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.

Retaggio Industries Limited has allotted a seventh tranche of 3,06,000 equity shares of Rs. 10/- each, fully paid up, upon conversion of an equivalent number of convertible warrants on a preferential basis. The allotment was approved at a Board of Directors meeting held on May 12, 2026. The equity shares were issued at Rs. 26/- per share, comprising a face value of Rs. 10/- and a premium of Rs. 16/-.

Allotment Details

The shares were allotted to Retaggio Hospitality LLP, part of the Promoter Group. The allottee had previously paid 25% of the allotment price at the time of warrant subscription, with the balance 75% paid subsequently to trigger the conversion. The conversion ratio was 1:1, meaning one equity share was issued for each convertible warrant.

Regulatory Disclosures

The allotment was carried out in accordance with a special resolution passed by shareholders on December 11, 2025, and pursuant to in-principle approval from BSE Limited. Savinay Lodha, Designated Partner of Retaggio Hospitality LLP, filed a disclosure under Regulation 7(2) read with Regulation 6(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015, on May 13, 2026. The warrants were originally allotted on January 13, 2026, at Rs. 6.5/- per warrant.

Impact on Share Capital

Consequent to this allotment, the paid-up equity share capital of the company has increased to Rs. 19,53,61,600/-. The total number of equity shares now stands at 1,95,36,160. Post-allotment, Retaggio Hospitality LLP holds 1.57% of the total share capital.

The newly issued equity shares rank pari-passu with the existing equity shares of the company in all respects. Warrant holders were entitled to exercise their warrants within 18 months from the date of allotment.