Riddhi Display Equipments Clarifies Board Meeting Disclosure Submission to BSE
Riddhi Display Equipments Limited clarified to BSE that alleged delay in board meeting disclosure submission was due to technical constraints with the Listing Centre portal, though the company submitted required information via email within prescribed timeline on January 5, 2026. The board approved strong H1 FY26 results showing revenue of ₹1,448.17 lakhs and net profit of ₹319.31 lakhs, representing significant growth over the previous year period.
*this image is generated using AI for illustrative purposes only.
Riddhi Display Equipments Limited has provided a detailed clarification to BSE Limited regarding concerns over the alleged delay in submitting board meeting outcomes held on January 5, 2026. The company's response, dated January 20, 2026, addresses BSE's email from January 14, 2026, regarding late submission of disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015.
Technical Constraints Behind Submission Issue
The company clarified that it had duly submitted the board meeting outcome via email on January 5, 2026, immediately after the meeting concluded, within the timelines prescribed under Regulation 30(6) of SEBI (LODR) Regulations, 2015. However, technical constraints prevented online submission through the BSE Listing Centre portal.
| Issue Details: | Description |
|---|---|
| New BSE Script Code: | 544640 |
| System Problem: | Code not enabled in Listing Centre |
| Old Code Showing: | 86661056 (temporary) |
| Email Submission: | January 5, 2026 (same day) |
| Meeting Duration: | 5:00 PM to 5:30 PM |
The company emphasized that the delay was purely technical and procedural, beyond its control, with no actual delay in disseminating material information to the exchange.
Board Meeting Outcomes and Financial Results
The board meeting held on January 5, 2026, considered and approved the unaudited standalone financial results under Ind AS for the half year ended September 30, 2025. The statutory auditors conducted a limited review of these financial results as required under Regulation 33 of SEBI (LODR) Regulations, 2015.
| Financial Highlights: | H1 FY26 | H1 FY25 | Change |
|---|---|---|---|
| Revenue from Operations: | ₹1,448.17 lakhs | ₹1,436.72 lakhs | +0.80% |
| Total Income: | ₹1,449.14 lakhs | ₹1,436.72 lakhs | +0.86% |
| Net Profit: | ₹319.31 lakhs | ₹222.64 lakhs | +43.43% |
| Earnings Per Share: | ₹5.17 | ₹29.94 | - |
The company demonstrated strong operational performance with revenue growth and significant improvement in profitability during the half year period.
Balance Sheet Position
The company's financial position as of September 30, 2025, shows substantial growth in assets and business scale compared to the previous year.
| Key Balance Sheet Items: | Sep 30, 2025 | Sep 30, 2024 |
|---|---|---|
| Total Assets: | ₹4,126.52 lakhs | ₹2,517.08 lakhs |
| Share Capital: | ₹617.16 lakhs | ₹74.36 lakhs |
| Inventories: | ₹1,777.60 lakhs | ₹825.71 lakhs |
| Trade Receivables: | ₹1,421.75 lakhs | ₹965.90 lakhs |
The significant increase in share capital reflects the company's Initial Public Offering (IPO) of 24,68,400 equity shares at ₹100 per share, which got listed on BSE Emerge Platform on December 15, 2025.
Company's Business Operations
Riddhi Display Equipments Limited specializes in creating innovative and tailor-made solutions for commercial kitchen and bakery setup requirements. The company offers customized display equipment for various food retail segments including sweet shops, bakeries, fast-food outlets, restaurants, food courts, cafes, retail shops, supermarkets, ice cream parlours, and cake shops.
Resolution Request
The company has requested BSE to take the clarification on record and treat the compliance as duly made within the prescribed time. Managing Director Shailesh Ratilal Pipaliya signed the clarification letter, emphasizing that there was no intentional delay in disclosure and that the company had been continuously corresponding with the exchange for updating the correct script code and activating Listing Centre access.
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