rexpro enterprises has confirmed that its promoters and promoter group have not created any encumbrance on their shareholdings during the financial year ended March 31, 2026. The disclosure, submitted to the National Stock Exchange of India, assures stakeholders that the shares held by the promoters remain free from charges such as pledges or hypothecation as of the specified date. This compliance filing is crucial for maintaining transparency regarding the ownership structure of the company.

The declaration was made pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation mandates that promoters disclose any encumbrance of shares to the stock exchanges. The filing confirms that no such encumbrance was made, directly or indirectly, by the promoters, promoter group, or persons acting in concert throughout FY26.

Premal Niranjani Shah, the Promoter and Chairman & Managing Director of the company, signed the disclosure on behalf of the promoter and promoter group. The letter was addressed to the General Manager – Listing at the National Stock Exchange of India Ltd and the Audit Committee of Rexpro Enterprises Limited.

Key Details of the Disclosure

Rexpro Enterprises Limited reported a 72% decline in net profit to ₹225.17 lakh for the financial year ended March 31, 2026, compared to ₹801.10 lakh in the previous year. Revenue from operations fell 25% to ₹7,361.71 lakh from ₹9,830.30 lakh in FY25. The company's Board of Directors approved the audited standalone and consolidated financial results for the year and half-year ended March 31, 2026, at a meeting held on May 28, 2026.

The statutory auditor, Mittal Agarwal & Company, issued an unmodified opinion on the financial results. For the year ended March 31, 2026, the company reported a total income of ₹7,654.40 lakh, down from ₹9,876.44 lakh in the prior year. Total expenses decreased to ₹7,334.56 lakh from ₹8,806.82 lakh. The basic earnings per share (EPS) stood at ₹2.01, significantly lower than ₹9.43 in the previous year.

Financial Performance

On a consolidated basis, the company reported a net profit of ₹219.83 lakh for FY26, down from ₹801.10 lakh in FY25. Consolidated revenue from operations stood at ₹7,368.92 lakh, compared to ₹10,658.82 lakh in the previous year. The consolidated results include the financials of subsidiaries Progulf Warehousing Solutions LLP and Rex Lusso Private Limited.

IPO Proceeds Utilization

The company, which listed its shares following an Initial Public Offer (IPO) in FY25, provided an update on the utilization of issue proceeds. Out of the gross proceeds of ₹4,712.50 lakh, the company utilized ₹2,873.90 lakh as of March 31, 2026. The funds were primarily used for funding working capital (₹1,000 lakh), general corporate expenses (₹584 lakh), and the purchase of equipment and factory renovation (₹1,013.40 lakh). A sum of ₹1,838.60 lakh remains pending utilization.

Unutilized proceeds amounting to ₹2,000 lakh were deployed in fixed deposits with The Cosmos Co-op Bank Ltd, yielding a return of 7.50%. The company noted a delay in the implementation of the 'Purchase of Equipment and Renovation of Factory' object, which was originally scheduled for completion by March 31, 2025, but is now delayed by 12 months and continuing.