Re appointment of Mr. Harshad Patel as Managing Director for a period of three years from 01.04.2026 to 31.03.2029 subject to approval of shareholders.
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Rishi Laser Ltd announced unaudited Q1 FY26 results (quarter ended June 30, 2025) alongside other board decisions. Revenue from operations rose to Rs. 4,103.21 lakhs from Rs. 3,700.57 lakhs in Q1 FY25, a growth of about 10.9%. Profit before tax jumped to Rs. 264.50 lakhs (up ~54% year-on-year), while profit after tax came in at Rs. 176.92 lakhs versus Rs. 162.61 lakhs, with EPS of Rs. 1.92 against Rs. 1.77. Full-year FY25 revenue stood at Rs. 15,071.68 lakhs with PAT of Rs. 825.28 lakhs and EPS of Rs. 8.98. The board also approved the 33rd AGM to be held on September 12, 2025 via video conferencing. Additionally, the board approved the re-appointment of promoter Mr. Harshad Patel as Managing Director for another three-year term from April 1, 2026 to March 31, 2029, subject to shareholder approval. Mr. Patel, 68, has been with the company since its incorporation and has served as MD since 2008.
The re-appointment ensures leadership continuity at the promoter level, providing stability for shareholders. The Q1 results show healthy top-line growth and a sharp jump in operating profit, though PAT growth was more modest due to higher tax outflow this quarter. Investors should watch the September AGM for the formal shareholder vote on the MD re-appointment.