In a significant move within the promoter group of Rashi Peripherals Limited , a substantial share transfer has taken place through an inter-se gift transaction. The company, known for its presence in the IT peripherals and components distribution sector, has witnessed a reshuffling of ownership among its key stakeholders.

Transaction Details

Gazal Chaman Pansari, a member of the promoter group, transferred her entire shareholding to Chaman Suresh Pansari. The transaction involved the transfer of 25,79,934 shares, representing 3.91% of the company's total share capital.

Impact on Shareholding

The inter-se transfer has resulted in notable changes in the shareholding pattern of Rashi Peripherals Limited:

As evident from the data, Gazal Chaman Pansari's holding has reduced to zero, while Chaman Suresh Pansari's stake has more than doubled, increasing from 3.63% to 7.55% of the total share capital.

Regulatory Compliance

In compliance with SEBI regulations for substantial acquisition of shares and takeovers, the transaction was promptly disclosed to both the BSE and NSE. The disclosure, filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, provides transparency regarding the inter-se transfer within the promoter group.

Company Capital Structure

It's important to note that this transaction does not affect the company's overall equity structure. Rashi Peripherals Limited's total equity share capital remains unchanged at Rs. 32,94,98,325, divided into 6,58,99,665 equity shares of Rs. 5 each.

Market Implications

While this transfer represents a significant shift within the promoter group, it's crucial to understand that it's an internal redistribution of shares. The total promoter group holding remains unaffected, as the shares have been transferred between related parties.

Investors and market watchers may want to take note of this development, as it could potentially influence the company's decision-making processes in the future, given the concentration of a larger stake with Chaman Suresh Pansari.

As Rashi Peripherals continues its journey in the competitive IT distribution landscape, stakeholders will be keen to observe any potential changes in strategy or operations that may follow this ownership reshuffle within the promoter group.

Rashi Peripherals Limited , a leading ICT distributor in India, has reported a strong performance for the first quarter, demonstrating resilience in its core distribution model despite a year-on-year revenue decline.

Financial Highlights

The company reported consolidated revenue of INR 31,521.00 million, marking a 26% year-on-year decline. However, excluding a one-time project deal from the previous year, the company achieved an 11.4% growth in its core business. Notably, Rashi Peripherals saw significant improvements in profitability:

• EBITDA grew by 23% to INR 1,114.00 million
• EBITDA margin expanded by 140 basis points to 3.5%
• PAT (Profit After Tax) rose 12.1% to INR 617.00 million
• PAT margin improved by 70 basis points to 2%

Business Performance

Rashi Peripherals' performance was driven by strong growth in its regular channel business, which outpaced the overall market growth. The company's CEO, Rajesh Goenka, noted that while the overall PC market grew by only about 3%, Rashi Peripherals achieved an 11% growth in its core distribution business.

The company's strategic focus on run-rate business over large deals contributed to the improved margins. Additionally, the company reported strong performance in its organized retail segment, while the online business experienced some degrowth.

New Vertical Growth

Rashi Peripherals' surveillance business, launched a year ago, has shown promising growth. The company expects this vertical to reach significant annual revenue in the coming years, capitalizing on the increasing demand for security solutions in both consumer and corporate segments.

Brand Expansion

The company has strategically added four new brands to its portfolio:

1. MSI gaming laptops (North India distribution, excluding Delhi)
2. Norden, a British brand for networking passive components
3. Riello, an Italian brand for UPS and inverters with local manufacturing in India
4. ALOGIC, an Australian accessories brand with some manufacturing in India

These additions are expected to complement Rashi Peripherals' existing business and strengthen its market position in various segments.

Market Outlook

Rashi Peripherals anticipates stronger market growth in the coming quarters. The company expects the overall PC market to grow by 6-9%, with Rashi Peripherals targeting double the market growth rate.

The impending end of Windows 10 support in October 2025 is expected to drive demand, particularly in the second half. This transition is seen as a significant opportunity for the tech industry, especially in Tier-2 and Tier-3 cities where Rashi Peripherals has a strong presence.

Challenges and Strategies

While the company faces challenges such as increased working capital days and competitive pressures in large deals, management remains optimistic about future growth prospects. Rashi Peripherals is carefully evaluating opportunities in the data center and AI solutions space, balancing potential revenue growth with profitability considerations.

Kapal Pansari, Chairman & Whole-Time Director, concluded, "Our key principles of value-added distribution mindset, maximizing profitability, increasing the value for our shareholders while rewarding our people and team's effort with a strategic outlook and agility on our operations drove these quarter numbers."

As Rashi Peripherals continues to navigate the dynamic ICT distribution landscape, its focus on strategic brand partnerships, expansion into new verticals, and leveraging its extensive distribution network positions the company well for sustained growth in the evolving Indian tech market.