Rathi Bars Limited, a prominent player in the Indian steel industry, held its 32nd Annual General Meeting (AGM) on September 16, 2025, where shareholders approved several significant resolutions that will shape the company's leadership and governance for the coming years.

Leadership Reappointments

The AGM saw the reappointment of two key executives to the company's leadership team:

1. Mr. Anurag Rathi was reappointed as Managing Director for a five-year term starting January 21, 2026. Mr. Rathi, described as a visionary leader, has been instrumental in establishing Rathi Steels Ltd as a premium construction steel brand in India. His extensive experience and community involvement, including memberships in organizations such as the CII Delhi regional council and PHD, underscore his commitment to both business excellence and social responsibility.

2. Mr. Uddhav Rathi was reappointed as Whole Time Director, also for a five-year term beginning January 21, 2026. Specializing in Marketing and Finance, Mr. Uddhav Rathi has been pivotal in strengthening the company's position in the competitive steel industry.

It's worth noting that Mr. Anurag Rathi and Mr. Uddhav Rathi are related, with Anurag being Uddhav's uncle, bringing a blend of family leadership and professional expertise to the company's top management.

New Board Appointment

The shareholders approved the appointment of Mr. Hukum Singh as a Non-Executive & Non-Independent Director. Mr. Singh, who had been serving as an Additional Director since October 25, 2024, brings a diverse background to the board. His experience includes service in the Indian Air Force and over two decades in the corporate sector, with previous roles at companies such as Avery India Limited, Systopic Lab Limited, and LG Electronics.

Secretarial Auditor Appointment

In a move to ensure continued compliance and governance, the AGM approved the appointment of M/s Siya Ram & Associates as the company's Secretarial Auditor. The firm, which boasts over a decade of experience in professional company secretary services, has been engaged for a five-year term from the financial year 2025-26 to 2029-30.

Conclusion

These appointments and reappointments reflect Rathi Bars Limited's commitment to maintaining strong leadership and governance structures. The mix of long-standing family leadership and new expertise on the board positions the company to navigate the challenges and opportunities in the steel industry in the coming years.

The decisions made at this AGM are expected to provide stability and strategic direction to Rathi Bars Limited as it continues to strengthen its position as a leading steel manufacturer in India.

Rathi Bars Limited , a prominent player in the steel industry, has announced its unaudited financial results for the first quarter of the fiscal year 2025-26, ending June 30, 2025. The company's performance shows a slight decline in revenue and profitability compared to the same period last year.

Financial Highlights

Revenue and Profitability

Rathi Bars Limited reported a total revenue of ₹13,305.90 lacs for Q1 FY2025-26, marking a decrease of 9.88% from ₹14,764.30 lacs in the corresponding quarter of the previous year. The revenue from operations stood at ₹13,283.55 lacs, down by 9.93% from ₹14,748.28 lacs in Q1 FY2024-25.

The company's net profit for the quarter under review was ₹84.19 lacs, showing a decline of 12.89% compared to ₹96.65 lacs in the same quarter of the previous fiscal year. This reduction in profitability is reflected in the earnings per share (EPS), which decreased to ₹0.52 from ₹0.59 in Q1 FY2024-25.

Operational Performance

Despite the challenging market conditions, Rathi Bars Limited maintained its operational efficiency. The company's cost of materials consumed stood at ₹7,003.66 lacs, while the purchase of stock-in-trade was ₹5,492.03 lacs. Employee benefits expense for the quarter was ₹112.22 lacs, and finance costs amounted to ₹143.15 lacs.

Balance Sheet Stability

The company's balance sheet remains stable, with the equity share capital maintained at ₹1,633.04 lacs. Rathi Bars Limited reported no outstanding defaults on loans or debt securities, indicating a healthy financial position.

Management Review and Approval

The financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors in their meeting held on August 12, 2025. The meeting commenced at 3:00 PM and concluded at 3:30 PM.

Auditor's Review

MASAR & Co., Chartered Accountants, conducted a limited review of the financial results. Based on their review, they found no material misstatements in the financial information provided by the company.

Rathi Bars Limited continues to navigate through market challenges while maintaining its operational integrity. Investors and stakeholders will be watching closely to see how the company strategizes to improve its performance in the coming quarters.