Riddhi Steel and Tube Limited reported a net profit of ₹1,145.37 lakh for the financial year ended March 31, 2026, marking a 51% increase from ₹758.65 lakh in the previous year. Revenue from operations for the year stood at ₹45,788.34 lakh, compared to ₹39,113.34 lakh in FY25. The board approved the annual audited standalone financial results for the half and year ended March 31, 2026, at a meeting held on May 30, 2026.

Financial Performance

The company’s total revenue for FY26 reached ₹46,099.85 lakh, up from ₹39,394.25 lakh in the prior year. Total expenses for the period were ₹44,518.10 lakh, an increase from ₹38,374.26 lakh in FY25. Basic earnings per share (EPS) improved to ₹9.21 for FY26 from ₹9.15 in the previous year. For the half year ended March 31, 2026, the company recorded a net profit of ₹536.96 lakh on revenue from operations of ₹21,108.47 lakh.

Auditor and Governance Appointments

M/s. Ashok Rajpara And Co, Statutory Auditor, issued an unmodified opinion on the financial results. The board appointed M/s. G R Shah & Associates as the Secretarial Auditor and M/s. C. P. Shah & Associates as the Internal Auditor for Financial Year 2025-26. Additionally, M/s. Mayur Chhaganbhai Undhad & Co. was appointed as the Cost Auditor for Financial Year 2026-27. These appointments were made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Financial Metrics

The trading window for directors and designated persons, which had been closed since April 1, 2026, will reopen 48 hours after the financial results are made public. The meeting was intimated to BSE Limited pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Riddhi Steel and Tube Limited announced a change in its Key Managerial Personnel at a Board of Directors meeting held on Thursday, May 7, 2026. The Board acknowledged the resignation of Mr. Gaurav Ramesh Khandelwal from the role of Company Secretary and Compliance Officer, and simultaneously approved the appointment of a successor. The disclosures were made in compliance with Regulation 30 read with Schedule III Part A (7) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Resignation of Company Secretary

Mr. Gaurav Ramesh Khandelwal (Membership No. A65926) tendered his resignation from the position of Company Secretary and Compliance Officer of Riddhi Steel and Tube Limited, citing personal commitments and other assignments. His cessation was effective at the end of business hours on May 6, 2026. In his resignation letter addressed to the Board of Directors, Mr. Khandelwal expressed gratitude to the Board and management for their support during his tenure and requested the necessary intimations be submitted to the Bombay Stock Exchange and the Registrar of Companies, Ahmedabad.

The key details of the resignation are summarised below:

Appointment of New Company Secretary

On the recommendation of the Nomination and Remuneration Committee, the Board of Directors approved the appointment of Ms. Deepika Vinitkumar Agrawal (ACS: 46516) as the Company Secretary and Compliance Officer of Riddhi Steel and Tube Limited with effect from May 7, 2026. Her terms of appointment are as recommended by the Nomination and Remuneration Committee and approved by the Board of Directors.

The key details of the appointment are as follows:

Profile of the Appointee

Ms. Deepika Vinitkumar Agrawal is an Associate Member of the Institute of Company Secretaries of India. She brings with her a sound understanding of secretarial compliances, corporate governance, and business management, and has been deemed qualified to serve as the Company Secretary and Compliance Officer of the Company.

Board Meeting Details

The Board meeting was convened on Thursday, May 7, 2026, commencing at 05:45 P.M. and concluding at around 06:30 P.M. The intimation was signed by Rajeshkumar Ramkumar Mittal, Managing Director (DIN: 00878934), on behalf of Riddhi Steel and Tube Limited.