Un-audited Financial Results for the quarter and nine months ended 31.12.2025
Awaiting price reaction for this filing.
RCI Industries reported Q3 FY26 revenue from operations of ₹46.87 lakhs, almost flat compared to ₹46.95 lakhs in Q3 last year. The net loss narrowed sharply to ₹2.64 lakhs from ₹142.65 lakhs in the same quarter last year; for the nine-month period, losses shrank to ₹142.92 lakhs from ₹439.15 lakhs. The most important event in this filing is the NCLT approving the resolution plan submitted by JTL Industries on October 9, 2025, after which the company emerged from the Corporate Insolvency Resolution Process (CIRP). JTL paid ₹46.50 crore as per the plan, including ₹10 crore infused as fresh equity, making RCI a subsidiary of JTL Industries with new management from that date. The equity share capital was reduced from ₹1,567.64 lakhs to ₹1,052.63 lakhs due to extinguishment of previous promoter shares and part of public holdings. The auditor flagged several pending tasks to be completed in Q4, including preparation of the fixed asset register, physical verification of assets, fair valuation of certain equity investments, and debtor balance confirmations.
This is a turnaround story — the company has exited insolvency under new JTL-backed management with old liabilities wiped out, but operations are still loss-making and share capital has been cut significantly, meaning substantial value destruction for pre-resolution shareholders. Investors should watch the Q4 audit to see the impact of pending asset verifications and investment valuations.