Rockingdeals Circular Economy approved an unsecured loan of AED 7,70,000 to its wholly owned subsidiary, Rockingdeals General Trading LLC, on July 13, 2026. The loan will be disbursed in a single tranche to provide financial assistance for the subsidiary's general corporate and business purposes. The transaction, classified as a related party transaction, was approved by the Board of Directors during a meeting held from 04:00 P.M. to 05:15 P.M. IST.

The loan agreement stipulates an interest rate of 9% per annum, calculated on a simple interest basis on the outstanding principal amount. The tenure of the loan is set for one year from the date of the first disbursement. The company confirmed that the transaction is being undertaken on an arm's length basis, ensuring fair market terms between the parent entity and its subsidiary.

Loan Details

The specifics of the loan agreement were disclosed in a filing submitted to the National Stock Exchange of India Limited. The regulatory filing outlined the key terms and conditions, including the nature of the loan and the relationship between the entities involved.

The company holds 100% equity shareholding in Rockingdeals General Trading LLC, confirming its status as a wholly owned subsidiary. As of the date of disclosure, the amount of loan outstanding was nil. The approval was communicated by Aman Preet, Managing Director of Rockingdeals Circular Economy Limited, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Rockingdeals Circular Economy reported a consolidated net profit of ₹1,013.34 lakh for the financial year ended March 31, 2026, driven by revenue from operations of ₹11,983.64 lakh. The board approved the audited standalone and consolidated financial results for the year and half-year ended March 31, 2026, at its meeting held on May 27, 2026. Statutory auditors Akar & Associates issued an audit report with an unmodified opinion on the financial results.

Consolidated Financial Performance

For the year ended March 31, 2026, the company recorded a total income of ₹12,024.22 lakh, compared to ₹5,554.37 lakh in the previous year. Total expenses for the period stood at ₹10,755.79 lakh, up from ₹4,812.52 lakh in the prior year. The profit before tax for the year was ₹1,268.43 lakh, resulting in a basic and diluted earnings per share of ₹16.56.

Standalone Results

On a standalone basis, the company reported a net profit of ₹600.39 lakh for FY26 on revenue from operations of ₹10,074.27 lakh. In the corresponding previous year, the net profit was ₹544.15 lakh on revenue of ₹5,543.51 lakh. Total expenses for the year increased to ₹9,266.15 lakh from ₹4,801.92 lakh in the previous year. The basic and diluted earnings per share for the standalone entity were ₹9.81 for FY26.

Financial Position and Cash Flows

The consolidated balance sheet as of March 31, 2026, showed total assets of ₹9,854.86 lakh, compared to ₹5,405.75 lakh in the previous year. Shareholders' funds increased to ₹7,131.33 lakh from ₹4,039.38 lakh. The company reported a net increase in cash and cash equivalents of ₹438.60 lakh during the year, bringing the closing balance to ₹505.90 lakh. On the standalone basis, total assets stood at ₹8,924.46 lakh, with shareholders' funds at ₹6,729.00 lakh.

Key Financial Metrics

Fund Utilization and Disclosures

The company confirmed that there was no deviation or variation in the utilization of funds raised through its public issue. The total amount raised was ₹21 crore, and the proceeds were utilized for the objects stated in the prospectus, including working capital requirements and general corporate purposes. The audit committee reviewed the utilization statement and confirmed compliance. The financial results were prepared in accordance with the applicable accounting standards prescribed under Section 133 of the Companies Act, 2013.