Outcome of Board Meeting held on 17.01.2026 inter alia, to approve un-audited financial results for the quarter and nine months ended 31.12.2025
Awaiting price reaction for this filing.
RCI Industries & Technologies Limited reported standalone revenue from operations of ₹46.87 lakhs for Q3 FY26 and ₹404.69 lakhs for 9M FY26, compared to ₹82.95 lakhs in 9M FY25, showing very strong growth of nearly 388%. Despite this, the company posted a net loss of ₹2.64 lakhs in Q3 and ₹142.92 lakhs for 9M FY26, though this is much narrower than the ₹439.15 lakhs loss in the same period last year. The company has undergone a major change: the NCLT approved JTL Industries Limited's resolution plan on October 9, 2025, and ₹46.50 crores was paid (including ₹10 crores as fresh equity), making RCI a subsidiary of JTL Industries Limited with new management. The equity share count dropped from 1.57 crore to 1.05 crore shares as old promoter and most public shares were extinguished. The auditor issued a qualified review report, flagging pending tasks such as completing the Fixed Assets Register, physical verification of assets, fair valuation of certain promoter-related equity investments, and debtor balance confirmations, all expected to be completed by March 31, 2026.
Shareholders should note that RCI is essentially a transformed entity under JTL Industries Limited's control, with old promoter equity fully extinguished and public holding reduced to 5%. While revenue has surged, the company is still loss-making, and several accounting clean-up items remain pending, which could trigger further adjustments in Q4 FY26 results.