Rashi Peripherals Q3FY26 Results: Revenue Hits ₹40.30B, Appoints New CEO

1 min read Updated on 29 Jan 2026, 12:59 PM

Reviewed by

Naman SScanX News Team

Overview

Rashi Peripherals delivered strong Q3FY26 results with consolidated revenue of ₹40.30 billion, up 42.61% year-on-year, and net profit of ₹745.94 million, representing 132.60% growth. The company made strategic leadership appointments including Mr. Rajesh Goenka as CEO and approved formation of a UAE subsidiary for ICT distribution.

*this image is generated using AI for illustrative purposes only.

Rashi Peripherals Limited has announced its consolidated financial results for Q3FY26 ended December 31, 2025, demonstrating strong performance across key metrics. The company also made significant leadership appointments and strategic expansion moves during the quarter.

Q3FY26 Financial Performance

The company delivered robust consolidated financial results for the quarter ended December 31, 2025:

Metric:	Q3FY26	Q3FY25	YoY Growth
Consolidated Revenue:	₹40,304.12 million	₹28,263.07 million	+42.61%
Consolidated Net Profit:	₹745.94 million	₹320.70 million	+132.60%
Standalone Revenue:	₹38,044.96 million	₹26,511.45 million	+43.49%
Standalone Net Profit:	₹702.80 million	₹308.28 million	+128.02%

The consolidated revenue of ₹40,304.12 million represents a significant increase from ₹28,263.07 million in the corresponding quarter of the previous year. Net profit after tax surged to ₹745.94 million compared to ₹320.70 million in Q3FY25.

Leadership Appointments

The company announced two key leadership appointments effective February 3, 2026:

Position:	Details
CEO & Whole-Time Director:	Mr. Rajesh Goenka (DIN: 10985108)
Term:	5 years (February 3, 2026 to February 2, 2031)
Independent Director:	Dr. Indumati Gopinathan (DIN: 06779331)
Tenure:	Until 38th Annual General Meeting

Mr. Rajesh Goenka brings over 25 years of experience in sales and marketing, having been associated with the company since 2008. Dr. Indumati Gopinathan is an experienced pathologist with leadership roles in healthcare organizations.

Strategic Expansion and Corporate Actions

The company approved the formation of a step-down subsidiary in UAE, which will be wholly-owned by Rashi Peripherals Pte. Ltd. The new entity, Rashi Peripherals LLC, will have authorized capital of UAE Dirham 1,00,000 with investment up to US$ 5,00,000.

Development:	Details
UAE Subsidiary:	Rashi Peripherals LLC
Investment:	Up to US$ 5,00,000
Business Focus:	ICT Product Distribution
Internal Auditor:	M/s. GMJ & Co. reappointed for FY2026-27

IPO Proceeds Utilization

As of December 31, 2025, the company has substantially utilized its IPO proceeds of ₹554.14 crore, with ₹552.53 crore deployed and only ₹1.61 crore remaining unutilized under General Corporate Purposes. The monitoring agency CARE Ratings Limited reported no deviations in fund utilization during the quarter.

Historical Stock Returns for Rashi Peripherals

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+3.50%	+8.02%	+1.15%	+26.13%	+13.25%	+13.51%

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Rashi Peripherals Receives ₹1.96 Crore GST Demand Order for FY 2021-22

2 min read Updated on 01 Jan 2026, 03:42 PM

Reviewed by

Jubin VScanX News Team

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Overview

Rashi Peripherals Limited received a ₹1.96 crore GST demand order from Chennai North Commissionerate for FY 2021-22, alleging wrong ITC availment on imports and excess ITC claims. The demand includes ₹1.78 crores in taxes and ₹17.79 lakhs in penalties across CGST, IGST, and SGST. Company management considers the demand unjustified and plans to file an appeal with tax consultants' assistance. The amount will be treated as contingent liability until final resolution.

*this image is generated using AI for illustrative purposes only.

Rashi Peripherals Limited has received a significant GST demand order from tax authorities, totaling ₹1.96 crores for alleged Input Tax Credit (ITC) violations pertaining to Financial Year 2021-22. The company disclosed this development through a regulatory filing under SEBI Listing Regulations on January 1, 2026.

GST Demand Details

The Assistant Commissioner of GST & Central Excise, Chennai North Commissionerate, issued the order on December 31, 2025, with reference number GEXCOM/ADJN/GST/11681/2025-CGST-DIV-PUR-COMMRTE-CHENNAI (N). The demand breakdown across different GST components is as follows:

GST Component	Tax Amount (₹)	Penalty Amount (₹)	Total Amount (₹)
CGST	3,78,198	37,820	4,16,018
IGST	1,70,30,012	17,03,001	1,87,33,013
SGST	3,78,333	37,833	4,16,166
Total	1,77,86,543	17,78,654	1,95,65,197

Nature of Alleged Violations

The GST order stems from an adjudication of Show Cause Notice (SCN) No. 08/2025 GST (AC) dated September 23, 2025. The authorities have alleged that Rashi Peripherals committed the following violations:

Wrong availment of Input Tax Credit (ITC) on import of goods
Excess claim of ITC by the company
Liability to pay the demanded tax amount and associated penalties

The company received the official communication on December 31, 2025, at 17:40 hours, marking the formal start of the compliance timeline for response.

Company's Response Strategy

Rashi Peripherals' management has expressed strong disagreement with the GST demand, stating that the allegations are not justified. The company is actively engaging with its tax consultants to prepare a comprehensive appeal against the order. This approach indicates the company's confidence in challenging the demand through proper legal channels.

Financial Impact and Disclosure

The GST demand will have specific accounting implications for Rashi Peripherals:

Impact Parameter	Details
Demand Amount	₹1.96 crores (including penalty)
Accounting Treatment	Contingent liability in financial statements
Duration	Until final disposal of the matter
Financial Year Affected	2021-22

The company has fulfilled its regulatory obligations by promptly disclosing this material development to stock exchanges under Regulation 30 of SEBI Listing Regulations. The disclosure ensures transparency for investors and stakeholders regarding potential financial obligations.

Regulatory Compliance

The filing was signed by Arvind Bajoria, Company Secretary and Compliance Officer, demonstrating proper corporate governance protocols. The company has requested both BSE Limited and National Stock Exchange of India Limited to take the disclosure on record, ensuring full regulatory compliance.

This development represents a significant regulatory challenge for Rashi Peripherals, though the company's decision to contest the demand suggests confidence in its tax compliance practices for the period in question.

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