RIR Power Electronics CFO resigns effective June 2, 2026

Rir Power Electronics announced the resignation of its Chief Financial Officer, Mr. Ramesh Gopal Trasi, effective June 2, 2026. The resignation was submitted via a letter dated June 2, 2026, and attributed to pre-occupation with other role and responsibilities. The disclosure was made to the Bombay Stock Exchange under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company provided the required details in accordance with Regulation 30 read with Schedule III - Para A(7C) of Part A of the Listing Regulations and SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023. The filing was signed by Bhavin P Rambia, Company Secretary.

Resignation Details

The specifics of the cessation were outlined in the annexure to the regulatory filing. The table below summarizes the key particulars provided by the company.

Sr. No.	Particulars	Description
1.	Reason for Change	Resignation of Mr. Ramesh Gopal Trasi as the Chief Financial Officer of the Company on account of pre-occupation with other role and responsibilities.
2.	Date of cessation	2nd June, 2026
3.	Brief Profile	Not Applicable
4.	Shareholding, if any, in the Company	NIL
5.	Disclosure of relationships between directors	Not Applicable
6.	Information as required pursuant to BSE circular ref no. LIST/ COMP/ 14/ 2018-19	Not Applicable

The company requested the exchange to take the information on record. No further details regarding the succession plan or the specific nature of the new role undertaken by Mr. Trasi were disclosed in the filing.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.46%	-4.15%	+0.94%	-21.94%	-27.26%	+3,407.13%

RIR Power Electronics Limited reported a net profit of ₹6.72 crore for the financial year ended March 31, 2026, a decrease of 18.81% from ₹8.28 crore in the previous year. Revenue from operations for FY26 stood at ₹90.87 crore, an increase of 5.41% compared to ₹86.21 crore in FY25. The company's Adjusted EBITDA for the year was ₹10.58 crore, with a margin of 11.64%, reflecting a contraction of 158 basis points year-on-year.

For the quarter ended March 31, 2026 (Q4 FY26), the company reported a net profit of ₹1.39 crore, a significant increase of 212.53% quarter-on-quarter from ₹0.44 crore in Q3 FY26. Revenue from operations in Q4 FY26 was ₹23.95 crore, up 18.16% quarter-on-quarter. On a year-on-year basis, Q4 net profit declined by 45.54% from ₹2.55 crore, while revenue decreased by 9.50% from ₹26.46 crore. The Adjusted EBITDA for Q4 FY26 was ₹2.46 crore, with a margin of 10.29%.

Strategic Developments

The company announced that construction of the Cleanroom at its SiC Semiconductor Plant in Bhubaneswar, Odisha, is completed. Plant and machinery installation is in progress and estimated to be finished by the end of July 2026. Epitaxial wafer production is expected to be commissioned in the second quarter of FY27. Additionally, RIR Power Electronics secured its first overseas order to supply 5 kV silicon-controlled rectifier (SCR) thyristors, with execution expected by the end of 2026.

The company also achieved a technical milestone by developing a 25 kV–120 kA capacitor discharge vertically integrated semiconductor switch. This device is designed for high-energy pulse power systems, with applications in defense, medical equipment, and directed energy technologies.

Management Commentary

Dr. Harshad Mehta, Non-Executive Chairman, described FY26 as a transformative year focused on scale and efficiency. Mr. N Ramesh Kumar, Managing Director and CEO, highlighted a strong order backlog of approximately ₹17.5 crore, which provides revenue visibility and reinforces the resilience of the business model.

Metric	Q4 FY26 (₹ in cr)	Q3 FY26 (₹ in cr)	Q4 FY25 (₹ in cr)	FY26 (₹ in cr)	FY25 (₹ in cr)
Revenue	23.95	20.27	26.46	90.87	86.21
Net Profit	1.39	0.44	2.55	6.72	8.28
Adjusted EBITDA	2.46	0.86	3.44	10.58	11.39
Basic EPS (₹)	0.17	0.06	0.32	0.86	1.15