Ratnaveer Precision Engineering Reports Full Compliance in Rs 28.87 Crore Fund Utilization

Ratnaveer Precision Engineering Limited has confirmed full compliance with its stated objectives for the utilization of funds raised through a preference issue of warrants. The company's Audit Committee has verified that there were no deviations in the use of the approximately Rs 28.87 crore raised on September 5, 2024, for the quarter ended September 30, 2025.

Fund Allocation and Utilization

The funds, totaling Rs 28.87 crore received from investors, were allocated as follows:

Purpose	Amount (in crores)
Meeting working capital requirements/expansion of business	15.66
Business expansion	6.67
General corporate purposes	6.67

Compliance and Oversight

The fund utilization was in line with the objectives approved by shareholders at the Extraordinary General Meeting held on July 26, 2024. This adherence to the stated purposes demonstrates the company's commitment to transparency and responsible financial management.

Audit Committee Review

The Audit Committee of Ratnaveer Precision Engineering Limited has conducted a thorough review of the fund utilization. Their confirmation of compliance adds an additional layer of assurance to shareholders and stakeholders regarding the company's financial practices.

Implications for Investors

This report of full compliance in fund utilization may be viewed positively by investors, as it reflects:

Adherence to stated objectives
Transparent financial practices
Effective internal controls and governance

The company's careful management of these funds could potentially contribute to its growth and operational efficiency in the coming periods.

Conclusion

Ratnaveer Precision Engineering's report on fund utilization demonstrates its commitment to transparent and responsible financial management. As the company moves forward with its expansion and working capital plans, stakeholders will likely keep a close eye on how these investments translate into business growth and performance in the future quarters.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.83%	+0.13%	-5.57%	+17.56%	-26.38%	+15.23%

Ratnaveer Precision Engineering Limited has announced a significant expansion of its senior management team, designating seven officials to key positions effective November 3, 2025. This strategic move, approved by the company's Board of Directors, aims to strengthen the company's leadership across various crucial operational areas.

New Senior Management Appointments

The company has designated the following officials as Senior Management Personnel:

Name	Designation	Area of Responsibility
Ajay K Panchal	GM - Accounts & Finance	Compliance, Accounts, and Finance
Ashok R Chavda	Manager - Procurement	Import of purchased goods
Nayee Prakashraj M	DGM - QA & QC	Quality systems, Production compliance, Quality data analysis
Pravinkumar Patel	DGM - Operation	Operations related to washers and fasteners
Rajani kanta Ratha	DGM - Production	Production related to pipes and tubes
Satish Garg	Vice President - Marketing	Overall sales and marketing
Agotariya Vimal V	Head - Business Development and Operations	Research and development, Business development, Operations

These appointments are in line with the SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, and Regulation 16(1)(d) of SEBI (LODR) Regulations, 2015.

Financial Performance

In addition to the management changes, Ratnaveer Precision Engineering Limited also released its unaudited financial results for the second quarter and half-year ended September 30, 2025. Key highlights include:

Revenue from operations for Q2 2025 stood at ₹2,856.68 crore, up from ₹2,299.93 crore in Q2 2024.
Profit before tax for Q2 2025 was ₹200.98 crore, compared to ₹181.98 crore in the same quarter last year.
For the half-year ended September 30, 2025, the company reported a total revenue of ₹5,528.16 crore and a profit before tax of ₹380.48 crore.

The company's performance shows growth in both revenue and profitability compared to the previous year, indicating positive momentum in its operations.

Segment Performance

Ratnaveer Precision Engineering's segment-wise revenue for Q2 2025 shows:

Domestic segment revenue: ₹2,656.33 crore
Outside India segment revenue: ₹200.35 crore

This breakdown highlights the company's strong presence in the domestic market while also maintaining international operations.

The strategic appointments and robust financial performance underscore Ratnaveer Precision Engineering's commitment to strengthening its market position and operational efficiency. As the company moves forward with its expanded leadership team, it appears well-positioned to capitalize on growth opportunities in both domestic and international markets.