RIR Power Electronics sets Sept 22 record date for final dividend

RIR Power Electronics has fixed September 22, 2026 as the record date for determining shareholder eligibility for its final dividend. The payout is proposed at ₹0.10 per equity share with a face value of ₹2 each for FY26.

Dividend and AGM Schedule

The company confirmed the details in a filing with stock exchanges on September 5, 2026. If shareholders approve the dividend at the upcoming meeting, the payment will be made within 30 days of approval.

The 57th Annual General Meeting (AGM) is scheduled for Tuesday, September 29, 2026. Key dates for the process are:

Record date: September 22, 2026
E-voting start: September 26, 2026, 9:00 am
E-voting end: September 28, 2026, 5:00 pm

Shareholders holding equity shares on the record date will be eligible to vote during the e-voting window.

Regulatory Compliance

The intimation was issued pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Bhavin P Rambhia, Company Secretary, signed the disclosure.

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RIR Power Electronics has published the transcript of its first-quarter fiscal year 2027 earnings conference call. The meeting took place on Thursday, August 13, 2026, following the release of standalone financial results. The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance Metrics

The financial performance highlights the company's strengthening position in India's power semiconductor ecosystem. Revenue grew from ₹21.01 crore in Q1FY26 to ₹27.16 crore in Q1FY27, while PAT rose from ₹1.74 crore to ₹3.14 crore. The adjusted EBITDA margin expansion to 17.32% from 13.75% indicates effective cost management alongside top-line growth. Basic EPS per share increased by 71.47% to ₹0.39 from ₹0.23 in the corresponding quarter of the previous year.

The following table outlines the key financial indicators for Q1FY27 compared to Q1FY26 and Q4FY26:

Metric:	Q1FY27	Q1FY26	YoY Change	Q4FY26	QoQ Change
Revenue (₹ crore):	27.16	21.01	+29.28%	23.95	+13.42%
Adjusted EBITDA (₹ crore):	4.71	2.89	+62.87%	2.46	+90.89%
Adjusted EBITDA Margin:	17.32%	13.75%	+357 bps	10.29%	+703 bps
PAT (₹ crore):	3.14	1.74	+80.59%	1.39	+126.07%
PAT Margin:	11.23%	8.14%	+309 bps	5.55%	+568 bps
Basic EPS (₹):	0.39	0.23	+71.47%	0.17	+131.99%

Note: Adjusted EBITDA excludes ESOP expenses of ₹0.72 crore in Q1FY27.

Strategic Developments and Leadership Changes

Alongside the financial results, RIR Power Electronics announced several strategic developments. The company appointed Vivek Patel as a Non-Executive Independent Director, leveraging his expertise in corporate governance and strategic planning. Additionally, Ankit Shah was elevated to Chief Financial Officer, bringing over 15 years of experience in transaction advisory and M&A. These leadership changes aim to strengthen the Board's oversight and financial strategy.

The company also marked a significant milestone by listing on the National Stock Exchange (NSE) on July 16, 2026. This listing is expected to enhance liquidity and broaden the investor base. Furthermore, RIR Power Electronics secured its first overseas order for 120 units of 125 mm 5kV SCR thyristors, reinforcing its global competitiveness. In the domestic arena, the company showcased its railway power electronics solutions at RailTrans Expo 2026, deepening its engagement with India's railway infrastructure sector.

Odisha Facility Progress

Management provided detailed updates on the upcoming facility in Odisha, which is being developed in two phases. Phase one consists of epitaxy and packaging, while phase two involves fabrication. The clean room construction for epitaxy is complete, and infrastructure for sourcing power through a 33 kV line has been finalized. The transformer was charged recently, with power expected to be drawn within days. Plant and machinery installation is underway, with completion estimated by late August or mid-September 2026. Epitaxy operations are expected to commence by the end of Q2FY27.

The total expected capital expenditure for the Odisha plant is ₹618 crore, with Phase one requiring approximately ₹225 crore and Phase two around ₹395-400 crore. For FY27, the company expects capital expenditure of ₹100-120 crore for Phase one. To date, the Government of Odisha has provided a subsidy of ₹58 crore, matched by an equivalent contribution from the company, along with additional spending of ₹8-10 crore that does not qualify as capital expenditure. A bank loan application for ₹70 crore is pending final sanction.

Revenue from the Odisha plant is projected at ₹12-15 crore from the sale of epitaxy wafers in the second half of FY27. The company expects an EBITDA margin of 20-25% on these sales. International customers in the US and Taiwan, as well as Indian government labs, have been approached for potential orders. The company aims for an official inauguration of the epitaxy facility before Semicon India in September 2026.

What the Numbers Show

The simultaneous expansion in both revenue and margins suggests that RIR Power Electronics is benefiting from favorable product mix or pricing power, rather than just volume growth. The 357 basis point improvement in adjusted EBITDA margin, outpacing the 29.28% revenue growth, indicates operational efficiency gains. The strong QoQ improvement in PAT (126.07%) further underscores the accelerating momentum into FY27. With new leadership in place and expanded market access via NSE listing, the company is well-positioned to capitalize on emerging opportunities in electric mobility and renewable energy sectors.