Rhetan TMT Limited has informed the Exchange regarding Board meeting held on February 12, 2026.
RHETAN · price
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Rhetan TMT's board met on February 12, 2026, and approved unaudited financial results for Q3 FY26 (quarter ended December 31, 2025) along with a Limited Review Report from statutory auditor G M C A & Co., which was clean with no observations. Key financials: Revenue from operations for Q3 FY26 stood at Rs 615.48 lakh (vs Rs 638.03 lakh in Q3 FY25), a marginal decline. For nine months FY26, revenue fell sharply to Rs 1,594.81 lakh from Rs 3,067.44 lakh in the same period last year — a drop of nearly 48%. However, profit after tax jumped to Rs 444.78 lakh in Q3 (vs Rs 139.05 lakh) and Rs 807.93 lakh for 9M (vs Rs 446.55 lakh). This profit surge is largely driven by 'Other Income' of Rs 317.24 lakh in Q3 and Rs 630.04 lakh in 9M FY26, compared to negligible other income in the prior year. The board also approved adding commodity trading (including metals, bullion, derivatives) as a new object in the MOA, subject to shareholder approval via postal ballot. E-voting runs from February 17 to March 18, 2026.
Core TMT bar revenue is sharply lower year-on-year, which is a concern for shareholders, but reported profits look strong on paper mainly due to a one-time-looking spike in other income rather than operational improvement. The proposed move into commodity trading broadens the business but introduces new risks; the postal ballot outcome will be key.