Neelkanth Limited has announced a significant promoter share transfer involving the acquisition of 6,76,491 equity shares through a gift transaction between family members. The company has filed the necessary regulatory disclosures with BSE Limited regarding this proposed inter-se transfer scheduled for February 23, 2026.

Transaction Details

The proposed acquisition involves a substantial transfer of equity shares between promoters of the company. Rashmi C Bhimjyani will acquire 6,76,491 equity shares from Bhavik Rashmi Bhimjyani through a gift transaction, representing 15.52% of the company's total paid-up share capital.

Regulatory Compliance

The transaction has been disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Regulation 10(5) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Since this constitutes an inter-se transfer among immediate relatives, the proposed transaction falls within the exemption under Regulation 10(1)(a)(i) of SEBI (SAST) Regulations, 2011.

Shareholding Impact

The company has clarified that the aggregate holding of Promoter and Promoter Group before and after the inter-se transfer will remain unchanged. The transaction represents a redistribution of shares within the promoter group rather than any change in overall promoter control.

Company Background

Neelkanth Limited, formerly known as R T Exports Limited, is listed on BSE with scrip code 512565. The company's registered office is located at 508, Dalamal House, Jamnalal Bajaj Marg, Nariman Point, Mumbai. The transaction documentation includes comprehensive disclosures and digital signatures from the involved promoters, ensuring full regulatory compliance with SEBI requirements.

Neelkanth Rock-Minerals Limited announced its unaudited financial results for the quarter ended December 31, 2025, showing a notable improvement in quarterly performance. The Board of Directors approved these results at their meeting held on February 14, 2026, in compliance with Regulation 33 of SEBI (LODR) Regulations, 2015.

Quarterly Financial Performance

The company demonstrated a strong quarterly turnaround, moving from losses to profitability in Q3FY26. The financial performance reflects the company's operational dynamics in the granite and other materials segment.

Revenue and Income Analysis

The company reported no revenue from operations during the quarter, with total income of ₹10.36 lakhs coming entirely from other income sources. This compares to zero total income in the corresponding quarter of the previous year. The preceding quarter (Q2FY26) had shown total income of ₹0.29 lakhs.

Expense Structure

Total expenses for Q3FY26 stood at ₹4.40 lakhs, comprising primarily employee benefits expense of ₹0.99 lakhs and other expenses of ₹3.41 lakhs. The company maintained a lean cost structure with no finance costs or depreciation expenses during the quarter.

Year-to-Date Performance

Despite the positive quarterly performance, the year-to-date figures show mixed results:

Corporate Governance and Compliance

The financial results were reviewed by the audit committee and approved by the Board of Directors. The company's auditors, Shambhu Gupta & Co., conducted a limited review of the results. The company operates with a single business segment of "Granite and other materials" and maintains a paid-up equity share capital of ₹504.37 lakhs with a face value of ₹10.00 per share.

Key Highlights

• Quarterly profit of ₹5.00 lakhs marks a significant improvement from previous year's loss
• Year-to-date loss reduced substantially from ₹17.46 lakhs to ₹0.86 lakhs
• Company maintains debt-free operations with no finance costs
• Results prepared in accordance with Indian Accounting Standards (IND-AS)

The results demonstrate the company's ability to achieve quarterly profitability while continuing to improve its overall financial position compared to the previous year.