Rhetan TMT Limited announced its unaudited financial results for the quarter ended December 31, 2025, along with significant corporate developments approved by the Board of Directors in their meeting held on February 12, 2026. The TMT bar manufacturing company reported strong quarterly performance while simultaneously initiating strategic business expansion through Memorandum of Association amendments.

Financial Performance for Q3FY26

The company delivered robust financial results for the third quarter of fiscal year 2026. Revenue from operations stood at ₹615.48 lakh, while other income contributed significantly at ₹317.24 lakh, bringing total income to ₹932.72 lakh for the quarter.

The company's cost management remained effective with total expenses of ₹424.35 lakh compared to ₹480.52 lakh in the corresponding quarter of the previous year. Cost of materials consumed was ₹397.55 lakh, while the company benefited from a favorable inventory adjustment of ₹115.24 lakh.

Board Meeting and MOA Amendment Approval

The Board of Directors meeting commenced at 03:30 PM and concluded at 04:00 PM on February 12, 2026. The Board considered and approved the alteration in the Memorandum of Association of the Company, subject to shareholder approval through postal ballot by e-voting. The disclosure was made under Regulation 30 and Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

New Object Clause for Commodities Trading

The new object shall be inserted in the Main Object Clause of the Memorandum of Association by adding Clause no. III [A] (5). The proposed business activity encompasses carrying on the business of trading, buying, selling, importing, exporting, investing in, arbitraging, hedging and otherwise dealing in commodities of every kind and description, permitted by law.

The scope includes:

• Agricultural and non-agricultural commodities
• Metals (precious and base), bullion, minerals
• Energy products, soft commodities, hard commodities
• Operations in physical form and through derivative contracts
• Activities on recognized or unrecognized markets in India and abroad

Nine-Month Performance Analysis

For the nine months ended December 31, 2025, Rhetan TMT Limited reported revenue from operations of ₹1594.81 lakh compared to ₹3067.44 lakh in the corresponding period of the previous year. The net profit for the nine-month period reached ₹807.93 lakh, representing a substantial increase from ₹446.55 lakh in the previous year.

Postal Ballot Process Timeline

The company has initiated a comprehensive postal ballot process to seek shareholder approval for the MOA amendment. Mr. Chintan K. Patel, Practicing Company Secretary from Ahmedabad, has been appointed as Scrutinizer for the entire process.

The e-voting process will commence on February 17, 2026, and conclude on March 18, 2026, with results expected to be declared by March 20, 2026. The company continues to operate as a single-segment company focused on manufacturing TMT bars while exploring expansion into commodities trading business.

Rhetan TMT Limited has successfully completed its postal ballot process for the regularization of an Independent Director appointment, with shareholders demonstrating overwhelming support for the corporate governance initiative. The company announced the results on 4th February, 2026, following the conclusion of the remote e-voting process.

Resolution Details and Voting Outcome

The postal ballot focused on a single special resolution regarding the regularization of Mr. Swapnil Sharad Shimpri (DIN: 10469352) as a Non-Executive Independent Director of the company. The resolution received exceptional shareholder support, with the voting results demonstrating strong confidence in the appointment.

Participation and Process Details

The postal ballot process was conducted entirely through remote e-voting, facilitated by Central Depository Services (India) Limited (CDSL). The voting period commenced on 6th January, 2026 at 9:00 A.M. and concluded on 4th February, 2026 at 5:00 P.M. A total of 103 members participated in the voting process, representing 72.1408% of the company's outstanding shares.

Regulatory Compliance and Documentation

The postal ballot was conducted in accordance with Sections 108 and 110 of the Companies Act, 2013, and Regulation 44 of the SEBI Listing Regulations. Scrutinizer Chintan K. Patel, a Practicing Company Secretary, oversaw the entire process and submitted his report confirming the resolution was passed with requisite majority. The company has made the voting results and scrutinizer's report available on multiple platforms including the company website, BSE, NSE, and CDSL websites.

Corporate Governance Significance

The overwhelming approval of Mr. Swapnil Sharad Shimpri's regularization as Independent Director reflects strong shareholder confidence in the company's corporate governance practices. The appointment strengthens the board's independence and aligns with regulatory requirements for listed companies. The high participation rate and near-unanimous approval demonstrate effective shareholder engagement and transparency in the company's governance processes.