Rain Industries Limited has responded to queries from both BSE and NSE regarding significant price movement in its shares, while announcing that its board meeting to approve annual audited financial results for FY25 is scheduled for February 27, 2026.

Dual Exchange Response on Price Movement

The company issued a comprehensive response to surveillance letters from both stock exchanges dated December 31, 2025. NSE's letter reference number NSE/CM/Surveillance/16261 and BSE's letter reference number L/SURV/ONL/PV/AJ/2025-2026/3257 both addressed concerns about unusual trading activity in the company's scrip.

Board Meeting Schedule for FY25 Results

Rain Industries confirmed that its board meeting for approval of annual audited financial results for the financial year ending December 31, 2025, is scheduled for Friday, February 27, 2026. The company had previously informed the stock exchanges about this meeting date on December 30, 2025, in compliance with Regulation 29 of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.

Company's Position on Market Activity

Rain Industries categorically stated that there is no undisclosed information or impending announcements, including unpublished price-sensitive information, that could influence the share price. The management attributed the significant price movement entirely to market forces rather than any internal corporate developments.

The company emphasized its commitment to Regulation 30 compliance, which mandates listed companies to inform exchanges about all events and information impacting company operations and performance. Rain Industries reaffirmed that it regularly intimates material events that have impact on company operations to stock exchanges.

Regulatory Compliance Framework

The company's response, signed by Company Secretary S. Venkat Ramana Reddy, reinforced its dedication to maintaining proper disclosure standards. Rain Industries assured prompt disclosure of material events to stock exchanges in compliance with SEBI regulations, demonstrating its commitment to transparency standards expected from listed entities.

Rain Industries , a leading global producer of carbon and advanced materials, has reported its financial results for the third quarter, showcasing signs of recovery in its carbon business and unveiling ambitious expansion plans for its cement operations.

Financial Performance

The company reported an adjusted EBITDA margin of 14.5% on revenue of ₹44.76 billion for Q3. While this marks an improvement from previous quarters, management indicated that the company has not yet achieved its normalized quarterly EBITDA target.

Carbon Segment Recovery

Rain's carbon segment, which contributes significantly to the company's revenue, showed margin recovery in Q2 and Q3 after facing challenges from raw material pricing and Battery Anode Materials (BAM) impact. Both the Special Economic Zone (SEZ) and Domestic Tariff Area (DTA) plants are now operating at approximately 90% capacity following regulatory changes that allowed for Green Petroleum Coke (GPC) imports.

Cement Expansion Plans

Rain Industries has announced a ₹757 crore brownfield cement expansion project. The plan includes:

• Adding 1.5 million tonnes of clinker capacity
• Increasing cement capacity by 2.3 million tonnes
• Targeting commissioning in Q4 2027
• Projected Internal Rate of Return (IRR) of 14-16%

The expansion will also incorporate a 7MW Waste Heat Recovery (WHR) system, aiming to increase the company's green power share to 45-50% by 2028.

Debt Reduction Progress

The company reported an improvement in its net debt to EBITDA ratio, which decreased to 3.3x in Q3 from 3.9x in Q4 of the previous year. Management expects to approach a 3x ratio during the current year.

Advanced Materials and Battery Technology

Rain Industries is actively pursuing opportunities in the battery materials space:

• Secured CAD 860,000 in government funding for battery anode materials (BAM) R&D collaboration with Northern Graphite
• Total project budget of CAD 3.1 million
• Focus on transforming natural graphite processing by-products into high-performance, battery-grade anode materials

Energy Costs and Market Dynamics

Management noted that energy costs in Europe "remain manageable," with natural gas prices currently ranging between €30 to €40 per MMBtu, lower than recent peak levels but still above historical averages.

Future Outlook

While not providing specific guidance, Rain Industries' management expressed confidence in the company's positioning across both Carbon and Advanced Materials segments. The focus remains on specialty applications, proactive supply chain strategies, and capitalizing on emerging opportunities in the battery materials and sustainable cement production sectors.

As Rain Industries continues to navigate global market challenges and pursue strategic growth initiatives, investors will be watching closely to see if the company can achieve its normalized EBITDA targets and successfully execute its expansion plans in the coming quarters.