48th Annual Report of the Company for the Financial Year ended 31st March, 2025.
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Rapicut Carbides has filed its 48th Annual Report for FY25, revealing a sharp decline in performance. Revenue from operations fell to Rs. 4,198.64 lakhs from Rs. 6,015.81 lakhs in FY24 (which included a one-time government order). The company swung from a profit after tax of Rs. 49.04 lakhs to a loss of Rs. 232.58 lakhs, blaming raw material price volatility, rare earth metal supply restrictions, higher production costs, and subdued demand. No dividend has been recommended. The 48th AGM is scheduled for September 27, 2025 via video conferencing, where shareholders will also vote on a revision of statutory auditor M/s KC Mehta & Co.'s remuneration (up to Rs. 3 lakh per annum for yearly audit, up from Rs. 1.5 lakh).
Shareholders will see a weak set of FY25 numbers with a swing to losses and no dividend, though management attributes this partly to one-off FY24 comparison and external cost pressures. Director re-appointment (Abhishek V Gami) and auditor remuneration revision are routine agenda items with limited price impact.