Rishabh Instruments reported a decline in profitability for the first quarter of FY27, with net profit after tax falling to ₹222.51 lakh for the period ended June 30, 2026. This represents a decrease from the ₹267.57 lakh recorded in the same quarter of the previous fiscal year.

The company's total income also contracted during the period, registering at ₹1,267.23 lakh against ₹1,317.94 lakh in Q1FY25. Profit before tax, exceptional, and extraordinary items was ₹297.35 lakh, lower than the ₹357.82 lakh reported in the prior year's corresponding quarter.

Financial Performance

Earnings per share (basic) for the quarter stood at ₹4.52, down from ₹5.43 in Q1FY25. The equity share capital remained unchanged at ₹492.70 lakh. For the full fiscal year ended March 31, 2026, the company had reported a net profit after tax of ₹2,006.18 lakh on total income of ₹7,661.17 lakh.

What the Numbers Show

The divergence between pre-tax and post-tax performance indicates a significant impact from other comprehensive income items. While the net profit before tax was ₹297.35 lakh, the total comprehensive income for the quarter rose to ₹394.71 lakh, up from ₹362.97 lakh in the prior year. This suggests that non-operating or other comprehensive income components contributed positively to the overall bottom line, partially offsetting the decline in core operational profitability.

Rishabh Instruments shareholders overwhelmingly approved a ₹2 per equity share dividend, the re-appointment of two directors, and a remuneration revision for Managing Director Dineshkumar Musalekar at the company’s 43rd Annual General Meeting (AGM) held on July 31, 2026. The meeting, conducted via video conference, concluded at 12:51 p.m. IST after all seven resolutions were passed with requisite majorities. The strong shareholder backing underscores confidence in the Board’s governance decisions and financial distribution strategy for FY26.

The AGM was convened in compliance with Regulation 30 of the SEBI Listing Regulations and Section 108 of the Companies Act, 2013. Mr. Narendra Goliya, Executive Chairman, chaired the proceedings. The Board members present included Dineshkumar Musalekar (Managing Director), Subramaniam Venkatakrishnan, Rajendra Bagwe, Siddharth Bafna, and Astha Kataria. CS Hrishikesh Wagh of KANJ & Co., LLP served as the Scrutinizer for the e-voting process facilitated by National Securities Depository Limited (NSDL).

Voting Outcomes

Shareholders voted on six ordinary resolutions and one special resolution. The adoption of audited standalone and consolidated financial statements for FY26 received 95.79% support. The declaration of a ₹2.00 dividend per share (face value ₹10) garnered near-unanimous approval with 99.999% votes in favor.

Directors Narendra Goliya and Dineshkumar Musalekar were re-appointed after retiring by rotation under Section 152(6) of the Companies Act, 2013. Goliya’s re-appointment secured 95.62% support, while Musalekar’s received 95.77%. Additionally, shareholders ratified the Cost Auditor’s remuneration for FY27 with 99.999% approval.

Governance Updates

A key special business item was the change in Dineshkumar Musalekar’s designation from Whole-Time Director to Managing Director, which passed with 95.79% support. This was accompanied by a special resolution to revise his remuneration, which received 90.92% approval. Under Regulation 23(4) of the SEBI Listing Regulations, votes cast by related parties were ignored for this resolution, resulting in 2,04,630 invalid votes. The statutory auditors, MSKA & Associates, confirmed no adverse qualifications in their report. The Company Secretary, Ajinkya Joglekar, submitted the scrutinizer’s report to the exchanges on August 4, 2026.