Rolex Rings Limited has informed the Exchange regarding Board meeting held on August 11, 2025.
ROLEXRINGS · price
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On the reaction day the stock moved 2.8 pts less than Nifty Microcap 250 and 2.8 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.
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Rolex Rings reported Q1 FY26 (quarter ended June 30, 2025) standalone unaudited results with revenue from operations of ₹2,915.83 million, down about 6.2% from ₹3,107.81 million in the same quarter last year. Total income was ₹3,071.89 million versus ₹3,160.31 million YoY, while profit after tax came in at ₹491.56 million compared to ₹499.09 million, a marginal decline of about 1.5%. EPS stood at ₹18.05 (₹18.33 YoY). The statutory auditor, S R B C & Co LLP, issued a qualified review report, flagging an unresolved demand notice of ₹2,278.60 million from a consortium of banks related to a 2013 CDR settlement, against which the company has provisioned only ₹506 million. The auditor noted that the FY25 audit opinion was also qualified on the same matter, and they are unable to comment on any further adjustments that may be required.
The qualified auditor opinion and the large unresolved bank demand (₹2,278.60 million potential liability) are material overhangs on the stock, as final resolution could lead to additional provisions hitting earnings. Combined with a YoY revenue decline, this may pressure the stock in the near term until the bank matter is settled.