Rishabh Digha Steel & Allied Products Limited conducted a separate meeting of independent directors on March 18, 2026, fulfilling its corporate governance obligations under regulatory requirements. The meeting represents a key component of the company's board evaluation and oversight framework.

Meeting Details and Duration

The independent directors' meeting was held on Wednesday, March 18, 2026, with specific timing parameters established for the proceedings. The session commenced at 03:00 P.M. and concluded at 03:40 P.M., spanning a total duration of 40 minutes.

Key Agenda Items and Evaluations

The independent directors addressed three critical areas of board governance and performance assessment during their meeting. These evaluations form part of the company's systematic approach to maintaining effective board oversight and governance standards.

The meeting agenda encompassed comprehensive performance reviews across multiple dimensions:

• Board Performance Review: Independent directors conducted a thorough evaluation of non-independent directors and assessed the overall performance of the board as a collective entity
• Chairperson Assessment: The directors reviewed the performance of the company's chairperson, incorporating perspectives and feedback from both executive directors and non-executive directors
• Information Flow Analysis: A detailed assessment was undertaken regarding the quality, quantity, and timeliness of information flow between company management and the board

Governance and Information Management

The evaluation of information flow between management and the board represents a crucial aspect of corporate governance. The independent directors specifically assessed whether the information provided enables the board to effectively and reasonably perform their fiduciary duties and oversight responsibilities.

This assessment ensures that board members receive adequate, timely, and relevant information necessary for informed decision-making and effective governance. The review process helps identify any gaps or improvements needed in the communication framework between management and the board.

Regulatory Compliance and Documentation

The meeting was conducted in accordance with regulatory requirements, with proper documentation and notification procedures followed. Jigar Rajendra Sheth, serving as Independent Director with DIN: 09152187, signed the official communication to BSE Limited regarding the meeting outcomes.

The company maintains its registered office at 1, Floor-GRD, Plot-514B, Amar Kunj, R P Masani Road, Road No 32 Khalsa Collage, Matunga, Mumbai -400019, with CIN: L15310MH1991PLC064563.

Rishabh Digha Steel & Allied Products Limited announced its unaudited financial results for the third quarter of fiscal year 2026, ending December 31, 2025. The company demonstrated a significant turnaround in profitability compared to the corresponding period in the previous year.

Financial Performance Overview

The company's financial performance showed marked improvement across key metrics during the quarter:

Nine-Month Performance

For the nine months ended December 31, 2025, the company's performance reflected sustained improvement:

Expense Analysis

The company's expense structure for Q3FY26 included purchase of stock-in-trade worth ₹7.69 lakhs, other expenses of ₹17.10 lakhs, and financial costs of ₹2.73 lakhs. Total expenses for the quarter amounted to ₹27.53 lakhs compared to ₹82.11 lakhs in Q3FY25.

Tax and Comprehensive Income

The company paid current tax of ₹3.27 lakhs during Q3FY26. Total comprehensive income reached ₹19.32 lakhs, which included fair value gains on investments of ₹13.11 lakhs, demonstrating the positive impact of the company's investment portfolio.

Board Meeting and Compliance

The Board of Directors approved these results in their meeting held on February 13, 2026, from 4:00 PM to 5:00 PM. The results were reviewed by the Audit Committee and subjected to limited review by statutory auditors Bilimoria Mehta & Co. The company also confirmed no deviations in the use of public issue proceeds under Regulation 32 of SEBI regulations.