Rajasthan Cylinders Containers has reported its unaudited financial results for the quarter and half-year ended September 30, 2025, revealing a challenging financial situation and raising concerns about its future operations.

Financial Performance

The company's financial performance has deteriorated compared to the previous year:

Auditor's Concerns

The auditors have issued a qualified opinion, highlighting several areas of concern:

1. Unascertained interest payable under the MSME Act
2. Rs 230.88 lakhs in receivables from related parties with uncertain recoverability
3. Unconfirmed balances of trade payables and loans

Operational Challenges

Rajasthan Cylinders Containers has faced significant operational challenges:

• The company has closed its manufacturing operations due to unsatisfactory performance and continued operational losses.
• Plant and machinery are being disposed of in tranches.

These developments have raised material uncertainty about the company's ability to continue as a going concern.

Future Outlook

Despite the challenges, the company's management is taking steps to address the situation:

• The Board has consented to appoint a consultant for setting up a new project.
• Financial statements have been prepared on a going concern basis, indicating management's belief in the company's future viability.

Financial Position

As of the latest report, Rajasthan Cylinders Containers' financial position stands as follows:

Conclusion

Rajasthan Cylinders Containers is at a critical juncture, facing significant financial and operational challenges. While the closure of manufacturing operations and widening losses raise concerns, the management's efforts to explore new projects suggest a commitment to turning the company around. Investors and stakeholders will be closely watching the company's next steps and the outcome of its restructuring efforts.

Rajasthan Cylinders Containers has announced the reappointment of Mr. Avinash Bajoria as Managing Director and Chairman for a three-year term, following approval by shareholders at the company's 45th Annual General Meeting (AGM).

Key Details of the Reappointment

• Term: October 15, 2025 to October 14, 2028
• Approval Date: September 15, 2025
• Position: Managing Director and Chairman
• DIN: 01402573

About Avinash Bajoria

Mr. Avinash Bajoria brings a wealth of experience to his role:

• Education: Commerce Graduate
• Experience: Over 26 years in manufacturing, trading, and export activities
• Expertise: Extensive knowledge in financial and production activities
• Role: Serves as liaison in public relations for the Bajoria Group of Industries

Family Connections in the Company

The reappointment highlights the family's significant involvement in the company's leadership:

• Spouse: Mrs. Preetanjali Bajoria, who serves as Whole-time Director
• Daughter: Ms. Avanti Bajoria, a Non-Executive Director of the company

Shareholder Approval and Voting Results

The reappointment of Mr. Avinash Bajoria was passed as a Special Resolution at the AGM with unanimous support:

The resolution received a total of 2,435,117 votes, representing 72.44% of the total shareholding, with 100% voting in favor of Mr. Bajoria's reappointment.

Company Background

Rajasthan Cylinders and Containers Limited, with its registered office in Jaipur, is engaged in manufacturing activities. The company's continued trust in Mr. Bajoria's leadership suggests confidence in his ability to guide the organization through the next three years.

This reappointment underscores the company's commitment to maintaining stable leadership and leveraging Mr. Bajoria's extensive industry experience for its future growth and development.