Restile Ceramics Limited has announced the resignation of its Chairman and Non-Executive Director Mr. Nalinkant Amratlal Rathod, effective from the close of business hours on March 30, 2026. The resignation was communicated to BSE Limited in compliance with regulatory disclosure requirements under SEBI regulations.

Director and Chairman Resignation Details

Mr. Nalinkant Amratlal Rathod, holding Director Identification Number (DIN) 00272129, submitted his resignation letter on March 30, 2026. The resignation was attributed to increased professional obligations and his inability to devote adequate time to the company's affairs. The company filed the disclosure with BSE Limited on March 31, 2026, referencing the initial disclosure submitted on March 30, 2026.

Regulatory Compliance and Documentation

The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure includes the requisite information as required under Clause 7B of Para A of Part A of Schedule III of the SEBI (LODR) Regulations, 2015 and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. The formal communication was addressed to BSE Limited's Corporate Relations Department with all required annexures attached.

Confirmation of No Material Reasons

The company has received written confirmation from Mr. Rathod that there are no material reasons for his resignation other than those mentioned in his resignation letter dated March 30, 2026. In his resignation letter, Mr. Rathod expressed gratitude to fellow Board members and the management team for their collaboration and support during his tenure, stating it had been a privilege to serve on the Board.

Company Secretary Communication

The disclosure was signed by Ms. Palak Kumari, Company Secretary and Compliance Officer (Membership No. A69959), ensuring proper documentation and regulatory compliance. Mr. Rathod's address is listed as 291, Ocean Drive, #13-13, The Oceanfront @ Sentosa Cove, Singapore 098532.

Restile Ceramics Limited, incorporated in 1986 with CIN L26931GJ1986PLC102350, operates in the ceramics manufacturing sector with its registered office in Vadodara, Gujarat, and maintains a branch office in Hyderabad. The company's product portfolio includes brands such as Granamite, Mirrorstone, PearlRock, MarboGranit, Impacta, and Gripmax.

Restile Ceramics Limited has released its unaudited financial results for the quarter and nine months ended December 31, 2025 (Q3FY26), presenting a mixed performance across different reporting periods. The Board of Directors approved these results at their meeting held on February 05, 2026.

Q3FY26 Financial Performance

The company's third quarter performance showed challenges with revenue declining compared to the previous quarter. Key quarterly metrics demonstrate the operational dynamics:

Nine-Month Cumulative Results

The nine-month performance for the period ended December 31, 2025 showed significant improvement compared to the corresponding previous period:

Operational Expenses and Cost Structure

The company's expense structure for Q3FY26 included purchases of stock-in-trade amounting to ₹148.76 lakhs, employee benefits expenses of ₹8.65 lakhs, and depreciation of ₹9.53 lakhs. Other expenses totaled ₹164.88 lakhs during the quarter.

Auditor's Qualified Opinion

M.S. Krishnaswami & Rajan, Chartered Accountants, issued a qualified review report highlighting material uncertainty regarding the company's ability to continue as a going concern. The auditors noted negative operating cash flows, substantial operating losses, and significant deterioration in asset values. The company is addressing these concerns through proposed restructuring of operations.

Business Segment and Products

Restile Ceramics operates exclusively in the vitrified tiles segment, with the Board of Directors serving as the Chief Operating Decision Maker identifying this as the company's single reportable segment. The company's product portfolio includes:

• Granamite
• Mirrorstone
• PearlRock
• MarboGranit
• Impacta
• Gripmax

Regulatory and Compliance Updates

The company reported an exceptional item of ₹0.98 lakhs related to increased employee benefit liabilities arising from the implementation of new Labour Codes notified by the Government of India on November 21, 2025. The trading window for the company's securities will reopen on February 07, 2026, following the announcement of these financial results.