Harshad Bhavanbhai Patel, a promoter of Rishi Laser Limited , has increased his shareholding in the company through the conversion of warrants. The acquisition of 1,25,000 equity shares was executed via preferential allotment on June 4, 2026, pursuant to the exercise of an option for conversion. This transaction raises the acquirer's total voting rights in the company to 14.23%, a move disclosed to the stock exchange under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Prior to this acquisition, Patel held 12,96,626 shares, which represented 14.11% of the total share capital. The conversion of warrants has added 1.25% to his holding, bringing his post-acquisition stake to 14,21,626 shares. The total equity share capital of Rishi Laser Limited remains unchanged at Rs. 9,99,26,000 following this transaction.

Breakdown of Holdings

The following table details the changes in the acquirer's shareholding before and after the transaction:

The disclosure confirms that the acquirer belongs to the promoter group. The shares of Rishi Laser Limited are listed on BSE Limited. The intimation regarding this change in shareholding was submitted to the stock exchange on June 5, 2026.

Rishi Laser Limited reported a 55.5% decline in profit for the fiscal year ended March 31, 2026, to ₹367.25 lakh, compared to ₹825.28 lakh in the previous year, following a board meeting on May 28, 2026. The precision metal fabrication company recorded a 6.8% increase in revenue from operations to ₹16,102.64 lakh for FY26, up from ₹15,071.68 lakh in FY25. Total income for the year rose to ₹16,235.44 lakh from ₹15,140.91 lakh in the corresponding period last year, while total expenses increased to ₹15,686.79 lakh from ₹14,313.04 lakh.

Financial Performance for FY26

The company recognized an exceptional item of ₹55.51 lakh during the year, primarily due to an incremental provision of ₹18.12 lakh towards the impact of the new Labour Codes, 2020. Earnings per share (EPS) for the year were reported at ₹4.60, down from ₹8.98 in the previous year. For the quarter ended March 31, 2026, revenue from operations was ₹4,076.24 lakh, while the company reported a loss of ₹26.07 lakh for the period. The total assets as of March 31, 2026, stood at ₹14,872.70 lakh, an increase from ₹11,997.38 lakh as of March 31, 2025.

Auditor Appointments and Compliance

The board re-appointed M/s P. K. Chatterjee & Associates, Cost Accountants, as the Cost Auditor for FY27, subject to shareholder approval. Additionally, M/s. P C Chhajed & Co., Chartered Accountants, were appointed as the Internal Auditor for FY27. The statutory auditor, M/s Shah, Mehta and Bakshi, Chartered Accountants, issued an unmodified opinion on the financial results. The trading window, which was closed from April 1, 2026, will reopen 48 hours after the dissemination of these results.