The Board of Directors at its meeting held on 30.05.2026 approved the Audited Financial Results along with the Independent Auditors Report for the quarter ended 31.03.2026 and appointed ....
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Raasi Refractories Limited's Board, at its meeting on 30 May 2026, approved the audited financial results for Q4 and full year ended 31 March 2026 along with an unmodified auditor's opinion from Narasimha Rao & Associates. Full-year revenue rose sharply to Rs 5,523 lakhs from Rs 3,572 lakhs in FY25 (about 55% growth), but net profit was marginal at Rs 10.70 lakhs versus Rs 8.91 lakhs earlier, and Q4 FY26 slipped into a loss of Rs 208 lakhs against a Rs 227 lakh profit in Q4 FY25. The company's balance sheet remains weak, with negative total equity of Rs (1,312) lakhs and rising borrowings. The Board also appointed Ms. Kavitha Doddi, spouse of Managing Director Venkanna Konda, as an Additional Woman Director.
Strong top-line growth in FY26 was largely eaten away by costs, leaving only a thin profit and a Q4 loss, while the negative net worth signals ongoing financial stress that shareholders should monitor. The appointment of the MD's spouse to the board strengthens promoter family control, which may raise corporate governance concerns among investors.