Retaggio Industries Limited has secured shareholder approval to revise the remuneration of its Managing Director, Mr. Savinay Lodha, effective from April 01, 2026. The resolution was passed through a postal ballot conducted via remote e-voting, with the results declared on June 03, 2026. This approval adjusts the compensation package for the company's top executive, a move that required member consent under regulatory frameworks.

The postal ballot process was initiated following a notice dated April 15, 2026, and was conducted in compliance with the Companies Act, 2013, and regulations set by the Securities and Exchange Board of India (SEBI). The company engaged National Securities Depository Limited (NSDL) as the e-voting service provider to facilitate the remote voting process. The resolution was deemed passed on the last date of remote e-voting, which concluded on June 03, 2026.

The special resolution sought consent specifically for the revision in remuneration for Mr. Savinay Lodha (DIN: 02634124). The notice and explanatory statements were dispatched to shareholders whose email addresses were registered with Bigshare Services Private Limited, the company's Registrar and Transfer Agent, as of the cut-off date of April 24, 2026. A public advertisement regarding the dispatch of the notice was published in Business Standard and Prathakal on May 06, 2026.

Scrutinizer's Report Findings

Nishant Bajaj & Associates, Practicing Company Secretaries, were appointed as the Scrutinizer to oversee the postal ballot process. The firm confirmed that the remote e-voting period commenced on May 05, 2026, and concluded on June 03, 2026. The report noted that hard copies of the notice were not sent to members in accordance with Ministry of Corporate Affairs (MCA) Circulars, and communication took place solely through the remote e-voting system.

Summary of Postal Ballot Proceedings

The proceedings of the postal ballot were submitted to BSE Limited, referencing Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing confirmed the successful passage of the special resolution regarding the Managing Director's remuneration.

The scrutinizer's report detailed the voting outcome, indicating that the resolution received unanimous support from the participating members.

Retaggio Industries has announced its audited standalone financial results for the quarter and financial year ended March 31, 2026. The Board of Directors approved the results at its meeting held on May 15, 2026. The company reported a significant turnaround in financial performance for the fiscal year, with revenue, profitability, and operating metrics all registering sharp gains over the prior year. Statutory auditors M/s. Gopal Agarwal & Co., Chartered Accountants (FRN: 000383C) issued an unmodified opinion on the audited financial results for the quarter and year ended March 31, 2026.

Financial Performance

For the financial year ended March 31, 2026, Retaggio Industries posted total revenue of Rs 8,398.45 lakh, compared to Rs 2,349.21 lakh in the previous year. Net profit for the year surged to Rs 894.68 lakh from Rs 243.29 lakh in FY25, while total expenses rose to Rs 7,345.89 lakh from Rs 2,062.99 lakh. Profit before tax for the year was Rs 1,052.56 lakh, against Rs 286.22 lakh in the previous year, with current tax expenses of Rs 157.88 lakh. The basic and diluted earnings per share (EPS) for the year stood at Rs 4.92, up from Rs 2.60 in the prior year.

In the fourth quarter, revenue from operations stood at Rs 5,143.67 lakh, compared to Rs 1,146.24 lakh in the same quarter of the previous year. Net profit for Q4 came in at Rs 468.26 lakh after current tax of Rs 82.63 lakh, marking a strong recovery from the net loss of Rs 143.43 lakh reported in the same quarter of the previous year. The paid-up equity share capital as at March 31, 2026 stood at Rs 1,816.82 lakh.

The following table summarises the key financial metrics across periods:

EBITDA Performance

The company's operating performance in Q4 reflected a marked improvement, with EBITDA turning positive on a year-on-year basis. Q4 EBITDA came in at 61M rupees, compared to a loss of 11M rupees in the same quarter of the previous year. The Q4 EBITDA margin stood at 11.87%, underscoring the improvement in operational efficiency alongside the strong revenue growth recorded during the quarter.

Balance Sheet Highlights

As at March 31, 2026, total assets stood at Rs 8,854.01 lakh, compared to Rs 3,854.57 lakh as at March 31, 2025. Key asset movements included trade receivables rising to Rs 4,936.55 lakh from Rs 1,502.54 lakh, inventories increasing to Rs 1,717.07 lakh from Rs 1,655.27 lakh, and loans and advances growing to Rs 1,558.36 lakh from Rs 96.72 lakh. On the equity and liabilities side, equity share capital increased to Rs 1,816.82 lakh from Rs 936.82 lakh, reserves and surplus rose to Rs 3,383.86 lakh from Rs 1,166.31 lakh, and money received against share warrants stood at Rs 1,073.04 lakh.

Cash Flow Summary

For the year ended March 31, 2026, net cash used in operating activities was Rs -2,524.19 lakh, compared to net cash generated of Rs 68.06 lakh in the previous year, primarily driven by a significant increase in trade receivables of Rs -3,763.12 lakh. Net cash used in investing activities was Rs -6.26 lakh. Net cash from financing activities was Rs 2,530.13 lakh, supported by an increase in share capital of Rs 880.00 lakh, proceeds from convertible warrants of Rs 1,073.04 lakh, proceeds from long-term borrowings of Rs 451.69 lakh, and proceeds from short-term borrowings of Rs 265.17 lakh. Cash and cash equivalents at the end of the year stood at Rs 0.94 lakh.

Corporate Governance Updates

The board approved several governance and compliance measures at its May 15, 2026 meeting. Mr. Vinaykumar Kadedeen Yadav was appointed as Internal Auditor under Section 138(1) of the Companies Act, 2013 for the financial year 2026-27. Mr. Yadav is a commerce graduate with over 10 years of experience in accounting and finance, with expertise in financial accounting, internal controls, regulatory compliance, and the jewellery industry.

The board also constituted the Corporate Social Responsibility (CSR) Committee effective May 15, 2026, and adopted the CSR Policy in compliance with applicable provisions of the Companies Act, 2013. The committee composition is as follows:

Additionally, the board approved limits for borrowing up to Rs 200 Crore under Section 180(1)(c) of the Companies Act, 2013, and for the disposal of undertakings or creation of security over assets up to Rs 200 Crore under Section 180(1)(a), both subject to shareholder approval by way of special resolution.