Rulka Electricals Limited reported a 45.8% increase in Profit After Tax to ₹3.29 Cr for FY26, compared to the previous year, driven by higher order execution across its electrical, fire-fighting, and MEP business segments. Revenue from Operations grew by 38.2% year-on-year to ₹110.20 Cr from ₹79.73 Cr in FY25, supported by improved operating efficiencies and better absorption of fixed costs. Earnings Per Share (EPS) increased to ₹7.72 from ₹5.46 in the previous year.

The company delivered a substantial improvement in its balance sheet and cash flow profile during the year. Total borrowings were reduced by 45% to ₹4.80 Cr from ₹8.76 Cr, resulting in the Debt-to-Equity ratio improving to 0.13x compared to 0.26x in FY25. The net cash from operating activities for FY26 stood at ₹611.76 Lakhs, a significant turnaround from a net usage of ₹1,503.94 Lakhs in FY25.

Financial Performance

Order Book and Operations

Rulka Electricals Limited holds a current unexecuted order book of ₹143.85 Cr, with a new order intake of ₹137.87 Cr in FY26. The order book composition is diversified across sectors, with Electrical Works accounting for approximately 60% and Firefighting Systems for 30%. The company is actively pursuing opportunities in EHV, Solar EPC, and airport infrastructure to drive future growth.

The management representation includes Mr. Rupesh Kasavkar, Chairman cum Managing Director, and Mr. Nitin Indrakumar Aher, Whole Time Director. The company operates as a Mumbai-based integrated MEP solutions provider, listed on the NSE EMERGE platform under the scrip code RULKA.

Rulka Electricals Limited secured shareholder approval to increase its authorised share capital and issue equity instruments through preferential allotment at its Extraordinary General Meeting (EGM) held on June 06, 2026. The meeting, conducted via video conferencing, saw the passage of three resolutions with 100% of the votes cast in favour, enabling the company to raise capital and expand its equity base. The outcomes allow for the issuance of up to 77,40,904 fully convertible equity warrants and 6,50,000 equity shares, providing the company with flexibility for future funding requirements.

Voting Results and Scrutiny

The e-voting process, managed by the NSDL platform, was open from June 03 to June 05, 2026. A total of 20 shareholders participated via remote e-voting, representing 29,66,820 shares, while no votes were cast during the video conferencing session. The scrutinizer, CS Ashwin Shah, verified the process and confirmed the validity of the votes. The table below details the voting participation across different categories.

Resolutions Passed

Shareholders approved an ordinary resolution to increase the authorised share capital of the company. Additionally, two special resolutions were passed to approve the preferential issuance of equity instruments. Notably, the promoter group, which holds a majority of the shares, did not vote on the special resolutions concerning the issuance of warrants and equity shares, as they were deemed interested parties. Consequently, the approval for these resolutions was driven entirely by public shareholders.

Key Approvals

• Increase in Authorised Share Capital: Approved via ordinary resolution with 29,66,820 votes in favour.
• Issuance of Warrants: Approval to issue up to 77,40,904 fully convertible equity warrants on a preferential basis. This special resolution received 19,300 votes in favour from public shareholders.
• Issuance of Equity Shares: Approval to issue up to 6,50,000 equity shares on a preferential basis. This special resolution received 29,66,820 votes in favour.

The scrutinizer's report confirmed that there were no invalid votes and that all resolutions met the required statutory thresholds for approval. The record date for determining eligibility was May 30, 2026.