Ramgopal Polytex Ltd (514223)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Ramgopal Polytex's revenue was ₹0.4 Cr (+54.0% year on year, +68.0% on the previous quarter), and net profit ₹0.0 Cr (against a loss a year earlier); the operating margin was -54.2%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹0.4 | +54.0% | +68.0% |
| Operating profit | ₹-0.2 | loss narrowed | loss narrowed |
| Net profit | ₹0.0 | from loss | from loss |
| EPS (₹) | 0.00 | from loss | from loss |
| Operating margin | -54.2% | — | — |
📢 Recent Corporate Announcements
Ramgopal Polytex Limited informed stock exchanges that its statutory auditor, M/s Rungta Agarwal and Associates, has changed its legal constitution from a partnership firm to a sole proprietorship firm effective September 9, 2026. This change follows the resignation of partner CA Pawan Kumar Rungta, leaving CA Shivratan Krishnakumar Agarwal to continue the practice as the sole proprietor. The company confirmed that there is no change in its statutory audit engagement, and the firm retains its Firm Registration Number (117761W). This administrative update will be placed before the Audit Committee and Board of Directors.
- Auditor legal constitution changed from partnership to proprietorship effective September 9, 2026
- Firm Registration Number remains unchanged at 117761W
- Auditor originally appointed at the 41st AGM for a 5-year tenure until the 46th AGM
- Change caused by partner CA Pawan Kumar Rungta resigning, leaving CA Shivratan Krishnakumar Agarwal as sole proprietor
Pravin Kumar Shishodiya and Punit Shishodiya have issued an offer opening announcement and corrigendum for an open offer to acquire up to 37,70,000 equity shares of Ramgopal Polytex Limited. The offer price is set at ₹17.10 per share in cash, which is a substantial discount to the recent market price of ₹27.80. The revised tendering period opens on September 25, 2026, and closes on October 09, 2026. Total completion of requirements, including consideration payment, is scheduled by October 26, 2026.
- Open offer for up to 37,70,000 equity shares in Ramgopal Polytex Limited
- Offer price fixed at ₹17.10 per fully paid-up share in cash
- Tendering window runs from September 25, 2026 to October 09, 2026
- Target company voting capital comprises 1,42,67,500 fully paid-up shares, with 2,32,500 partly paid-up shares carrying no voting rights
- Consideration payment to be completed by October 26, 2026
Ramgopal Polytex reported a marginal net profit of ₹0.36 Lakhs for the quarter ended June 30, 2026, a significant turnaround from a loss of ₹68.02 Lakhs in the same period last year. Revenue from operations grew 57.3% YoY to ₹36.96 Lakhs. The turnaround was primarily driven by a sharp reduction in 'Provision for Goods & Service Tax Credits,' which fell to ₹1.05 Lakhs from ₹70.00 Lakhs YoY. Total Comprehensive Income stood at ₹15.08 Lakhs, aided by tax-related adjustments of ₹15.07 Lakhs.
- Revenue from operations increased to ₹36.96 Lakhs from ₹23.50 Lakhs in the year-ago quarter.
- Net profit turned positive at ₹0.36 Lakhs compared to a loss of ₹68.02 Lakhs in June 2025.
- Provision for GST credits significantly decreased by 98.5% to ₹1.05 Lakhs from ₹70.00 Lakhs YoY.
- Total Comprehensive Income reached ₹15.08 Lakhs, largely due to a ₹15.07 Lakhs tax adjustment relating to earlier items.
- Earnings Per Share (EPS) improved to ₹0.002 from a negative ₹0.469 YoY.
Ramgopal Polytex reported a marginal net profit of ₹0.36 Lakhs for the quarter ended June 30, 2026, compared to a loss of ₹68.02 Lakhs in the same period last year. Revenue from operations grew 57.3% year-on-year to ₹36.96 Lakhs. While the operational profit is negligible, the Total Comprehensive Income was boosted to ₹15.08 Lakhs, primarily due to a tax adjustment of ₹15.07 Lakhs. The company continues to operate at a very small scale relative to its ₹53 Cr market capitalization.
- Revenue from operations increased to ₹36.96 Lakhs from ₹23.50 Lakhs in the year-ago quarter.
- Net profit turned positive at ₹0.36 Lakhs versus a loss of ₹68.02 Lakhs in Q1 FY26.
- Total Comprehensive Income reached ₹15.08 Lakhs, largely driven by a ₹15.07 Lakhs tax adjustment relating to items not reclassified to P&L.
- Employee benefit expenses remained high relative to scale at ₹14.61 Lakhs, consuming nearly 40% of operational revenue.
- Other income contributed ₹20.52 Lakhs, nearly 36% of the total revenue of ₹57.48 Lakhs.
Mr. Pravin Kumar Shishodiya and Mr. Punit Shishodiya have filed a Draft Letter of Offer to acquire up to 37,70,000 equity shares, representing 26% of Ramgopal Polytex Ltd. The offer price is set at ₹17.10 per share, which is a significant discount to the current market price of ₹29.0. The offer is triggered by a Share Purchase Agreement dated July 28, 2026, indicating a change in control. The tendering period is scheduled to run from September 16 to September 29, 2026.
- Open offer price of ₹17.10 per equity share to be paid in cash
- Acquisition target of 37,70,000 shares representing 26.00% of total capital
- Offer period scheduled to open on September 16 and close on September 29, 2026
- Triggered by substantial acquisition of shares and control under SEBI SAST Regulations
- Identified date for shareholder eligibility is September 01, 2026
Ramgopal Polytex Ltd has scheduled a board meeting on August 13, 2026, to approve unaudited financial results for the quarter ended June 30, 2026. The company operates on a very small scale with TTM revenue of just Rs 1 Cr and a TTM net loss of Rs 1 Cr. Operating margins are deeply negative at -156.4%, indicating significant fundamental challenges. Despite these financials, the stock has surged 456.1% over the past year, making the upcoming results critical for valuation support.
- Board meeting scheduled for August 13, 2026
- Results to be considered for the quarter ended June 30, 2026
- TTM revenue stands at a low of Rs 1 Cr
- TTM Operating Profit Margin is highly negative at -156.4%
- TTM Net Profit is negative at Rs -1 Cr
Mr. Pravin Kumar Shishodiya and Mr. Punit Shishodiya have launched an open offer to acquire up to 37,70,000 shares (26% stake) of Ramgopal Polytex at ₹17.10 per share. This follows a Share Purchase Agreement (SPA) to acquire the entire existing promoter stake of 45.46% from the Jatia family at a lower price of ₹9.00 per share. The company is currently a micro-cap (₹38 Cr market cap) facing severe financial stress, with TTM revenue of just ₹1 Cr and an operating margin of -156.4%. The new acquirers, with backgrounds in finance and international management, will take full control of the entity upon completion.
- Open offer price of ₹17.10 per share for 26% of the equity share capital
- SPA price of ₹9.00 per share for the acquisition of 65,91,796 shares (45.46% stake)
- Target company revenue declined significantly from ₹9.03 Cr in FY24 to ₹1.53 Cr in FY26
- Acquirers' combined certified net worth as of June 30, 2026, is approximately ₹39.65 Cr
- Target company has 2,32,500 partly paid-up equity shares representing 1.60% of capital
The entire promoter group of Ramgopal Polytex has agreed to sell their 45.46% stake (65,91,796 shares) to Mr. Pravin Kumar Shishodiya and Mr. Punit Shishodiya. The transaction is priced at Rs 9 per share, totaling Rs 5.93 crore, which is a significant discount to the current market price of Rs 21.7. This acquisition triggers a mandatory open offer for an additional 26% stake (37,70,000 shares) from public shareholders. The deal marks a complete change in management and control for the company, which currently generates minimal TTM revenue of Rs 1 crore.
- Acquisition of 65,91,796 equity shares representing 45.46% of the total share capital
- Transaction price fixed at Rs 9 per equity share, totaling Rs 5.93 crore
- Mandatory open offer triggered for 37,70,000 shares representing 26.00% of equity capital
- Total SPA consideration of Rs 5.93 crore represents approximately 593% of TTM revenue
- Acquisition price of Rs 9 is a ~58% discount to the current market price of Rs 21.7
Mr. Pravin Kumar Shishodiya and Mr. Punit Shishodiya (Acquirers) have entered into a Share Purchase Agreement (SPA) to acquire the entire 45.46% promoter stake from the existing Jatia family group at ₹9.00 per share. This transaction has triggered a mandatory open offer to public shareholders for an additional 26% stake (37,70,000 shares) at a price of ₹17.10 per share. The total open offer consideration is ₹6.45 Cr, which is substantial relative to the company's current market capitalization of ₹32 Cr and TTM revenue of just ₹1 Cr. The offer price of ₹17.10 is currently at a ~21% discount to the last traded price of ₹21.7.
- Acquisition of 65,91,796 shares (45.46% stake) by new acquirers at an SPA price of ₹9.00 per share
- Mandatory Open Offer for 37,70,000 shares (26.00% stake) at an offer price of ₹17.10 per share
- Total Open Offer value of ₹6.45 Cr represents approximately 20% of the company's current market capitalization
- The existing promoter group, including Seven Rivers Investments and the Jatia family, will exit their entire 45.46% holding
- Detailed Public Statement (DPS) regarding the offer is scheduled to be published by August 04, 2026
Ramgopal Polytex has scheduled its 45th Annual General Meeting (AGM) for August 06, 2026, to be conducted via video conferencing. The company is dispatching physical letters to shareholders without registered email addresses to provide access to the FY 2025-26 Annual Report and AGM notice. Additionally, the company is mandating KYC updates for physical shareholders as per SEBI regulations. This is a standard administrative procedure to ensure regulatory compliance and facilitate electronic dividend payments.
- 45th Annual General Meeting scheduled for August 06, 2026, at 3:30 P.M. IST
- Annual Report for Financial Year 2025-26 and AGM Notice made available via web links and QR codes
- Mandatory KYC updation (PAN, Bank details, Mobile) required for physical shareholders as per SEBI circulars
- Dividends declared after April 01, 2024, to be paid only through electronic mode upon furnishing complete KYC details
Ramgopal Polytex has released its Annual Report for FY 2025-26 and scheduled its 45th AGM for August 06, 2026. The agenda includes the adoption of audited financial statements and the appointment of Mr. Arun Kumar Sharma as an Independent Director for a 5-year term until May 2031. The company also noted the retirement of Mr. Arun Kumar Modi on May 08, 2026. Financial statements were previously approved by the board on May 20, 2026.
- 45th Annual General Meeting scheduled for August 06, 2026, at 3:30 P.M. IST
- Proposed appointment of Mr. Arun Kumar Sharma as Independent Director for a 5-year term ending May 08, 2031
- Financial statements for the year ended March 31, 2026, were approved by the Board on May 20, 2026
- Mr. Arun Kumar Modi retired as Independent Director effective May 08, 2026
Ramgopal Polytex Ltd has convened its 45th Annual General Meeting (AGM) for August 06, 2026, to be held via video conferencing. The agenda includes the adoption of audited financial statements for FY 2025-26 and the re-appointment of Mr. Sanjay Jatia as Chairman and Managing Director. Additionally, the company seeks shareholder approval for the appointment of Mr. Arun Kumar Sharma as an Independent Director for a five-year term. Proposed remuneration for the CMD is capped at a modest Rs. 1,00,000 per month.
- 45th Annual General Meeting scheduled for August 06, 2026, at 3:30 P.M. IST.
- Proposed re-appointment of Mr. Sanjay Jatia as CMD, who holds a beneficial interest in 26,33,798 shares.
- Appointment of Mr. Arun Kumar Sharma as Independent Director for a 5-year term from May 09, 2026, to May 08, 2031.
- CMD remuneration proposed not to exceed Rs. 1,00,000 per month including salary and perquisites.
- Mr. Sanjay Jatia attended 5 out of 5 Board Meetings held during the financial year.
Financial Performance
Financial analysis data not yet available for this company.
Operational Drivers
Operational analysis data not yet available for this company.
Strategic Growth
Strategic growth analysis not yet available for this company.
External Factors
External factors analysis not yet available for this company.
Regulatory & Governance
Regulatory analysis not yet available for this company.
Risk Analysis
Risk analysis not yet available for this company.
