently deployed in fixed deposits and mutual funds. Specific allocations included:

• Plant & Machinery: ₹9.00 crore incurred against an allocation of ₹23.91 crore for capital expenditure.
• General Corporate Purpose: ₹4.98 crore utilized out of ₹5.01 crore allocated.
• Issue Expenses: ₹1.92 crore spent against ₹2.73 crore.

The statutory auditors, L. B. Jha & Co. LLP, issued a limited review report stating that nothing came to their attention to cause them to believe that the financial results did not disclose information required under SEBI (LODR) Regulations or contained any material misstatement. The results were prepared in accordance with Ind AS 34 "Interim Financial Reporting".