Rhetan TMT Limited Reports FY26 Financial Results; Company Secretary Resigns
Rhetan TMT Limited announced audited FY26 financial results showing profit growth to Rs. 1029.78 lakh from Rs. 494.90 lakh, despite revenue declining to Rs. 3295.72 lakh. The company published mandatory newspaper advertisements on May 3, 2026, complying with SEBI regulations, while also announcing the resignation of Company Secretary Mrs. Riddhi Mit Shah effective April 30, 2026.
*this image is generated using AI for illustrative purposes only.
Rhetan TMT Limited has announced its audited financial results for the quarter and year ended 31st March, 2026, following a Board meeting held on 2nd May, 2026. The company reported total income of Rs. 3295.72 lakh for FY26, compared to Rs. 4059.31 lakh in the previous year. Profit for the year stood at Rs. 1029.78 lakh, with earnings per share of Rs. 0.18 on both basic and diluted basis.
Financial Performance Summary
The statutory auditors, GMCA & Co., Chartered Accountants (FRN: 109850W), issued an audit report with unmodified opinion on the financial results. The company operates in a single segment focused on manufacturing of TMT Bars and has adopted Indian Accounting Standards (Ind AS) from 1st April, 2024.
| Particulars: | Year Ended 31/03/2026 | Year Ended 31/03/2025 |
|---|---|---|
| Total Income: | Rs. 3295.72 lakh | Rs. 4059.31 lakh |
| Total Expenses: | Rs. 1978.98 lakh | Rs. 3533.22 lakh |
| Profit for the Period: | Rs. 1029.78 lakh | Rs. 494.90 lakh |
| Earnings Per Share (Basic): | Rs. 0.18 | Rs. 0.06 |
| Total Assets: | Rs. 16511.61 lakh | Rs. 12350.42 lakh |
| Total Equity and Liabilities: | Rs. 16511.61 lakh | Rs. 12350.42 lakh |
Balance Sheet Position
The company's balance sheet shows total assets of Rs. 16511.61 lakh as at 31st March, 2026, comprising non-current assets of Rs. 4139.60 lakh and current assets of Rs. 12372.01 lakh. Equity stood at Rs. 10861.41 lakh, with share capital of Rs. 7968.75 lakh and other equity of Rs. 2892.66 lakh. Non-current liabilities increased to Rs. 2741.01 lakh, while current liabilities stood at Rs. 2909.19 lakh.
Cash Flow Analysis
The cash flow statement for FY26 shows net cash from operating activities of Rs. 134.43 lakh, net cash used in investing activities of Rs. 869.99 lakh, and net cash from financing activities of Rs. 736.02 lakh. Cash and cash equivalents at the end of the year were Rs. 30.24 lakh, compared to Rs. 29.78 lakh at the beginning of the year.
Regulatory Compliance
In compliance with Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company published an advertisement of its audited financial results on 3rd May, 2026. The advertisement was published in one English daily newspaper and one daily newspaper in the regional language where the company's registered office is situated. Managing Director Shalin A. Shah submitted the formal notification to both BSE Limited and National Stock Exchange of India Limited.
| Compliance Details: | Information |
|---|---|
| Advertisement Date: | 3rd May, 2026 |
| Regulation: | SEBI (LODR) Regulations, 2015 - Section 47 |
| Publication: | English and Regional Language Newspapers |
| Authorized Signatory: | Shalin A. Shah, Managing Director (DIN: 00297447) |
Management Changes
Separately, the company informed BSE and NSE about the resignation of Company Secretary and Compliance Officer, Mrs. Riddhi Mit Shah (ACS: A70953), effective 30th April, 2026. Mrs. Shah resigned to pursue better career opportunities. The notification was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Managing Director Shalin A. Shah (DIN: 00297447) signed the formal intimation letter submitted to the stock exchanges.
Historical Stock Returns for Rhetan TMT
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.81% | +1.61% | +4.45% | +32.36% | +45.42% | +45.42% |
What factors contributed to the 19% decline in revenue despite a doubling of profit margins, and is this trend sustainable?
How will the company address the compliance gap following the resignation of its Company Secretary, and what timeline is expected for appointing a replacement?
Given the significant increase in total assets from Rs. 12,350 lakh to Rs. 16,511 lakh, what expansion or acquisition activities is the company planning?
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