Outcome of Board Meeting held on 20-05-2026, under Regulation 30 and 33 of SEBl (Listing Obligation and Disclosure Requirement) Regulations, 2015.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.9 pts less than Nifty Microcap 250 and 0.7 pts less than its Auto Components & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Rasandik Engineering Industries reported its audited financial results for FY2026 ending March 31. Revenue from operations increased 8.8% to Rs 6,767.78 lakhs from Rs 6,217.64 lakhs. However, the company continues to incur losses with net loss widening to Rs 669.14 lakhs compared to Rs 558.48 lakhs in FY2025. The company has significant net current liabilities of Rs 1,567.95 lakhs. The auditors issued an unmodified opinion but included an Emphasis of Matter highlighting going concern risks, contingent liabilities of Rs 746.63 lakhs related to EPCG customs duty, and stranded assets at Singur project. The board declared AGM for July 31, 2026 and recommended re-appointment of Mrs. Deepika Kapoor as director.
The company remains financially stressed with widening losses and negative working capital. However, the revenue growth and auditor's unmodified opinion provide some stability. The going concern note and contingent liabilities are concerns for shareholders, though promoter support mitigates immediate risk.