Restile Ceramics Limited will hold its 40th Annual General Meeting on Wednesday, September 09, 2026, at 12:00 Noon (IST). The meeting is scheduled to take place exclusively through Video Conferencing or Other Audio-Visual Means, ensuring shareholder participation without physical presence. This virtual format aligns with ongoing regulatory permissions from the Ministry of Corporate Affairs and the Securities and Exchange Board of India, allowing companies to conduct general meetings remotely while maintaining quorum requirements under Section 103 of the Companies Act, 2013.

The decision to conduct the AGM virtually was communicated pursuant to Regulation 30 and Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. A public notice regarding the meeting was published in the Financial Express in both English and Gujarati editions on Monday, August 10, 2026. The company emphasized that members can attend and participate only through the VC/OAVM facility provided by Central Depository Services (India) Limited.

Meeting Logistics and Shareholder Access

Shareholders will receive the Notice of the AGM and the Annual Report for the Financial Year 2025-26 electronically. Restile Ceramics Limited stated that hard copies of these documents will not be dispatched to any shareholders, in compliance with SEBI circulars promoting paperless communication.

To facilitate access, the electronic copies are available on the company’s website at https://restile.com/investor-relation/ and on the BSE Limited website. Shareholders holding shares in dematerialized mode are requested to ensure their email addresses and mobile numbers are registered with their respective depository participants. Those holding physical shares must furnish their contact details to the Registrar and Share Transfer Agent, Cameo Corporate Services Limited, along with a self-attested copy of their PAN Card.

Voting Procedures

The company will provide remote e-voting facilities to all members. Shareholders may cast their votes either during the remote e-voting period preceding the meeting or during the AGM itself. Detailed instructions for joining the meeting and casting votes will be included in the formal Notice of the AGM. For shareholders whose email IDs are not registered with the company, RTA, or DP, a letter containing the weblink to access the Annual Report and AGM Notice will be sent, as mandated by Regulation 36(1)(b) of the SEBI Listing Regulations.

Key Dates and Details

The management highlighted that attendance via VC/OAVM will count toward the quorum requirement. The company secretary, Palak Kumari, confirmed the filing with BSE Limited, ensuring all regulatory disclosures were made timely. Investors are advised to monitor their registered email addresses for login credentials required for e-voting.

Restile Ceramics Limited reported a standalone net loss of ₹16.10 lakh for the quarter ended June 30, 2026, widening from a loss of ₹10.92 lakh in Q1FY25. Revenue from operations rose 121% year-on-year to ₹166.77 lakh, but total expenses surged to ₹182.87 lakh, driven by higher purchases of stock-in-trade and consistent depreciation costs. The deterioration in profitability has prompted statutory auditors to raise significant concerns about the company’s ability to continue as a going concern.

The Board of Directors approved the unaudited financial results on July 24, 2026, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by the Audit Committee before board approval. In addition to the financial outcomes, the Board appointed M/s. R K Doshi & Co LLP as the internal auditor for FY27 and proposed new Articles of Association to align with the Companies Act, 2013, subject to shareholder approval.

Financial Performance

Revenue growth was led by a sharp increase in purchases of stock-in-trade, which rose to ₹157.91 lakh from ₹75.25 lakh in Q1FY25. However, this did not translate into bottom-line improvement. Employee benefits expenses remained stable at ₹8.39 lakh, while depreciation and amortisation expense held steady at ₹9.53 lakh. Other expenses decreased slightly to ₹6.41 lakh from ₹6.06 lakh in the prior year period. The company reported no other income or finance costs for the quarter.

Auditor Concerns

Statutory auditors M.S. Krishnaswami & Rajan issued a qualified conclusion on the interim financial statements. The audit report highlighted that the company has generated negative operating cash flows, incurred substantial operating losses, and experienced significant deterioration in the value of assets used to generate cash flows. These factors indicate a material uncertainty regarding Restile Ceramics’ ability to continue as a going concern for a reasonable period of time. The attached statement does not include adjustments that might result from these uncertainties.

What the Numbers Show

The divergence between revenue growth and profit expansion reveals structural margin pressure. While revenue more than doubled year-on-year, total expenses increased at a comparable rate, leaving the net loss wider than the prior year. The consistency of depreciation charges (₹9.53 lakh per quarter) suggests fixed cost burdens remain high relative to operational scale. Furthermore, the accumulation of losses is evident in the balance sheet, with other equity standing at a deficit of ₹13,000.38 lakh as of March 31, 2026. The auditor’s qualification underscores that current operational restructuring efforts have not yet resolved the fundamental cash flow deficits threatening long-term viability.