Reetech International returns to profitability in FY26

2 min read     Updated on 27 May 2026, 07:32 PM
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Riya DScanX News Team
AI Summary

Reetech International returned to profitability in FY26 with a consolidated net profit of ₹40.99 lakh, compared to a loss of ₹433.51 lakh in FY25. The company reported nil revenue from operations and is exploring a new line of business in real estate. The Board approved the audited financial results and re-appointed M/s PSNV & Associates LLP as Internal Auditors for FY27.

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Reetech International returned to profitability in the financial year ended March 31, 2026, reporting a consolidated net profit of ₹40.99 lakh, a significant reversal from the net loss of ₹433.51 lakh recorded in the previous year. The standalone financial results for the period also showed a net profit of ₹19.33 lakh, compared to a net loss of ₹25.37 lakh in FY25. The company's Board of Directors approved the audited financial results for the half year and year ended March 31, 2026, during a meeting held on May 27, 2026.

The company has not generated any revenue from its principal business operations during the year under review, which indicates uncertainty regarding the continuation of its existing business activities. Management has represented that Reetech International is exploring and proposing to commence operations in a new line of business relating to dealing in real estate. The financial results have been prepared on a going concern basis based on management's assessment of future business prospects.

Financial Performance

The consolidated total income from operations for the year ended March 31, 2026, stood at ₹188.82 lakh, a decrease from ₹1,330.23 lakh in the previous year. This decline was primarily due to the absence of revenue from operations, which was nil in FY26 compared to ₹1,192.61 lakh in FY25. Other income for the year increased to ₹188.82 lakh from ₹137.61 lakh in the prior year. Total expenses for the year reduced significantly to ₹172.24 lakh from ₹1,357.13 lakh in FY25, driven by the cessation of stock-in-trade purchases.

The profit before tax for the consolidated results was ₹38.24 lakh for FY26, compared to a loss of ₹435.05 lakh in the previous year. This turnaround was supported by a share of profit of ₹21.66 lakh from the associate company, M/s. M Ahuja Project (India) Private Limited, compared to a loss of ₹408.15 lakh in the prior year. The statutory auditors, Jay Gupta & Associates, issued an unmodified opinion on the standalone and consolidated financial results.

Key Financial Metrics (Consolidated)

Particulars Year Ended March 31, 2026 (₹ in Lakhs) Year Ended March 31, 2025 (₹ in Lakhs)
Total Income from Operations 188.82 1,330.23
Total Expenses 172.24 1,357.13
Profit for the Period 40.99 (433.51)
Earnings Per Share (Basic) 0.97 (10.26)

Board Decisions and Auditor Appointments

During the Board meeting, the directors also approved the re-appointment of M/s PSNV & Associates LLP as the Internal Auditors of the company for the financial year 2026-27. The appointment was made to comply with the Companies Act, 2013, and the requirements under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting commenced at 02:00 p.m. and concluded at 05:00 p.m.

The company also informed the Bombay Stock Exchange that Regulation 23 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, pertaining to Related Party Transactions, is not applicable as the company does not meet the applicability criteria prescribed under the said regulation. The net worth of the company as per the audited financial statements for the year ended March 31, 2025, was ₹1,485.83 lakh.

Historical Stock Returns for Reetech International

1 Day5 Days1 Month6 Months1 Year5 Years
-9.95%-9.95%-9.95%-23.52%-26.90%-69.81%

What specific real estate projects or segments does Reetech International plan to target to replace its ceased cargo operations?

How will the company finance the proposed transition into real estate given the absence of revenue from principal business activities?

What is the expected timeline for the commencement of the new business line and when will it start contributing to the top line?

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Reetech International Limited Reschedules Board Meeting to May 27, 2026 for FY26 Financial Results Approval

1 min read     Updated on 16 May 2026, 08:47 PM
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Naman SScanX News Team
AI Summary

Reetech International Limited has rescheduled its Board of Directors meeting to Wednesday, May 27, 2026, at 02:00 p.m. at its Registered Office in Raipur, following an earlier postponement communicated on May 08, 2026. The board will consider approval of audited financial results (standalone and consolidated) for the half year and year ended March 31, 2026, under Regulation 33 of SEBI (LODR) Regulations, 2015. The reappointment of M/s PSNV & Associates LLP, Chartered Accountants, Raipur, as Internal Auditors for FY 2026-27 is also on the agenda. The trading window for insiders will remain closed until 48 hours after the conclusion of the board meeting.

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Reetech International Limited has notified BSE Limited of the rescheduling of its Board of Directors meeting, originally postponed as communicated on Friday, May 08, 2026. The rescheduled meeting is set to be held on Wednesday, May 27, 2026, at 02:00 p.m. at the company's Registered Office located in Raipur, Chhattisgarh. The intimation was filed under Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Agenda Items for the Board Meeting

The board meeting has been convened to transact several significant matters. The following table outlines the key agenda items scheduled for consideration:

Agenda Item: Details
Financial Results Approval: Audited Financial Results (Standalone and Consolidated) for the half year and year ended March 31, 2026, along with the Audit Report
Regulatory Compliance: Pursuant to Regulation 33 of SEBI (LODR) Regulations, 2015
Internal Auditor Reappointment: M/s PSNV & Associates LLP, Chartered Accountants, Raipur, for Financial Year 2026-27
Other Business: Any other matter with the permission of the Chairman

Trading Window Closure for Insiders

In accordance with the company's Code of Conduct for Insider Trading under SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for dealing in the securities of Reetech International Limited will continue to remain closed for insiders. The closure applies to Directors, Promoters, Designated Persons, Senior Management Personnel, and their immediate relatives. The trading window will reopen 48 hours after the conclusion of the board meeting in which the audited financial results and audit report for the half year and year ended March 31, 2026, are approved.

Company Details

The intimation was signed by Mahendra Ahuja, Managing Director (DIN: 00247075), on behalf of Reetech International Limited, from Raipur, Chhattisgarh, and is dated May 16, 2026.

Historical Stock Returns for Reetech International

1 Day5 Days1 Month6 Months1 Year5 Years
-9.95%-9.95%-9.95%-23.52%-26.90%-69.81%

What do Reetech International's audited financial results for FY2026 reveal about the company's revenue growth and profitability trends in the cargo and courier sector?

How might the reappointment of M/s PSNV & Associates LLP as Internal Auditor signal continuity or changes in Reetech International's internal control framework going forward?

Will the approval of consolidated financial results indicate any significant expansion or new subsidiaries added by Reetech International during FY2026?

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1 Year Returns:-26.90%