Rishi Laser Limited has closed its trading window for designated persons and their immediate relatives effective from July 1, 2026. The restriction will remain in place until 48 hours after the company declares its unaudited financial results for the quarter ended June 30, 2026. This action is intended to prevent insider trading during the period leading up to the financial announcement.

The closure is pursuant to the SEBI (Prohibition of Insider Trading) Regulation, 2015, and the company's Code of Conduct for regulating, monitoring, and reporting trading by designated persons. The notification was addressed to the BSE Limited to ensure the regulatory body takes the information on record.

Key Dates and Restrictions

The following table outlines the specific timeline for the trading window closure:

The company's designated persons are prohibited from dealing in the company's securities during this specified period. This protocol ensures compliance with regulatory standards aimed at maintaining market integrity and preventing the misuse of unpublished price-sensitive information.

Vandana Patel, Company Secretary of Rishi Laser Limited, signed the intimation regarding the trading window closure.

Rishi Laser Limited reported a financial year ended March 31, 2026, characterized by revenue growth but significant profitability compression due to execution challenges at its new Malur facility. Total revenue for FY26 rose 7% to ₹160 crore, falling short of management targets, while Profit After Tax (PAT) declined 55% year-on-year to ₹3.67 crore. EBITDA margins reduced to 8.7% from 9.1% in the previous year, impacted by elevated employee and finance costs associated with the commissioning of the new plant. The company's balance sheet remains disciplined with a debt-to-equity ratio of 0.29x and total assets of ₹148.7 crore.

Operational Challenges and FY26 Performance

Management attributed the financial performance to two primary execution failures during the commissioning of the Malur plant: underestimating the complexity of calibrating large-format machinery and inadequate human capital readiness. The machinery was progressively operational but not fully productive for a substantial portion of the year, while restructuring the workforce consumed leadership bandwidth. Consequently, the company failed to meet its sales projections, with the Malur plant contributing only partially to the year's revenue. Exports accounted for 14.2% of total revenue, amounting to ₹22.83 crore.

Q4 FY26 Results

For the fourth quarter ended March 31, 2026, the company reported a revenue of ₹40.76 crore. The quarter witnessed a sharp decline in profitability, with a PAT of negative ₹0.26 crore compared to ₹3.20 crore in the corresponding period of the previous year. EBITDA for the quarter stood at ₹2.78 crore, with margins contracting to 6.74%.

Strategic Outlook and Guidance

As of June 2026, the Malur plant is fully operational with tooling validated for medium and heavy fabrication. Phase one of the in-house paint shop became operational in June 2026. Management targets a revenue contribution of ₹60 crore from the Malur facility in FY27, scaling up to ₹100 crore by FY29. The company expects the overall revenue CAGR to be approximately 20% over the next three years. EBITDA margins are projected to be in the band of 9% to 11% as operating leverage improves and the plant ramps up utilization. The Pune plant is also expected to reach 80% utilization by the third quarter of FY27, targeting a revenue of ₹50 crore for the year.