Rajapalayam Mills Ltd

Meeting Details

• Date of meeting: 3 November 2026.
• Time and venue not disclosed.

Key Agenda Items

• Unaudited standalone and consolidated financial results for quarter and half year ended 30 September 2026.

Other Notes

• Trading window closes 1 October 2026 to 5 November 2026 for directors and designated persons.

Rajapalayam Mills Limited trading window closed from 1 October 2026 till 48 hours after declaration of Unaudited Standalone and Consolidated Financial Results for the quarter / six months ending 30 September 2026.

agm details

• AGM held 28 August 2026 via Video Conferencing; record date 21 August 2026; 7,625 shareholders on record.
• Nine resolutions were put to vote; all passed with requisite majority.

resolutions and outcomes

• Resolution 1 (Ordinary): Adoption of standalone and consolidated financial statements for year ended 31 March 2026.
• Resolution 2 (Ordinary): Declaration of dividend of Rs 0.50 per share for 2025-26.
• Resolution 3 (Ordinary): Re-appointment of Shri A.V. Dharma Krishnan as Director by rotation.
• Resolution 4 (Ordinary): Re-appointment of Shri S.S. Ramachandra Raja as Non-Executive Director.
• Resolution 5 (Ordinary): Ratification of remuneration payable to Cost Auditor for 2026-27.
• Resolution 6 (Ordinary): Approval of Material Related Party Transaction with Ramco Industries Limited.
• Resolution 7 (Ordinary): Approval of Material Related Party Transaction with The Ramaraju Surgical Cotton Mills Limited.
• Resolution 8 (Ordinary): Approval of Material Related Party Transaction with Sri Vishnu Shankar Mill Limited.
• Resolution 9 (Ordinary): Approval of Material Related Party Transaction with The Ramaraju Surgical Cotton Mills Limited.

dividend

• Dividend declared/approved: Rs 0.50 per share for the year 2025-26.

directors and appointments

• Re-appointment of Shri A.V. Dharma Krishnan as Director by rotation.
• Re-appointment of Shri S.S. Ramachandra Raja as Non-Executive Director.

auditors

• Remuneration payable to Cost Auditor for 2026-27 ratified.

material related party transactions

• Approval of related party transaction with Ramco Industries Limited.
• Approval of related party transaction with The Ramaraju Surgical Cotton Mills Limited.
• Approval of related party transaction with Sri Vishnu Shankar Mill Limited.

other material approvals

• All nine resolutions were approved by the required majority.

AGM Details

• Date, time, mode: 28 August 2026, 11:00–11:50 AM, Video Conferencing.
• Record date for dividend: 21 August 2026.
• Attendees: 71 members attended via VC.

Key Resolutions

• Adoption of separate and consolidated audited financial statements and reports.
• Dividend of Re.0.50 per share declared for year ended March 31, 2026.
• Re-appointment of A.V. Dharmakrishnan as Director, retires by rotation.
• Re-appointment of S.S. Ramachandra Raja as Director and continue as Non-Executive Director.
• Cost Auditor remuneration for FY 2026-27 ratified.
• Approval of material related party transaction with Ramco Industries Limited up to Rs.150 Crores.
• Approval of material related party transaction with Sandhya Spinning Mill Limited up to Rs.150 Crores.
• Approval of material related party transaction with Sri Vishnu Shankar Mill Limited up to Rs.150 Crores.
• Approval of material related party transaction with The Ramaraju Surgical Cotton Mills Limited up to Rs.150 Crores.

Board approval of quarterly results

• Board approved standalone and consolidated unaudited results for quarter ended 30 June 2026.
• Auditors’ limited review reports approved and attached as Annexure A.
• Consolidated results to be published in newspapers as Annexure B.

Standalone results highlights

• Standalone Q1: Total income 26,634.76 L, net profit after tax 111.59 L, EPS 1.21.

Consolidated results highlights

• Consolidated Q1: Total income 26,634.76 L, net profit after tax 1,755.27 L, EPS 19.07.

Regulatory/notes

• Labour Codes impact not material; recognised under Employee Benefits Expenses in FY2026.

Auditor remarks

• Independent auditor's review expressed an unmodified opinion for both standalone and consolidated results.

Financial snapshot

• Standalone revenue ₹96,688.76 Lakhs; prior year ₹92,405.99 Lakhs.
• Standalone PBIDT ₹14,636.77 Lakhs; prior year ₹9,881.61 Lakhs.
• Standalone PAT loss ₹1,512.38 Lakhs.
• Consolidated revenue ₹100,950.80 Lakhs; Consolidated PAT ₹11,436.13 Lakhs.
• Consolidated operating profit ₹5,931.26 Lakhs; higher than prior year.

Dividends & AGM

• Dividend proposed: 0.50 per share for FY2025-26.
• Record date: 21 Aug 2026; AGM via video conference on 28 Aug 2026.

Capital structure & liquidity

• Total borrowings: ₹1,14,147.14 Lakhs; long-term ₹48,391.06; short-term ₹65,756.08.
• Cash & cash equivalents: ₹748.90 Lakhs; net debt ₹1,13,881.80 Lakhs.
• Gearing ratio: 73.21%.

Governance & board changes

• Independent Director Smt. Chitra Venkataraman appointed w.e.f. 11 Aug 2025.
• Shri S.S. Ramachandra Raja continuing as Non-Executive Director; till retirement by rotation.
• Board size was 10 directors as of 31-03-2026; 4 Independent Directors; 3 female directors existed.

Related party transactions

• Material related party transactions with Ramco Industries Limited, Sandhya Spinning Mill Limited, Sri Vishnu Shankar Mill Limited, The Ramaraju Surgical Cotton Mills Limited.
• Aggregate value up to ₹150 Crores for FY2026-27; approvals by Audit Committee; omnibus approvals in place; no RPT votes by related parties.

Audit, governance & controls

• Statutory auditors: M/s N.A. Jayaraman & Co. and M/s SRSV & Associates; Secretarial Auditor: M.R.L. Narasimha; Cost Auditor: N. Sivashankaran & Co.
• Auditors’ report: no material qualifications; internal financial controls adequate and operating effectively.

Key operational highlights

• Yarn production: 142.20 Lakh kg; yarn sales: 134.71 Lakh kg; yarn revenue ₹587.67 Cr.
• Fabric division: 328 looms; 162 Lakh meters produced; 152 Lakh meters sold; revenue ₹340.68 Cr; export fabric ₹149.67 Cr.
• Cotton exports: ₹210.02 Cr; exports facing margin pressure in 2025-26.
• Wind energy: 56% of power from wind farms; wind power cost ₹54.28 Cr.

CSR, ESG & risk

• CSR expenditure ₹3.08 Lakhs; no current CSR obligation due to losses.
• CSR activities include hunger alleviation, healthcare, and education; related party CSR grants ₹0.99 Lakhs.
• ESG & risk controls: risk management policy, Board oversight, and disclosure on related party policy on company website.

Meeting Details

• Board meeting scheduled for 13 August 2026; time and venue not disclosed.

Key Agenda Items

• To consider unaudited standalone and consolidated financial results for quarter ended 30 June 2026.

Other Notes

• Trading window closed for directors and designated persons until 15 August 2026.