Ratnaveer Precision Engineering Limited has submitted its Monitoring Agency Report for the quarter ended December 31, 2025, in compliance with Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Regulation 41 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The report was issued by Crisil Ratings Limited, the appointed monitoring agency, confirming no deviation in the utilisation of QIP proceeds.

QIP Fund Raising and Utilisation Overview

The company successfully raised Rs.1,855.00 crores through its Qualified Institutional Placement on December 4, 2025. During the quarter ended December 31, 2025, the company utilised Rs.295.00 crores from the total proceeds, representing approximately 15.90% of the funds raised.

Detailed Fund Utilisation Breakdown

The monitoring agency report provides comprehensive details of fund deployment across different objects. The utilisation pattern shows strategic allocation with significant focus on working capital requirements and issue expenses.

Monitoring Agency Assessment

Crisil Ratings Limited, in its comprehensive monitoring report dated February 2, 2026, confirmed that all fund utilisation was in accordance with the objects stated in the offer document. The monitoring agency verified that Rs.263.40 crores were utilised towards working capital requirements through adjustment in cash credit facility, while Rs.31.60 crores were deployed for issue expenses including BRLM fees, legal counsel charges, and advertisement expenses.

Deployment of Unutilised Proceeds

The company has deployed the unutilised proceeds of Rs.1,560.00 crores in various fixed deposits across multiple banks including Bandhan Bank, Axis Bank, IDBI Bank, and YES Bank. The investments are earning returns ranging from 6.60% to 7.00% per annum, with most fixed deposits having maturity dates in December 2026 and January 2027.

Regulatory Compliance and Documentation

The monitoring agency report was signed by Shounak Chakravarty, Director, Ratings (LCG) at Crisil Ratings Limited. The company's Managing Director, Vijay Sanghavi (DIN: 00495922), submitted the report to both NSE and BSE on February 2, 2026. The report confirms that all statutory requirements have been met and no adverse comments were received from the Audit Committee regarding fund utilisation.

Ratnaveer Precision Engineering Limited has delivered impressive financial performance in Q3FY26, with both revenue and net profit showing strong growth compared to the previous year. The company has demonstrated significant improvement in operational efficiency with enhanced EBITDA performance and margin expansion for the quarter ended December 31, 2025.

Strong Q3FY26 Financial Performance

The company has reported robust growth across key financial metrics for the third quarter of fiscal year 2026. The financial highlights demonstrate the company's operational efficiency and expanding market presence:

The revenue growth of 5.78% to ₹2,692.85M reflects the company's steady business expansion, while the significant 49.59% surge in net profit to ₹168.93M indicates improved operational efficiency. The EBITDA performance has been particularly strong, rising to ₹285.50M, representing a substantial 38.59% increase.

Nine Months Performance FY26

For the nine months ended December 31, 2025, the company has maintained strong momentum across all key metrics:

Segment-wise Performance

The company's domestic operations continue to dominate revenue generation, contributing ₹2,594.55M in Q3FY26 compared to ₹2,419.86M in the corresponding quarter of the previous year. Export revenue stood at ₹98.30M for the quarter, while the nine-month export revenue reached ₹456.04M compared to ₹384.94M in the previous year.

Board Meeting and Regulatory Compliance

The Board of Directors convened on January 31, 2026, and approved the company's unaudited financial results for the third quarter and nine months ended December 31, 2025. The meeting was conducted in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The results have been subject to a limited review by M/s. Pankaj Shah & Associates, Chartered Accountants, and the information has been made available on the company's website at www.ratnaveer.com .