Disclosure under REgulation 30(6) read along with Para 13 of Schedule III - Proceedings of 31st AGM held on 29.09.2025
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Awaiting price reaction for this filing.
Rasi Electrodes held its 31st AGM on 29 September 2025 via video conferencing, attended by all six directors, the CS, CFO, and all auditors. Two ordinary resolutions were tabled: adoption of FY25 financial statements and re-appointment of Mr. Ranjit Kumar Kothari as director liable for retirement by rotation. E-voting results are still pending and will be filed separately. In his address, the chairman reported FY25 turnover of Rs 8,144.18 lakhs, down 2.84% year-on-year, while net profit fell 14.55% to Rs 273.76 lakhs due to a decline in steel rod prices, which make up 95% of production costs. CCMS Wire production rose to 4,685 MTs from 4,277 MTs against a capacity of 5,400 MTPA. Total borrowings stood at just Rs 104 lakhs and ICRA reaffirmed a BB+/Stable credit rating.
The AGM confirms routine governance with no contentious resolutions, but shareholders should note the decline in both revenue and profit alongside weak end-results pending. The reduced debt and stable credit rating offer some comfort, though steel price volatility remains the key business risk.