Rapicut Carbides Limited has announced the resignation of its Chief Financial Officer Mr. PR Venkatta Ramanan, effective March 31, 2026. The company communicated this key managerial personnel change to BSE Limited on March 5, 2026, in compliance with regulatory disclosure requirements under Regulation 30.

Resignation Details

Mr. PR Venkatta Ramanan has tendered his resignation from his position as Chief Financial Officer and Key Managerial Personnel of the company. The resignation stems from personal circumstances, as he has decided to relocate to his native place to take care of his ageing parents.

Regulatory Compliance

The announcement was made pursuant to Regulation 30 and Part A of Schedule III of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015. The company has provided all required details as mandated under the regulatory framework, including SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. Company Secretary & Compliance Officer Kamlesh M Shinde digitally signed the official communication to BSE Limited.

Impact on Authority and Responsibilities

Upon the effective date of resignation, Mr. Ramanan will cease to hold multiple key positions within the organization:

Official Documentation

The company has submitted comprehensive documentation to the stock exchange, including the formal resignation letter from Mr. Ramanan. In his resignation letter dated March 5, 2026, addressed to Managing Director Mr. Abhishek Gami, Mr. Ramanan confirmed that there are no other specific reasons for his resignation beyond the personal circumstances mentioned. He expressed gratitude to the organization and employees for their cooperation and guidance during his tenure.

The resignation represents a significant change in the company's key managerial personnel structure, with the CFO position becoming vacant from April 1, 2026, onwards.

Rapicut Carbides Limited has announced its unaudited financial results for the third quarter of FY26, demonstrating a strong operational turnaround with significant improvements across key financial metrics. The tungsten carbide products manufacturer reported robust growth in both revenue and profitability for the quarter ended December 31, 2025.

Financial Performance Highlights

The company's quarterly performance showed remarkable improvement compared to the previous year. Revenue from operations increased substantially, while the company successfully returned to profitability after posting losses in the corresponding quarter last year.

Nine-Month Performance Analysis

The year-to-date figures for the nine months ended December 31, 2025, further reinforce the company's strong recovery trajectory. The substantial improvement in financial metrics demonstrates effective operational management and market positioning.

Operational Efficiency and Cost Management

The company demonstrated improved operational efficiency during the quarter. Total expenses increased to ₹1,904.13 lakhs from ₹1,329.86 lakhs in Q3FY25, primarily due to higher cost of materials consumed reflecting increased business activity. However, the company managed to maintain healthy profit margins despite the volume growth.

Key expense components showed varied trends:

• Cost of materials consumed: ₹2,008.03 lakhs (Q3FY26) vs ₹734.98 lakhs (Q3FY25)
• Employee benefits expense: ₹150.61 lakhs vs ₹152.14 lakhs
• Finance costs decreased to ₹12.44 lakhs from ₹27.18 lakhs

Corporate Governance and Compliance

The financial results were reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on February 11, 2026. The results have been prepared in accordance with Indian Accounting Standard (Ind AS) 34 for interim financial reporting.

The company operates in a single reportable business segment of tungsten carbide products as per Ind AS 108. The paid-up equity share capital remained stable at ₹537.12 lakhs with a face value of ₹10 per share.

Regulatory Updates

The company noted the implementation of four new Labour Codes by the Government of India, effective from November 21, 2025, which consolidate 29 existing labour laws. Management indicated they will assess any potential impact once the Central and State Governments notify the comprehensive rules, though no additional impact on gratuity is expected from compliance with the Labour Codes.