Rashi Peripherals Limited announced significant board changes on February 3, 2026, with the appointment of two additional directors following recommendations from the Nomination and Remuneration Committee. The appointments were made in compliance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Key Board Appointments

The board approved two strategic appointments that will strengthen the company's leadership structure:

Rajesh Goenka's Leadership Profile

Mr. Rajesh Goenka brings substantial experience to his new role as Chief Executive Officer. He holds a Bachelor's degree in Chemical Engineering from Pune University and has accumulated over 25 years of extensive experience in sales and marketing. His association with the company dates back to 2008, where he has played a pivotal role in driving growth through strategic vision and leadership.

Goenka has been instrumental in shaping the company's remarkable journey, leading it to achieve consistent double-digit compound annual growth rate (CAGR) for over 20 years. His appointment as Whole-Time Director and CEO reflects the board's confidence in his ability to continue steering the company's growth trajectory.

Dr. Indumati Gopinathan's Expertise

Dr. Indumati Gopinathan joins as an Additional Non-Executive Independent Director, bringing diverse professional experience from the healthcare sector. She is an experienced pathologist with MBBS and MD degrees from Seth G.S. Medical College, Mumbai, and has led pathology departments in leading hospitals with specialization in ocular pathology and uropathology.

Her professional portfolio includes:

• Current role as Independent Director at Thyrocare Technologies Limited
• Leadership positions in National AIDS Control Organization and Indian Medical Association
• Pioneer in telemedicine initiatives
• Completion of Masterclass on Women Directorship by NSE Limited
• Active involvement in healthcare governance and social impact projects

Regulatory Compliance and Next Steps

Both appointments comply with SEBI regulations and require approval from the company's members. The directors have confirmed that neither appointee is debarred from holding directorial positions by SEBI or any other regulatory authority. The appointments reflect Rashi Peripherals' commitment to strengthening its board composition with experienced professionals who can contribute to the company's strategic objectives and governance standards.

Rashi Peripherals Limited has received a significant GST demand order from tax authorities, totaling ₹1.96 crores for alleged Input Tax Credit (ITC) violations pertaining to Financial Year 2021-22. The company disclosed this development through a regulatory filing under SEBI Listing Regulations on January 1, 2026.

GST Demand Details

The Assistant Commissioner of GST & Central Excise, Chennai North Commissionerate, issued the order on December 31, 2025, with reference number GEXCOM/ADJN/GST/11681/2025-CGST-DIV-PUR-COMMRTE-CHENNAI (N). The demand breakdown across different GST components is as follows:

Nature of Alleged Violations

The GST order stems from an adjudication of Show Cause Notice (SCN) No. 08/2025 GST (AC) dated September 23, 2025. The authorities have alleged that Rashi Peripherals committed the following violations:

• Wrong availment of Input Tax Credit (ITC) on import of goods
• Excess claim of ITC by the company
• Liability to pay the demanded tax amount and associated penalties

The company received the official communication on December 31, 2025, at 17:40 hours, marking the formal start of the compliance timeline for response.

Company's Response Strategy

Rashi Peripherals' management has expressed strong disagreement with the GST demand, stating that the allegations are not justified. The company is actively engaging with its tax consultants to prepare a comprehensive appeal against the order. This approach indicates the company's confidence in challenging the demand through proper legal channels.

Financial Impact and Disclosure

The GST demand will have specific accounting implications for Rashi Peripherals:

The company has fulfilled its regulatory obligations by promptly disclosing this material development to stock exchanges under Regulation 30 of SEBI Listing Regulations. The disclosure ensures transparency for investors and stakeholders regarding potential financial obligations.

Regulatory Compliance

The filing was signed by Arvind Bajoria, Company Secretary and Compliance Officer, demonstrating proper corporate governance protocols. The company has requested both BSE Limited and National Stock Exchange of India Limited to take the disclosure on record, ensuring full regulatory compliance.

This development represents a significant regulatory challenge for Rashi Peripherals, though the company's decision to contest the demand suggests confidence in its tax compliance practices for the period in question.