Rasi Electrodes Limited has announced a board meeting scheduled for Saturday, February 14, 2026, at 11:30 AM to deliberate on several important corporate matters, including the company's quarterly financial performance and key governance decisions.

Financial Results Review

The primary agenda item involves the consideration and approval of unaudited financial results for the quarter ended December 31, 2025. The board will review the company's Q3FY26 performance and take the results on record as part of its regular financial reporting obligations.

Related Party Transaction Approval

A significant agenda item involves the proposed supply of solar power generated from the company's upcoming solar power plant to Kashyap Wire Products, a proprietary entity owned by the spouse of the Managing Director. This transaction falls under Section 188 of the Companies Act, 2013, governing related party transactions.

Corporate Governance Appointments

The board will consider appointing a Practicing Company Secretary as Secretarial Auditor under Section 204 of the Companies Act, 2013. This appointment is proposed for a five-year term, aligning with the amended provisions of SEBI (LODR) Regulations, 2015.

Shareholder Approval Process

The company plans to initiate a postal ballot process to obtain shareholder approval for both the related party contract and the Secretarial Auditor appointment. This approach ensures compliance with regulatory requirements and maintains transparency in corporate decision-making.

Meeting Structure

The board meeting agenda also includes provisions for considering additional matters with the consent of the Chairman and Independent Directors, providing flexibility for addressing any urgent business requirements that may arise.

Rasi Electrodes Limited , a manufacturer of welding electrodes and CCMS wire, has announced its financial results for the first quarter ended June 30, 2025, showing a significant increase in profitability despite a slight decline in revenue.

Financial Highlights

• Net profit for Q1 FY2026 rose to Rs 125.73 lakhs, marking a 15% increase from Rs 109.34 lakhs in the same quarter last year.
• Revenue from operations declined to Rs 1,942.41 lakhs from Rs 2,125.02 lakhs year-over-year, representing an 8.6% decrease.
• Other income saw a substantial increase to Rs 37.47 lakhs, compared to Rs 6.63 lakhs in the corresponding quarter of the previous year.

Key Financial Metrics

Corporate Decisions and Outlook

The Board of Directors of Rasi Electrodes Limited convened on August 8, 2025, and made several key decisions:

1. Annual General Meeting: The company's 31st Annual General Meeting is scheduled for September 29, 2025.

2. Dividend: No dividend has been proposed for the financial year.

3. Board Reappointment: Non-Independent Director B Ranjit Kumar Kothari will seek re-election at the upcoming AGM.

4. Investment Authorization: The Board has authorized Managing Director B Popatlal Kothari to invest surplus funds up to Rs 15 crores in various instruments, including inter-corporate deposits, bank deposits, mutual funds, and equity shares of listed or unlisted companies.

5. Loan Provision: Mr. Kothari has been authorized to provide loans and advances up to Rs 5 crores to non-related entities for business purposes.

Business Segments

While Rasi Electrodes primarily operates in the welding electrodes and CCMS wire manufacturing sector, the company has also ventured into a small trading business in groceries. This new segment generated a turnover of Rs 3.93 lakhs during the quarter, indicating the company's efforts to diversify its revenue streams.

The company's financial results demonstrate resilience in profitability despite challenging market conditions affecting revenue. The significant increase in other income and the authorization for substantial investments suggest a strategic approach to managing finances and exploring growth opportunities.