Rashi Peripherals Seeks to Boost Borrowing Limit to Rs 3,500 Crore Amid Growth Plans

Rashi Peripherals Limited , a key player in the Indian IT distribution sector, has announced plans to increase its borrowing capacity, signaling potential expansion moves in a growing market.

Proposed Borrowing Limit Increase

The company has issued a postal ballot notice seeking shareholder approval to enhance its borrowing limit from Rs 2,500 crore to Rs 3,500 crore. This significant 40% increase in borrowing capacity suggests that Rashi Peripherals is gearing up for substantial growth initiatives.

Key Details of the Proposal

Current Borrowing Limit: Rs 2,500 crore
Proposed New Limit: Rs 3,500 crore
Increase Amount: Rs 1,000 crore
Percentage Increase: 40%

Voting Process

Shareholders will have the opportunity to vote on this proposal through an e-voting process:

Start Date: November 28, 2025
End Date: December 27, 2025
Voting Method: Remote e-voting

Rationale for Increased Borrowing

The company cites "emerging market opportunities" as the primary reason for seeking additional funding capacity. This move aligns with the company's recent financial performance and growth trajectory.

Financial Context

To provide context for this decision, let's look at some key financial metrics from Rashi Peripherals' recent balance sheet:

Metric	Current Year (2025-03)	1 Year Ago (2024-03)	Change
Total Assets	4,151.70	3,725.70	11.43%
Current Assets	4,070.10	3,618.80	12.47%
Total Equity	1,717.40	1,531.20	12.16%
Current Liabilities	2,428.60	2,185.60	11.12%

All figures in Rs crore

The company's assets and equity have shown double-digit growth over the past year, which may support the case for increased borrowing capacity to fuel further expansion.

Potential Implications

Expansion Plans: The substantial increase in borrowing limit may indicate that Rashi Peripherals is planning significant expansions or acquisitions in the near future.
Market Confidence: Seeking shareholder approval for such a large increase in borrowing capacity suggests that the management is confident about future growth prospects and their ability to service additional debt.
Financial Flexibility: If approved, this increased limit will provide Rashi Peripherals with greater financial flexibility to respond to market opportunities quickly.
Investor Scrutiny: Shareholders will likely scrutinize this proposal carefully, considering the company's current debt levels, growth plans, and overall financial health.

As Rashi Peripherals moves forward with this proposal, investors and market watchers will be keen to see how the company plans to utilize this potential increased borrowing capacity and what it might mean for the company's future in the competitive IT distribution landscape.

Shareholders are advised to carefully review the full postal ballot notice and consider the company's financial position and growth strategy before casting their votes on this significant financial decision.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.44%	-0.93%	-0.86%	+3.65%	-15.28%	+2.47%

Rashi Peripherals Limited , a prominent player in the IT peripherals and mobility products distribution sector, has achieved a significant victory in its appeal against a Goods and Service Tax (GST) demand. The Department of Goods and Service Tax, Government of Maharashtra, has issued a favorable order, dramatically reducing the original demand from Rs 11.83 crore to just Rs 8.11 lacs, marking a substantial 99.3% reduction.

Appeal Outcome

The appeal, which was filed against a demand order for Rs 11.83 crore pertaining to the financial year 2017-18, received a partial allowance. The appeal order, dated November 7, 2025, significantly revised the GST Department's demand, resulting in a final determined amount of Rs 8.11 lacs, including interest and penalty.

Breakdown of Revised Demand

The reduction in the GST demand is substantial across all components. Here's a detailed breakdown of the original disputed amounts versus the final determined amounts:

Particulars	Disputed Amount (Rs.)	Determined Amount (Rs.)	Reduction (%)
GST amount	5,47,96,964	3,12,080	99.4%
Interest	6,08,02,111	4,68,120	99.2%
Penalty	26,54,804	31,208	98.8%
Total Demand	11,82,53,879	8,11,408	99.3%

Impact on Rashi Peripherals

This favorable outcome represents a significant financial relief for Rashi Peripherals Limited. The company, which had been facing a substantial GST liability, will now only need to settle a fraction of the original demand. This development is likely to have a positive impact on the company's financial position and may boost investor confidence.

Key Points from the LODR Data

Issuing Authority: The order was issued by the Deputy Commissioner of State Tax, Mazgaon, Mumbai, Department of Goods and Service Tax, Government of Maharashtra.
Appeal Details: The company had appealed against a demand order dated December 31, 2023, which has now been partially allowed.
Order Receipt Date: The company received the appeal order on November 11, 2025.
Financial Impact: The revised demand of Rs 8.11 lacs (including interest and penalty) represents a substantial reduction from the previous demand of Rs 11.83 crore.

This favorable ruling demonstrates the effectiveness of the appeal process in addressing tax disputes and highlights the importance of companies actively engaging with tax authorities to resolve discrepancies. For Rashi Peripherals, this outcome not only provides immediate financial relief but also sets a positive precedent for handling future tax-related matters.

As the IT peripherals and mobility products distribution sector continues to evolve, companies like Rashi Peripherals will need to remain vigilant in managing their tax obligations while focusing on their core business operations. This successful appeal may serve as a case study for other companies facing similar challenges in the complex landscape of GST compliance.