Rishabh Digha Steel & Allied Products has filed its annual report for the financial year ended March 31, 2026, disclosing a profit after tax (PAT) of ₹24.53 lakh. The company scheduled its 35th annual general meeting (AGM) for September 28, 2026, to approve key board appointments and adopt the financial results.

The filing confirms the reappointment of managing director Ashok Maganlal Mehta and the regularization of independent director Viral Snehal Chinai. The board also accepted the resignation of Hardik Makwana as an independent director due to professional commitments. Krishna Kumar Omprakash Dubey retires by rotation and seeks reappointment at the upcoming AGM.

Financial Performance for FY26

The company reported revenue from operations of ₹98.03 lakh in FY26, down from ₹105.27 lakh in FY25. Despite the decline in operating revenue, the profit before tax improved significantly to ₹60.27 lakh from ₹6.58 lakh in the previous year. This improvement was driven by a substantial reduction in other expenses, which fell to ₹5,516.00 thousand from ₹11,231.53 thousand in FY25.

Other income remained relatively stable at ₹12,138.44 thousand, primarily comprising interest income. The total comprehensive income for the year stood at ₹37.27 lakh, compared to ₹6.09 lakh in FY25. The directors do not recommend any dividend for the financial year ended March 31, 2026.

Board Appointments and Resignations

The Nomination and Remuneration Committee recommended the appointment of Mr. Viral Snehal Chinai (DIN: 11906624) as a non-executive independent director. He joins the board for a five-year term effective September 3, 2026, subject to shareholder approval at the upcoming AGM. Mr. Chinai holds a bachelor’s degree and does not hold any shares in the company.

Mr. Ashok Maganlal Mehta (DIN: 00163206), the current managing director, was reappointed for a further five-year term from September 8, 2026, to September 7, 2031. This appointment is subject to shareholder approval via a special resolution. Mr. Mehta holds 3,28,044 shares in the company.

Remuneration Details for Managing Director

The explanatory statement discloses that Mr. Mehta will receive remuneration of up to ₹24,00,000 per annum for the five-year tenure. This amount includes salary, perquisites, benefits, incentives, and other allowances. In the event of loss or inadequate profit, this amount will be paid as minimum remuneration subject to Schedule V of the Companies Act, 2013.

Annual General Meeting Details

The company fixed the date for its 35th annual general meeting as Monday, September 28, 2026, at 9:30 am. The meeting will be held at the registered office in Mumbai: 1, Floor-GRD, Plot-514B, Amar Kunj, R P Masani Road, Road No 32 Khalsa College, Matunga.

Key logistical details for shareholders include:

• The cut-off date for determining voting rights is September 21, 2026.
• E-voting will commence on Thursday, September 24, 2026, and close on Sunday, September 27, 2026.
• The register of members and share transfer books will remain closed from Tuesday, September 22, 2026, to Monday, September 28, 2026.

The board appointed M/S Jaymin Modi & Co as the scrutinizer for the AGM. The Director’s Report and Annual Report for the financial year ended March 31, 2026, were considered and approved during the board meeting.

Rishabh Digha Steel & Allied Products reported a net profit of ₹19.33 lakh for the quarter ended June 30, 2026, rising 20.4% year-on-year from ₹17.25 lakh in the same period last year. The company’s Board of Directors approved the unaudited standalone financial results in a meeting held on August 14, 2026.

Despite the profit growth, Rishabh Digha Steel logged zero income from operations for the quarter, continuing a pattern seen in Q1FY25. The entire pre-tax profit of ₹19.33 lakh was derived from other income, highlighting a reliance on non-operating sources for current-period earnings.

Financial Performance

The company’s total comprehensive income stood at ₹12.93 lakh for the quarter, compared to ₹19.31 lakh in Q1FY25. This decline in comprehensive income contrasts with the rise in net profit, indicating variations in other comprehensive income items such as revaluation gains or losses on equity investments.

Note: The table above reflects figures where net profit after tax increased despite a decrease in pre-tax profit, suggesting favorable tax adjustments or timing differences not detailed in the extract.

What the Numbers Show

The divergence between pre-tax and post-tax results warrants attention. While net profit before tax fell 17.1% to ₹19.33 lakh from ₹23.32 lakh, net profit after tax rose 12.1% to ₹19.33 lakh from ₹17.25 lakh. This suggests that tax provisions or deferred tax adjustments played a significant role in the bottom-line improvement, even as core non-operating income declined slightly from ₹30.58 lakh to ₹28.18 lakh.

Balance Sheet and Capital Structure

Paid-up equity share capital remained unchanged at ₹548.64 lakh. Reserves, excluding revaluation reserves, also stayed constant at ₹548.64 lakh as per the audited balance sheet of the previous year. The company operates primarily in the processing of iron and steel segment, with no separate segment information disclosed under Ind AS 108.

The statutory auditors carried out a limited review of the financial results in compliance with SEBI circulars. The company has no subsidiaries, and investments in equity shares of other companies are revalued through other comprehensive income as per Ind AS 109 and Ind AS 113.