Rajratan Global Wire Limited , a leading manufacturer of bead wire, has announced growth projections for the fiscal year 2026 (FY26), highlighting improvements across its operations.

Volume Growth and Revenue Projections

The company expects a 15% consolidated volume growth in FY26, underpinned by performance across its facilities. For the first half of FY26, Rajratan Global Wire projects a 16% year-on-year increase in revenue, targeting ₹540.00 crore. This growth is expected to be accompanied by EBITDA margins of around 13%.

Chennai Plant Profitability

A key highlight of the company's recent performance is the turnaround of its Chennai plant. The facility has achieved profitability at 60% utilization, marking a milestone in its operational efficiency. This development demonstrates the plant's ability to contribute positively to the company's bottom line before reaching full capacity.

Thailand Operations

Rajratan's Thailand operations continue to show strong performance, maintaining a utilization rate of 91%. This indicates efficient capacity management and robust demand in the international market.

Strategic Initiatives

The company's growth strategy includes:

1. Capacity Expansion: Rajratan Global Wire is expanding its total capacity to 1.2 lakh tonnes per annum (TPA) across its India and Thailand operations.
2. Export Mix Improvement: The company is focusing on enhancing its export mix, which is expected to contribute to revenue growth and margin improvement.
3. Market Share Gains: With increased capacity and improved operational efficiency, Rajratan aims to capture a larger share of the bead wire market.

Financial Outlook

The projected growth and operational improvements are expected to result in:

• Higher operating leverage
• Improved profitability
• Strengthened market position

Investor Presentation Highlights

According to the recent investor presentation for Q2 FY2025-26:

• The company achieved its highest ever quarterly consolidated volumes, exceeding 32,000 MT.
• Bead wire volumes reached a record 29,003 MT across all plants.
• EBITDA touched ₹40.00 crore, the highest in 13 quarters.
• The Chennai plant turned profitable within 12 months of commissioning.
• Thailand subsidiary operations remained growing and profitable, despite Chinese competition.

Management Commentary

Sunil Chordia, Chairman and Managing Director, stated, "The game-changer in the company's performance was the decisive turnaround in its new Chennai plant. This plant turned profitable within 12 months of being commissioned - achieving 60% capacity utilisation in the latter half of Q2 FY26."

He further added, "As the Chennai plant increases capacity utilisation, the growth impact on the company's financials could become more evident and sustainable."

Rajratan Global Wire's projections and recent performance indicate a positive outlook for the company, with strategic expansions and operational efficiencies driving growth in the coming fiscal year.

Rajratan Global Wire Limited , a leading manufacturer in the wire industry, recently held its 37th Annual General Meeting (AGM), where shareholders approved several important appointments and decisions. The meeting, which lasted 16 minutes, saw the approval of key director appointments and the selection of a new secretarial auditor.

Director Appointments

The shareholders approved the re-appointment of two Independent Directors and the appointment of a new one:

1. Mrs. Alka Arora Misra: Re-appointed as an Independent Director, Mrs. Misra brings over 35 years of experience from the Indian Railways. She is a former senior bureaucrat specializing in infrastructure, logistics, and human resource development. Mrs. Misra also serves as the founding Vice Chancellor of the National Rail and Transport University in Vadodara.

2. Mr. Sanjeev Sood: Re-appointed as an Independent Director, Mr. Sood has more than four decades of experience in manufacturing and P&L roles. He currently leads Aditya Birla Group operations in Thailand and serves on the boards of several companies in the region.

3. Mr. Sandeep Mahajan: Newly appointed as an Independent Director, Mr. Mahajan is the Chairman of Assurance International Ltd. He brings over 30 years of leadership experience across global consumer brands, including previous roles as Chairman & Managing Director of Goodyear India Ltd.

Secretarial Auditor Appointment

Shareholders approved the selection of Mr. Palash Jain & Co., Practicing Company Secretaries, as the company's Secretarial Auditors. The firm will serve for a five-year term from FY 2025-2026 to FY 2029-2030.

Voting Results

The company reported strong shareholder participation in the voting process:

Other AGM Business

The AGM also saw the approval of other standard items of business, including:

• Adoption of the audited financial statements
• Declaration of a dividend of Rs. 2 per equity share
• Re-appointment of Mr. Abhishek Dalmia as a director
• Ratification of Cost Auditors' remuneration

The meeting was conducted through video conferencing, with the company's registered office deemed as the venue. The scrutinizer's report confirmed the voting results.

These appointments and decisions reflect Rajratan Global Wire's commitment to strong corporate governance and its efforts to bring diverse expertise to its board. The high approval rates for all resolutions indicate strong shareholder confidence in the company's direction and leadership.