48th Annual General Meeting of the Company will be held on Saturday, 27th September, 2025.
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Rapicut Carbides has scheduled its 48th Annual General Meeting for Saturday, 27th September 2025. Along with the AGM notice, the board approved unaudited Q1 FY26 results (quarter ended 30 June 2025) showing revenue from operations of Rs 1,037.71 lakhs, down from Rs 1,088.86 lakhs in Q1 FY25. The company swung to a net loss of Rs 141.06 lakhs versus a Rs 57.43 lakh loss in the same quarter last year, with EPS at Rs (2.63). Total expenses rose sharply to Rs 1,179.08 lakhs, driven by higher raw material costs. Statutory auditor K C Mehta & Co LLP issued a clean limited review report with no qualifications or emphasis of matter.
Widening quarterly losses and rising input costs are negative signals for shareholders, though the auditor's report is clean with no going-concern flag. The AGM in September will be the key forum for management to address profitability concerns and outline a turnaround path.