Riddhi Steel & Tube reported a 51% year-on-year increase in net profit for the fiscal year ended March 31, 2026 (FY26). The Ahmedabad-based steel pipe manufacturer also fixed September 25, 2026 as the record date for its 25th Annual General Meeting (AGM).

The Board of Directors approved these details during a meeting held on September 7, 2026. The session commenced at 4:00 pm and concluded at 5:00 pm. Directors considered and approved the draft Director's Report for the fiscal year ended March 31, 2026.

Financial Performance

The company's financial results for FY26 reflect strong operational gains compared to the previous fiscal year.

Revenue from operations rose to ₹45,788.34 lakh from ₹39,113.34 lakh in FY25. The profit before depreciation, finance costs, exceptional items, and tax expense increased to ₹3,242.16 lakh from ₹2,472.00 lakh.

Capital Structure Changes

During the year under review, the company increased its authorized share capital from ₹8.5 crore to ₹15 crore. This was approved via an Ordinary Resolution passed by shareholders in an Extra Ordinary General Meeting held on January 27, 2026.

Additionally, the paid-up share capital increased to ₹12.43 crore through a bonus issue in the ratio of 1:2. The board approved this allotment of 41,45,126 equity shares on February 18, 2026.

AGM Details

The 25th AGM is scheduled for Wednesday, September 30, 2026, at 3:00 pm IST at the registered office in Ahmedabad.

• Record Date: Friday, September 25, 2026
• Book Closure: Monday, September 21, 2026 to Wednesday, September 30, 2026
• Scrutinizer: M/s G R Shah & Associates

Shareholders on record as of September 25, 2026, will be eligible to exercise voting rights and attend the meeting. The company filed this update under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Rajeshkumar Ramkumar Mittal, Managing Director, signed the disclosure.

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.