Rolex Rings Limited successfully concluded its postal ballot voting process on March 1, 2026, with shareholders demonstrating strong support for key corporate governance decisions. Following the approval and implementation of promoter group reclassification, the company has now submitted its updated shareholding pattern to stock exchanges, reflecting the new ownership structure.

Executive Remuneration Approvals

Shareholders overwhelmingly approved remuneration revisions for three key executives of the company. The voting results demonstrated strong institutional and promoter support across all three special resolutions.

The approved remuneration revisions include specific monthly compensation packages for each executive position, all effective from November 10, 2025.

Promoter Group Reclassification Implementation

The reclassification of promoter group members to public shareholders was approved through postal ballot and subsequently implemented on March 5, 2026. The company has now submitted the updated shareholding pattern to BSE Limited and National Stock Exchange of India Limited on March 6, 2026.

Updated Shareholding Structure

Following the reclassification, the company's shareholding pattern has been restructured with promoter and promoter group holding reduced to 52.24% from the previous higher percentage.

The current promoter group comprises nine members, with the five Madeka family promoters holding individual stakes ranging from 8.70% to 10.00%. Manesh Dayashankar Madeka holds 2,59,89,150 shares (9.54%), while Rupesh Dayashankar Madeka holds the largest individual stake at 2,72,46,800 shares (10.00%).

Regulatory Compliance and Documentation

The company has fulfilled all regulatory requirements under Regulation 31A of SEBI Listing Regulations, 2015. CS Hardik Dhimantbhai Gandhi, Company Secretary & Compliance Officer, signed the intimation letter to stock exchanges confirming the updated shareholding pattern post reclassification.

Rolex Rings Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2025. The Board of Directors approved these results at their meeting held on February 09, 2026, following review by the Audit Committee.

Q3FY26 Financial Performance

The company delivered strong quarterly performance with significant growth across key metrics:

Nine Months Performance

For the nine months ended December 31, 2025, the company maintained steady performance:

Key Financial Highlights

The company's cost structure showed mixed trends during the quarter. Cost of raw materials and components consumed decreased to ₹1,146.62 million from ₹1,247.75 million in the corresponding quarter last year. Employee benefits expense remained stable at ₹168.54 million compared to ₹169.49 million in Q3FY25.

Other income witnessed substantial growth to ₹174.17 million in Q3FY26 from ₹38.52 million in the previous year quarter, contributing significantly to overall profitability.

Exceptional Items and Provisions

The company recognized exceptional items worth ₹24.46 million during the quarter, primarily related to increased gratuity liability arising from the Government of India's notification of new Labour Codes on November 21, 2025. This resulted in past service cost adjustments due to changes in wage definition.

Regarding the Right to Recompense matter with consortium banks, the previous demand notice for ₹2,278.60 million was withdrawn on January 08, 2026. The company maintains a total provision of ₹506 million towards potential liability, with management continuing discussions for settlement.

Corporate Actions and Compliance

The company completed a stock split approved by shareholders in the Annual General Meeting held on September 29, 2025. Each equity share with face value of ₹10 was subdivided into ten shares of ₹1 each, effective from the record date of October 17, 2025. The paid-up equity share capital stands at ₹272.33 million comprising 272,333,120 equity shares.

The financial results were prepared in accordance with Indian Accounting Standards and reviewed by S R B C & CO LLP, Chartered Accountants, who issued a qualified review report due to the ongoing bank consortium matter.