Rhetan TMT Limited announced its unaudited financial results for the quarter ended December 31, 2025, and issued a comprehensive postal ballot notice dated February 12, 2026, for seeking shareholder approval for Memorandum of Association amendment. The TMT bar manufacturing company reported strong quarterly performance while simultaneously initiating strategic business expansion into commodities trading through regulatory compliance procedures.

Board Meeting Outcomes and Postal Ballot Notice

The Board of Directors meeting was conducted on February 12, 2026, from 03:30 PM to 04:00 PM at the company's registered office. The Board approved the unaudited financial results for the quarter and nine months ended December 31, 2025, under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Subsequently, the company issued a formal postal ballot notice on February 16, 2026, to BSE Limited and National Stock Exchange of India Limited under Regulation 30.

Financial Performance for Q3FY26

The company delivered robust financial results for the third quarter. 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. Net profit reached ₹444.78 lakh, representing a substantial increase from ₹139.05 lakh in the corresponding quarter of the previous year.

MOA Amendment for Commodities Trading Business

The postal ballot notice seeks shareholder approval for alteration in the Main Object Clause III [A] of Memorandum of Association by adding sub clause 5. The new object clause will enable the company to carry 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 and allied products, in physical form and through spot, forward, futures, options and other derivative contracts.

E-Voting Schedule and Process

The company has established a comprehensive e-voting process through Central Depository Services (India) Limited (CDSL) for the postal ballot. Mr. Chintan K. Patel, Practicing Company Secretary from Ahmedabad (Membership No. A31987; COP No: 11959), has been appointed as Scrutinizer for conducting the postal ballot through remote e-voting process in a fair and transparent manner.

Nine-Month Performance and Regulatory Compliance

For the nine months ended December 31, 2025, the company reported revenue from operations of ₹1594.81 lakh compared to ₹3067.44 lakh in the corresponding period of the previous year. Despite lower revenue, the net profit for the nine-month period reached ₹807.93 lakh, representing a substantial increase from ₹446.55 lakh in the previous year. The company has fulfilled all regulatory obligations by publishing financial results advertisement in newspapers as per Regulation 47(1)(b) and 47(3) of SEBI LODR Regulations, 2015.

The postal ballot notice has been sent to all members whose email addresses are registered with the Company, Registrar and Share Transfer Agent, or Depository Participants. The company continues to operate as a single-segment company focused on manufacturing TMT bars while exploring strategic expansion into commodities trading business through this MOA amendment.

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.