Approval of the unaudited Financial Results for the quarter ended June 30,2025
Awaiting price reaction for this filing.
Rathi Graphic Technologies reported zero revenue from operations for Q1 FY26, with the company posting a loss of about Rs. 29.28 lakhs before tax compared to a profit of Rs. 1,157.84 lakhs for the full year FY25. The FY25 profit was boosted by one-time exceptional items including reversal of doubtful debt provisions (Rs. 80.19 lakhs) and reversal of investment diminution (Rs. 12.46 lakhs). The company was under Corporate Insolvency Resolution Process (CIRP) from February 2020, and its operations remain temporarily closed and are yet to be revived under the new promoters (Surbhika Steels and Daga Infrastructure), who took control in February 2025. About 99% of the old equity share capital was cancelled and extinguished on April 24, 2025, and 11,94,790 new shares were allotted to the new promoters.
This is a turnaround/restructuring story still in its very early stage — operations are not yet restarted, so the company is burning cash with no operating revenue. Shareholders should view this as a high-risk situation where future value depends entirely on whether the new management can revive the toner manufacturing business; the share capital restructuring may also affect liquidity and pricing of the stock.