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.

Rishabh Digha Steel & Allied Products Limited has re-appointed Mr. Jigar Rajendra Sheth as an Independent Director following a postal ballot process. The special resolution was passed with a requisite majority, receiving 99.39% of the votes polled. The outcome ensures the continuation of Mr. Sheth's tenure on the board, which is crucial for maintaining governance standards at the steel and allied products manufacturer.

The postal ballot, conducted under Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, concluded on May 31, 2026. A total of 1,802 votes were cast by public non-institutional shareholders, representing 0.12% of the outstanding shares in this category. Promoters and promoter group entities did not participate in the voting process. The remote e-voting facility was provided by NSDL, with the scrutinizer's report confirming the fairness and transparency of the proceedings.

Voting Results Summary

The resolution received overwhelming support from the public non-institutional shareholders who participated in the e-voting process. The detailed breakdown of the votes polled is as follows:

Procedural Details

Jaymin Modi of M/s. Jaymin Modi and Co was appointed as the scrutinizer for the postal ballot process on April 20, 2026. The notice for the postal ballot was dispatched to shareholders via email on April 30, 2026, and advertisements were published in 'Active Times' and 'Mumbai Lakshdeep' on May 01, 2026. The remote e-voting period commenced on May 02, 2026, and concluded on May 31, 2026. The scrutinizer unblocked the remote e-voting system on June 01, 2026, in the presence of two independent witnesses to verify the results.