Rajnandini Metal Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.

Qualified audit opinionRevenue declinedNet loss reportedContingent liabilities increasedEmphasis of matterResults View source PDF Explain this filing

RAJMET · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-3.8%Reaction day

₹4.73

prior close

₹4.65

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.0%-3.8% vs market

Aluminium Copper & Zinc Products peers, median of 7sector-0.5%-3.3% vs sector

On the reaction day the stock moved 3.8 pts less than Nifty Microcap 250 and 3.3 pts less than its Aluminium Copper & Zinc Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+1.9

10m

+1.5

15m

+1.1

30m

+1.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.8+0.0-3.8-0.5-3.3

Next day

-5.1+0.7-5.8-0.7-4.4

-5.3-0.1-5.1-1.5-3.8

-2.3+1.4-3.7-0.7-1.7

-3.2+2.6-5.8+1.1-4.3

-2.5+2.5-5.1+1.8-4.3

-4.4+2.2-6.7+1.0-5.4

15d

-4.4+1.9-6.4-1.1-3.3

-4.7+2.8-7.4+2.7-7.4

-6.8+1.2-8.0+6.1-12.9

-5.1+2.2-7.2+2.7-7.8

UpDownMarket · Nifty Microcap 250Sector · Aluminium Copper & Zinc Products peers, median of 7Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Rajnandini Metal Limited announced its unaudited financial results for the quarter ended June 30, 2025. Revenue from operations fell sharply to Rs 7,388 lakhs from Rs 31,461 lakhs in the same quarter last year, a drop of about 76%. The company reported a net loss of Rs 199 lakhs versus a loss of Rs 124 lakhs in Q1 FY25, and profit before tax was negative at Rs (246) lakhs. The statutory auditor, KAPG & Associates, issued a qualified opinion (appearing for the second time) because of a massive GST demand of Rs 290.70 crores (including interest and penalty) and an Income Tax demand of Rs 16.98 crores raised following searches of the company's premises. Management has rejected the demands, filed a rectification (now refused), and plans to appeal; no provision has been made in the books. The auditor stated it is unable to comment on the outcome or its potential impact on the financial results.

Likely market impact

The Rs 307+ crore combined tax demand is several times the company's net worth of about Rs 54.6 crores, creating a serious overhang even though no provision has been made. Investors should treat this as a high-risk stock; a negative outcome in the appeal could materially threaten the company's solvency, while the sharp revenue decline and continued losses also signal weakening business performance.