Compliance with Reg. 34 of SEBI (LODR) Regulations, 2015 - ANNUAL REPORT 2024-2025 FOR THE YEAR ENDED 31.3.2025.
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Rasi Electrodes Ltd has submitted its 31st Annual Report for FY2024-25 (year ended 31 March 2025) along with the AGM notice to BSE. The 31st Annual General Meeting is scheduled for 29 September 2025 via video conferencing. For FY25, net sales declined 2.84% to Rs. 8,144.18 lakhs (from Rs. 8,382.74 lakhs), and profit after tax fell 14.55% to Rs. 273.76 lakhs (from Rs. 320.40 lakhs). The Board has not recommended any dividend, citing the need for enhanced working capital. The company manufactures arc welding electrodes, CCMS wire and drawn wire, with production volumes rising for CCMS wire (4,684.748 MTs vs 4,277.059 MTs). ICRA has reaffirmed a credit rating of [ICRA]BB+ (Stable) on fund-based and non-fund based limits, and [ICRA]A4+ on letter of credit facilities.
For shareholders: no dividend declared despite profit, with management citing working capital needs. Topline and bottomline both shrank year-on-year due to lower steel raw material prices, though the company maintained its net margins. The 31st AGM on 29 September 2025 will include the re-appointment of Mr Ranjit Kumar Kothari as a Director retiring by rotation. Shareholders should note the AGM is only via electronic mode and remote e-voting is open from 25-28 September 2025.