Rhetan TMT , a prominent player in the TMT (Thermo Mechanically Treated) steel sector, is poised for a significant milestone as it prepares to list its equity shares on the National Stock Exchange of India Limited (NSE) Main Board. The company has received the green light from NSE for the listing of its entire issued, subscribed, and fully paid-up equity share capital.

Listing Details

The National Stock Exchange has approved the listing of 79,68,75,000 equity shares of Rhetan TMT Limited, each with a face value of Re. 1. These shares are scheduled to commence trading on the NSE Main Board starting September 26, 2025. Investors and market participants can track the company's performance under the symbol 'RHETAN' in the EQ series.

Key Points of the Listing

| Aspect | Details | |:---------------|:--------------------------|| | Total Shares | 79.69 crore equity shares | | Face Value | Re. 1 per share | | Listing Date | September 26, 2025 | | Trading Symbol | RHETAN | | Series | EQ | | Market Lot | 1 share |

Official Confirmation

The listing approval was officially communicated through a letter from NSE dated September 24, 2025. Rhetan TMT Limited promptly informed the BSE Limited about this development on the same day, adhering to the regulatory disclosure requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Company Background

Rhetan TMT Limited, formerly known as Rhetan Rolling Mills Private Limited, is headquartered at Ashoka Chambers, 7th Floor, Rasala Marg, Mithakhali, Ahmedabad. The company operates a manufacturing facility located at Survey no. 325, Karannagar, Kadi-Kaloi Road, Taluka Kadi, Dist. Mehsana, Gujarat.

Management Statement

Shalin A. Shah, the Managing Director of Rhetan TMT Limited, signed the official intimation to BSE, underlining the significance of this listing for the company's growth trajectory.

This listing on the NSE Main Board marks a new chapter for Rhetan TMT Limited, potentially offering enhanced visibility and liquidity for its shares in the Indian capital markets. Investors and industry observers will be keenly watching the company's performance as it joins the ranks of NSE-listed entities.

Rhetan TMT , a manufacturer of TMT bars, has released its financial results for the quarter ended June 30, 2025, and announced plans to list on the National Stock Exchange (NSE) main board. The company's board of directors approved these decisions during a meeting held on August 11, 2025.

Financial Performance

Rhetan TMT reported a mixed financial performance for the quarter:

The company's revenue from operations saw a significant decline of 73.97% year-over-year, dropping from Rs 1,934.65 lakh in Q1 2024-25 to Rs 503.56 lakh in Q1 2025-26. Despite this substantial decrease in revenue, Rhetan TMT managed to maintain its profitability, with net profit only marginally decreasing by 6.04% to Rs 75.80 lakh compared to Rs 80.67 lakh in the same quarter last year.

Other Financial Highlights

• Total income, including other income, stood at Rs 571.29 lakh for the quarter.
• The company reported other income of Rs 67.73 lakh, significantly higher than the Rs 0.25 lakh reported in the same quarter last year.
• Basic and diluted earnings per share remained stable at Re 0.01 for the quarter.

NSE Main Board Listing Approval

In a significant development, Rhetan TMT's board of directors has approved the listing of the company's equity shares on the Main Board of the National Stock Exchange of India Limited. This decision comes as the company seeks to expand its presence in the Indian capital markets. Currently, Rhetan TMT is listed on the Main Board of BSE Limited.

Company Profile

Rhetan TMT operates in a single segment, manufacturing TMT bars. The company has a paid-up equity share capital of Rs 7,968.75 lakh, with shares having a face value of Re 1 each.

Auditor's Review

G M CA & CO., the company's chartered accountants, conducted a limited review of the financial results. They reported that nothing has come to their attention that causes them to believe that the financial statements do not present a true and fair view in accordance with applicable accounting standards and generally accepted accounting principles.

The financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors at their meeting held on August 11, 2025. The company has adopted Indian Accounting Standards ("Ind AS") from April 1, 2024, and the results have been prepared in accordance with Ind AS 34, Interim Financial Reporting.

Investors and market watchers will be keenly observing how Rhetan TMT navigates the challenging market conditions, as reflected in its reduced revenue, and how the potential NSE listing might impact its future growth and market position.