Approval of unaudited Financial results for the quarter ended June 30, 2025
Awaiting price reaction for this filing.
The Board of Rathi Graphic Technologies approved its unaudited financial results for the quarter ended June 30, 2025. The company reported nil revenue from operations and a net loss of Rs. 29.28 lacs, translating to a loss per share of Rs. 2.15. Total expenses stood at Rs. 20.43 lacs, entirely comprising overhead costs like employee benefits, finance costs, depreciation, and other expenses. The auditor (H.G. & Co.) issued an unmodified limited review report. This is a company emerging from a long Corporate Insolvency Resolution Process (CIRP) initiated in February 2020, with the NCLT approving the resolution plan in July 2023 and new promoters (Surbhika Steels and Daga Infrastructure) taking control in early 2025. Manufacturing operations remain temporarily closed and are yet to be revived. Notably, 99% of the old share capital was cancelled on April 24, 2025, and 11.94 lakh fresh shares were issued to the new promoters.
For shareholders: Q1 shows zero revenue and a loss because the business is not yet operational under the new management — this is expected during the revival phase, not a reflection of steady-state performance. Investors should watch for signs of operational restart and revenue resumption in coming quarters. The massive share capital cancellation and reconstitution means pre-existing shareholders effectively lost their holdings.