Rolex Rings Limited promoter Manesh Dayashankar Madeka has pledged 73,00,000 equity shares of the company to two financial institutions, according to official regulatory disclosures filed on January 2, 2026. The pledge was created on December 31, 2025, involving shares with a face value of Re. 1 each.

Pledge Transaction Details

The pledge arrangement involves two separate transactions with different financial institutions under third-party pledge arrangements:

Promoter Holdings Overview

Manesh Dayashankar Madeka maintains significant holdings in the company, with the pledged shares representing a portion of his total promoter stake:

Regulatory Compliance and Filing Details

The disclosure was made in compliance with Regulation 31(1) and 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Company Secretary and Compliance Officer Hardik Dhimantbhai Gandhi submitted the regulatory filing on January 3, 2026, confirming receipt of the promoter's disclosure. The filing was submitted to both BSE Limited, where the company trades under scrip code 543325 and symbol ROLEXRINGS, and the National Stock Exchange.

Company Information

Rolex Rings Limited is headquartered in Rajkot, Gujarat, with its registered office located behind Glowtech Steel Private Limited on Gondal Road, Kotharia. The company operates in the castings, forgings and fasteners sector and maintains listings on both major Indian stock exchanges. The pledge creation represents a standard corporate financing arrangement where promoters use their shareholdings as collateral for securing credit facilities from financial institutions.

Rolex Rings Limited , a leading auto component manufacturer, has reported a decline in its financial performance for the second quarter of fiscal year 2026. The company's quarterly results, released on November 10, 2025, show a decrease in revenue and profitability compared to the same period last year.

Financial Highlights

Rolex Rings' revenue decreased to 2,713.83 million rupees in Q2 FY26, down from 3,002.72 million rupees in the same quarter of the previous fiscal year, marking a 9.62% decline. Net profit also saw a reduction, falling to 443.38 million rupees from 492.62 million rupees year-over-year, representing a 10% decrease.

Operational Performance

The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) for the quarter stood at 548 million rupees, down from 660 million rupees in Q2 FY25. The EBITDA margin compressed to 20.21% from 21.98% in the previous year, indicating a decrease of 177 basis points.

Half-Year Performance

For the half-year ended September 30, 2025, Rolex Rings reported:

• Total income of 5,929.30 million rupees
• Net profit of 934.94 million rupees

Balance Sheet Position

As of September 30, 2025, Rolex Rings maintained a strong balance sheet with:

• Total assets of 13,660.28 million rupees
• Total equity of 11,655.64 million rupees

Corporate Actions

The Board of Directors approved a stock split in September 2025, subdividing each equity share with a face value of 10 rupees into ten equity shares with a face value of 1 rupee each. This corporate action became effective from October 17, 2025.

Investor Considerations

The company's financial results suggest a challenging quarter, potentially reflecting broader economic conditions or sector-specific headwinds. Despite the quarterly decline, Rolex Rings continues to maintain a robust financial position with a strong equity base and minimal borrowings. This financial stability may provide the company with resilience to navigate through current market challenges.

As the auto component sector faces evolving market dynamics, Rolex Rings' ability to adapt to changing demand patterns and maintain operational efficiency will be crucial for its future performance. Investors may want to monitor future quarters for signs of recovery or stabilization in the company's performance.