Rama Petrochemicals Ltd (500358)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Rama Petrochemicals' net interest income was ₹-0.8 Cr, and net profit ₹-1.5 Cr (a smaller loss than a year earlier).
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Net interest income | ₹-0.8 | loss narrowed | loss narrowed |
| Operating profit | ₹-1.5 | — | — |
| Net profit | ₹-1.5 | loss narrowed | loss narrowed |
| EPS (₹) | -1.02 | loss narrowed | loss narrowed |
📢 Recent Corporate Announcements
Rama Petrochemicals has notified the exchange of the sad demise of its Secretarial Auditor, Mr. Ashok Patel (M/s. Ashok Patel & Associates), on August 16, 2026. Mr. Patel held Certificate of Practice No. 15326 and had served as the company's Secretarial Auditor for the past one year. The event creates a casual vacancy that the company will need to fill to maintain statutory compliance.
- Demise of Secretarial Auditor Mr. Ashok Patel occurred on August 16, 2026
- Firm M/s. Ashok Patel & Associates had served as Secretarial Auditor for the past 1 year
- Practicing Company Secretary held Certificate of Practice No. 15326
Rama Petrochemicals Ltd has received shareholder approval for the re-appointment of Mrs. Nilanjana H. Ramsinghani as a Non-Executive Director during its 40th Annual General Meeting held on August 6, 2026. Mrs. Ramsinghani, who has over 41 years of experience in international trade, is related to the Managing Director, Mr. Haresh Ramsinghani. The company continues to face severe financial distress with a negative net worth of ₹-65 Cr and TTM losses of ₹-7 Cr on a minimal revenue base of ₹1 Cr.
- Re-appointment of Mrs. Nilanjana H. Ramsinghani approved at the 40th AGM on August 6, 2026
- Director brings over 41 years of experience in business and international trade across the Middle East and USA
- Remote e-voting for the resolution concluded at 5:00 p.m. on August 5, 2026
- Company reports a deeply negative net worth of ₹-65 Cr against a market cap of only ₹17 Cr
Rama Petrochemicals reported a consolidated net loss of ₹1.54 Cr for the quarter ended June 30, 2026, slightly narrowing from a ₹1.74 Cr loss in the year-ago period. While total revenue grew significantly to ₹0.88 Cr from ₹0.17 Cr YoY, the company remains heavily burdened by finance costs of ₹1.53 Cr, which exceed its total income. A key concern is the auditor's qualified opinion regarding ₹1.85 Cr treated as 'Other Financial Assets,' which the auditors state should have been adjusted, thereby inflating current assets and retained earnings. Additionally, the company converted 20,99,750 warrants into equity shares during the quarter, leading to further equity dilution.
- Consolidated net loss of ₹1.54 Cr for Q1 FY27 vs ₹1.74 Cr loss in Q1 FY26
- Total revenue increased to ₹88.06 Lacs from ₹17.12 Lacs in the same quarter last year
- Finance costs of ₹1.53 Cr consumed 174% of the total revenue for the quarter
- Auditor qualification on ₹185 Lacs (₹1.85 Cr) payment treated as an asset instead of being adjusted
- Conversion of 20,99,750 warrants into equity shares during the quarter
Rama Petrochemicals reported a standalone net loss of Rs 1.53 crore for Q1 FY27, slightly narrowing from a loss of Rs 1.73 crore in Q1 FY26. Total revenue increased significantly to Rs 88.06 lacs from Rs 17.12 lacs YoY, though the company remains under severe financial stress with a negative net worth of Rs 65 crore. Finance costs of Rs 1.53 crore effectively wiped out all operating gains, matching the total net loss for the period. Auditors have issued a qualified opinion regarding the accounting of Rs 1.85 crore in collateral payments, which currently inflates the company's assets and retained earnings.
- Total Revenue increased to Rs 88.06 Lacs in Q1 FY27 compared to Rs 17.12 Lacs in the same quarter last year.
- Finance costs stood at Rs 153.10 Lacs, representing nearly 100% of the quarterly net loss.
- Auditors flagged a qualification of Rs 185.00 Lacs treated as 'Other Financial Assets' instead of being adjusted, inflating the balance sheet.
- 20,99,750 warrants were converted into equity shares during the quarter, following a preferential issue from February 2025.
- The company continues to report negative net worth, which stood at Rs -65 Cr as per the latest annual context.
Rama Petrochemicals has scheduled a board meeting for August 7, 2026, to consider and approve unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company is currently in a precarious financial position with a negative net worth of ‑Rs 65 Cr and a TTM net loss of ‑Rs 7 Cr. Revenue remains negligible, with the March 2026 quarter generating only ‑Rs 0.16 Cr. The trading window for insiders has been closed since July 1, 2026, and will remain so until 48 hours after the results are declared.
- Board meeting scheduled for August 7, 2026, to approve Q1 FY27 results.
- Trading window closed from July 1, 2026, until 48 hours after the meeting.
- Company reported a net loss of ‑Rs 1.95 Cr in the preceding quarter (March 2026).
- Net worth stands at a deficit of ‑Rs 65 Cr as per latest financial context.
- Promoter holding recently increased from 58.28% in Dec 2025 to 68.28% in Apr 2026.
Rama Petrochemicals has scheduled its 40th Annual General Meeting (AGM) for August 6, 2026. The company is seeking shareholder approval to increase its limit for loans, guarantees, and investments to ₹300 Crores under Section 186. Additionally, it seeks a ₹31 Crore limit for Related Party Transactions (RPT) with group entities for FY 2026-27. Notably, the filing reveals a negative debt-to-equity ratio of -1.00, which is projected to decline further to -1.09 after proposed transactions.
- Proposed limit for loans, guarantees, and investments set at ₹300 Crores.
- Approval sought for Related Party Transactions up to ₹31 Crores for FY 2026-27 with entities like Rama Phosphates.
- Unsecured borrowing cost disclosed at 9% per annum.
- Debt-to-equity ratio reported at -1.00, indicating negative net worth.
- 40th AGM to be held on August 6, 2026, via Video Conferencing.
Rama Petrochemicals has released its FY 2025-26 Annual Report, revealing a consolidated net loss of ₹7.30 crore. The company's financial position remains critical with a negative net worth of ₹65.40 crore and an increasing net debt of ₹64.37 crore. Shareholders are being asked to approve a significant increase in the limit for loans and investments to ₹300 crore at the upcoming AGM on August 6, 2026. Additionally, the company is seeking approval for related party transactions up to ₹31 crore for the next financial year.
- Consolidated net loss of ₹7.30 crore reported for the financial year ended March 31, 2026.
- Total equity (Net Worth) has eroded to negative ₹65.40 crore as of March 2026.
- Proposed special resolution to increase the limit for loans, guarantees, and investments to ₹300 crore.
- Authorization sought for related party transactions up to ₹31 crore with group companies like Rama Phosphates and Rama Industries.
- Net debt increased to ₹64.37 crore from ₹58.32 crore in the previous year.
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