Responsive Industries Limited reported a 25.4% decline in consolidated net profit to ₹14,842.70 lakh for the financial year ended March 31, 2026, compared to ₹19,886.17 lakh in the previous year. Revenue from operations for the year stood at ₹1,39,411.82 lakh, a decrease from ₹1,41,791.19 lakh in FY25. The board of directors recommended a final dividend of Re. 0.10 per equity share, subject to shareholder approval at the ensuing Annual General Meeting. The company published the audited standalone and consolidated financial results in the Financial Express and Mumbai Lakshadeep on May 27, 2026, pursuant to Regulation 47(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

For the quarter ended March 31, 2026, the company recorded a consolidated net profit of ₹2,282.28 lakh, a significant drop from ₹5,424.87 lakh in the same quarter of the previous year. Revenue from operations for the quarter rose to ₹43,033.99 lakh from ₹38,066.05 lakh in the corresponding period last year. Total income for the quarter was ₹43,311.16 lakh. The company's statutory auditors, M/s. Shah & Taparia, issued an unmodified opinion on the audited standalone and consolidated financial results.

Consolidated Financial Performance

The consolidated financial results for the year ended March 31, 2026, reflect a contraction in profitability despite operational activity. Total expenses for the year increased to ₹1,24,928.43 lakh from ₹1,21,654.66 lakh in the prior year. Profit before tax for the year stood at ₹15,436.78 lakh, down from ₹20,977.80 lakh. The company reported an exceptional item of ₹54.13 lakh for the year related to the statutory impact of new Labour Codes.

Q4 Operating Performance

The quarter ended March 31, 2026, saw a sharp deterioration in operating profitability. Q4 EBITDA stood at ₹437M compared to ₹789M in the same quarter of the previous year, reflecting the pressure on margins during the period. The EBITDA margin contracted significantly to 10.77% from 20.72% year-on-year, underscoring the impact of rising costs on operational efficiency. The following table summarises the key Q4 metrics:

Standalone Results and Segment Reporting

On a standalone basis, the company reported a net profit of ₹1,407.66 lakh for FY26, a sharp decline from ₹3,172.18 lakh in the previous year. Revenue from operations for the standalone entity decreased to ₹54,115.12 lakh from ₹55,573.89 lakh. For the quarter ended March 31, 2026, standalone net profit was ₹191.23 lakh, while revenue from operations was ₹12,853.27 lakh. The company noted that its primary business segment consists of articles made out of PVC/Polymers, and as such, segment reporting requirements under Ind AS 108 are not applicable.

The board, in its meeting held on May 26, 2026, approved the audited financial results. The meeting commenced at 12:00 P.M. and concluded at 02:20 P.M. The company's subsidiaries include Responsive Industries Limited (Hong Kong), Responsive Industries LLC (USA), and Axiom Cordages Limited (Hong Kong). The auditors confirmed that the financial results give a true and fair view of the company's financial position.

Rishabh Agarwal has resigned as Non-Executive Non-Independent Director & Chairperson of responsive industries effective May 26, 2026. The resignation, tendered via a letter dated May 20, 2026, was for personal reasons and includes his departure from all board committees where he held membership. The Board of Directors expressed gratitude for his guidance and contributions during his tenure.

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company disclosed that Agarwal confirmed there are no other material reasons for his resignation. He specifically stated there are no concerns or disputes relating to the affairs or management of the company. Additionally, he confirmed he is not disqualified under any provision of the Companies Act, 2013 or any other applicable law, and there are no pending dues, liabilities, or disputes between himself and the company.

The company has requested the Board to acknowledge the resignation and file Form DIR-12 with the Registrar of Companies, Mumbai within 30 days of May 26, 2026. Necessary disclosures will be made to the stock exchanges as required under Regulation 30 of the SEBI (LODR) Regulations, 2015. Agarwal ceased to be a member of the Board and all its committees, including those constituted under the Companies Act, 2013 and SEBI LODR Regulations, upon the acceptance of his resignation.

The disclosure details regarding the resignation are summarized below:

Agarwal holds no directorships in other listed entities, as per the filing. The resignation was formally acknowledged by the company on May 26, 2026.