Latest news about Rathi Steel & Power
Rathi Steel & Power
18.38
+0.46(+2.57%)
Company Performance:
View Company Insights1D+2.57%
1M-21.25%
6M-34.12%
1Y-40.32%
5Y+456.97%
More news about Rathi Steel & Power
01Apr 26
Rathi Steel and Power Limited Receives ₹3.06 Crore GST Demand Notice from Ghaziabad Tax Authorities
Rathi Steel and Power Limited received a GST demand order of ₹3.06 crore from Ghaziabad tax authorities on March 30, 2026, for alleged input tax credit violations and non-payment of RCM. The order includes an equal penalty amount and applicable interest under Section 74 of CGST/SGST Act, 2017. The company strongly disputes the allegations, considers the demand non-maintainable, and plans to contest it through legal remedies. Management expects no material impact on company operations.
07Mar 26
Rathi Steel and Power Limited Receives Court Relief as Special Judge Declines ED Complaint in Coal Block Case
Rathi Steel and Power Limited has received favorable legal relief as the Special Judge (PC Act) (CBI) (Coal Block Cases)-01, New Delhi declined to take cognizance of an ED complaint on March 06, 2026. The complaint alleged money laundering offences against the company and key officials including promoters Mr. Udit Rathi and Mr. Pradeep Rathi, along with Mr. Kushal Kumar Agarwal, in connection with coal block allocation matters. The company has confirmed that this positive court decision will have no adverse impact on its financial operations or daily business activities.
28Feb 26
Rathi Steel & Power Limited Receives BSE Fine Waiver for Regulatory Non-Compliance
Rathi Steel & Power Limited has received approval from BSE Limited for the waiver of a fine that was levied due to non-compliance with Regulation 19(1)/19(2) regarding Nomination and Remuneration Committee constitution for Q4 FY25. The exchange communicated the favorable decision via email on February 26, 2026, following the company's original disclosure in May 2025. The company acknowledged a delay in reporting this communication within the required 24-hour timeframe.
27Feb 26
Rathi Steel & Power Secures High Court Stay on INR 5.73 Crore GST Recovery Proceedings
Rathi Steel & Power Limited has obtained a stay order from the Allahabad High Court on GST recovery proceedings involving INR 5,73,33,332. The proceedings were initiated under Section 74 of the GST Act, 2017, for alleged violations related to E-Way Bills and Input Tax Credit issues. The company has disclosed that this legal development will have no material impact on its financial operations or business activities.
23Feb 26
Rathi Steel Q3FY26 Results: 51% Revenue Growth with Management Insights
Rathi Steel and Power Limited reported exceptional Q3FY26 performance with total income rising 50.97% to ₹160.09 crore and PAT surging 262.33% to ₹1.91 crore. Management highlighted strong operational execution, green steel initiatives, and plans to increase capacity utilization from current 60-65% to 80-85%, targeting 20% CAGR growth with focus on Fe 550D TMT bars for NCR real estate market.
12Feb 26
Rathi Steel Schedules Board Meeting Feb 13 and Earnings Call Feb 18 for Q3FY26 Results
Rathi Steel and Power Limited has announced a comprehensive timeline for Q3FY26 financial results disclosure, starting with a board meeting on February 13, 2025, to consider unaudited standalone results for the quarter and nine months ended December 31, 2025. This will be followed by an earnings call on February 18, 2026, at 4:00 PM IST, organized by Kirin Advisors, featuring key management personnel including promoter Mr. Udit Rathi, President Mr. Rajesh Jain, and AVP Mr. Kushal Agarwal.
07Jan 26
Rathi Steel Wins GST Appeal as ₹2.58 Crore Demand Dropped by Appellate Authority
Rathi Steel & Power Limited successfully contested a GST demand of ₹2.58 crores through appellate proceedings. The Commissioner (Appeals) GST, CX & Customs, Bhubaneswar allowed the company's appeal and dropped the entire demand along with 10% penalty and applicable interest that was originally raised by Additional Commissioner, Rourkela under CGST/OGST Act provisions.
24Nov 25
Rathi Steel and Power Reports Q2 FY26 Results with Revenue Growth
Rathi Steel & Power Limited (RSPL) has released its Q2 FY26 financial results, showing resilience in a challenging market. The company reported revenue of ₹156.40 crores and an EBITDA of ₹6.26 crores, maintaining a 4% EBITDA margin. RSPL's integrated facility in Ghaziabad, with 85,000 TPA steel melting and 200,000 TPA rolling capacity, focuses on stainless steel products and TMT bars. The company is increasing its TMT production capacity utilization from 25% to 40-50%. RSPL benefits from technological advantages, cost leadership, and strategic location near key markets.
15Nov 25
Rathi Steel & Power Reports 28.39% Revenue Growth in Q2FY26
Rathi Steel & Power Limited announced Q2FY26 results with total income of ₹156.43 crore, up 28.39% YoY. EBITDA increased by 14.77% to ₹6.37 crore. However, net profit declined to ₹1.63 crore from ₹6.94 crore in Q2FY25. The company's growth was driven by steady demand from infrastructure construction and B2B customers in the stainless steel segment. An earnings call is scheduled for November 19, 2025, to discuss the results with investors and analysts.
13Nov 25
Rathi Steel and Power Secures Approval to Resume Steel Melting Shop Operations
Rathi Steel & Power Limited (RSPL) has received permission to resume commercial operations at its Steel Melting Shop in Ghaziabad, Uttar Pradesh. The approval, granted by the Commission of Air Quality Management, comes with specific conditions that must be met within a given timeframe. The facility, located at C-4, South of G.T. Road, Industrial Area, Ghaziabad, is established for the production of M.S. and S.S. Billets. RSPL disclosed this development in compliance with SEBI regulations.
03Nov 25
Rathi Steel and Power Appoints Pawan Kumar as New CFO
Rathi Steel & Power Limited (RSPL) has appointed Pawan Kumar as the new Chief Financial Officer (CFO) and Key Managerial Personnel, effective November 3, 2025. Kumar, a commerce graduate with over 10 years of experience in accounts, costing, and taxation, has been associated with RSPL since 2017. The appointment, recommended by the Audit Committee and Nomination and Remuneration Committee, follows the resignation of previous CFO Rajeev Kumar. The decision was made during a board meeting on November 3, 2025, and has been disclosed to BSE Limited in compliance with SEBI regulations.
14Aug 25
Rathi Steel & Power Reports 22% Revenue Growth in Q1, Resumes TMT Bar Production
Rathi Steel & Power's Q1 FY24 results show significant growth. Total revenue increased 22% to Rs 155.40 crore. PAT rose 42.3% to Rs 2.69 crore. EBITDA remained stable at Rs 6.23 crore. The company restarted TMT bar production, improving rolling mill utilization from 25% to 39%. Rolled products production increased by 58.2% to 19,617 MT. The company aims to rebuild brand equity in B2B and B2C segments and enter the premium TMT bar market.
04Aug 25
Rathi Steel and Power CFO Rajeev Kumar Resigns, Effective August 4, 2025
Rathi Steel & Power Limited (RSPL) announced the resignation of its Chief Financial Officer, Rajeev Kumar, effective August 4, 2025. Kumar is leaving to pursue a new career opportunity. The company disclosed this information in compliance with SEBI regulations, providing details such as Kumar's PAN and the resignation letter. RSPL has not yet announced a successor for the CFO position.
06Apr 25
Rathi Steel & Power Resumes TMT Bar Production at Ghaziabad Factory
Rathi Steel & Power Limited (RSPL) has restarted commercial operations at its TMT Rolling Mill Division in Ghaziabad on April 5, 2025. The company informed BSE Limited about the recommencement through a regulatory filing under SEBI regulations. This development follows a recent increase in promoter stake by PCR Holdings, potentially signaling strategic moves within the company.
24Mar 25
Rathi Steel & Power Shares Surge 13.82% Following Preferential Share Conversion
Rathi Steel & Power Limited (RSPL) stock price increased by 13.82% to ₹34.93 following the conversion of 15,05,265 preferential shares into 13,00,001 equity shares at ₹55 per share. The conversion, approved by the Board of Directors, was executed for PCR Holdings Private Limited, part of the Promoter & Promoter Group. This action resulted in an increase of RSPL's paid-up equity share capital to ₹86.36 crore, comprising 8,63,63,004 shares with a face value of ₹10 each.
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