Restile Ceramics Ltd (515085)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Restile Ceramics' revenue was ₹1.7 Cr (+122.4% year on year, +15.8% on the previous quarter), and net profit ₹-0.2 Cr (a bigger loss than a year earlier); the operating margin was -3.9%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹1.7 | +122.4% | +15.8% |
| Operating profit | ₹-0.1 | loss widened | loss narrowed |
| Net profit | ₹-0.2 | loss widened | loss narrowed |
| EPS (₹) | -0.02 | loss widened | loss narrowed |
| Operating margin | -3.9% | — | — |
📢 Recent Corporate Announcements
Restile Ceramics issued a corrigendum to its EGM notice for acquiring Bell Granito Ceramica Limited (BGCL) via a share swap, which will make BGCL a subsidiary. Under the proposal, the company plans to issue 21,12,32,385 equity shares on a preferential basis, expanding its total equity base from 9,82,79,739 to 30,95,12,124 shares (over a 214% equity expansion). The share swap ratio is fixed at 1000:585 based on an independent valuation of Rs 5.85 per BGCL share, alongside cash consideration up to Rs 11.70 crore for up to 2.00 crore shares from Atreya Finance. Remote e-voting runs from October 24, 2026 to October 27, 2026, ahead of the EGM scheduled for October 28, 2026.
- Preferential issuance of 21,12,32,385 equity shares for non-cash consideration, expanding equity base to 30,95,12,124 shares
- Share swap ratio set at 1000:585 to acquire Bell Granito Ceramica Limited (BGCL), making it a subsidiary
- Acquisition of up to 2,00,00,000 equity shares of BGCL for aggregate cash consideration up to Rs 11.70 crore from Atreya Finance
- BGCL equity valuation determined at Rs 5.85 per share by an independent registered valuer
- Remote e-voting open between October 24, 2026 and October 27, 2026, before the EGM on October 28, 2026
Restile Ceramics has issued an EGM notice for October 28, 2026, seeking shareholder approval to acquire 98.89% of Bell Granito Ceramica Limited (BGCL). The deal involves an acquisition of up to 2.00 crore shares for up to ₹11.70 crore in cash from Atreya Finance, alongside a share swap on a preferential basis at a swap ratio of 1000:585. To accommodate the transaction, the company proposes to increase its authorized share capital from ₹100 crore to ₹320 crore and raise Section 186 investment limits to ₹500 crore. The cash consideration alone of ₹11.70 crore compares to Restile's FY26 revenue of ₹5.62 crore and market cap of ₹39 crore.
- Proposed acquisition of 98.89% of the equity share capital of Bell Granito Ceramica Limited (BGCL)
- Cash consideration of up to ₹11.70 crore to acquire up to 2,00,00,000 BGCL shares from Atreya Finance Pvt. Ltd.
- Share swap ratio fixed at 1000:585 for the preferential allotment of shares
- Increase in authorized share capital from ₹100 crore to ₹320 crore
- Section 186 investment limits enhanced up to ₹500 crore over statutory limits
Restile Ceramics has approved acquiring 98.89% of Bell Granito Ceramica Limited (BGCL) in a multi-step transaction involving ₹11.70 crore cash and a share swap. The company will issue 21,12,32,385 equity shares at ₹10 per share on a preferential basis, exchanging 585 Restile shares for every 1,000 BGCL shares. BGCL reported a turnover of ₹7,591.75 lakh (~₹75.9 Cr), which dwarfs Restile's TTM revenue of ₹7 Cr. To facilitate the deal, Restile is increasing its authorised share capital from ₹100 Cr to ₹320 Cr, pending shareholder approval at an EGM on October 28, 2026.
- Acquiring up to 98.89% of Bell Granito Ceramica Limited (BGCL) in the first tranche
- Cash payout of up to ₹11.70 crore to acquire a 5.19% stake from Atreya Finance Private Limited
- Share swap ratio of 1000:585 to acquire 93.70% stake, issuing 21,12,32,385 equity shares at ₹10 each
- BGCL reported turnover of ₹7,591.75 lakh, compared to Restile's TTM revenue of ₹7 Cr
- Authorised share capital to be expanded from ₹100 Cr to ₹320 Cr ahead of the October 28, 2026 EGM
Restile Ceramics has approved acquiring 98.89% of Bell Granito Ceramica Limited (BGCL) in a multi-step transaction involving ₹11.70 crore cash and a share swap. The company will issue 21,12,32,385 equity shares at ₹10 per share on a preferential basis, exchanging 585 Restile shares for every 1,000 BGCL shares. BGCL reported a turnover of ₹7,591.75 lakh (~₹75.9 Cr), which dwarfs Restile's TTM revenue of ₹7 Cr. To facilitate the deal, Restile is increasing its authorised share capital from ₹100 Cr to ₹320 Cr, pending shareholder approval at an EGM on October 28, 2026.
- Acquiring up to 98.89% of Bell Granito Ceramica Limited (BGCL) in the first tranche
- Cash payout of up to ₹11.70 crore to acquire a 5.19% stake from Atreya Finance Private Limited
- Share swap ratio of 1000:585 to acquire 93.70% stake, issuing 21,12,32,385 equity shares at ₹10 each
- BGCL reported turnover of ₹7,591.75 lakh, compared to Restile's TTM revenue of ₹7 Cr
- Authorised share capital to be expanded from ₹100 Cr to ₹320 Cr ahead of the October 28, 2026 EGM
Restile Ceramics has approved acquiring 98.89% of Bell Granito Ceramica Limited (BGCL) in a multi-step transaction involving ₹11.70 crore cash and a share swap. The company will issue 21,12,32,385 equity shares at ₹10 per share on a preferential basis, exchanging 585 Restile shares for every 1,000 BGCL shares. BGCL reported a turnover of ₹7,591.75 lakh (~₹75.9 Cr), which dwarfs Restile's TTM revenue of ₹7 Cr. To facilitate the deal, Restile is increasing its authorised share capital from ₹100 Cr to ₹320 Cr, pending shareholder approval at an EGM on October 28, 2026.
- Acquiring up to 98.89% of Bell Granito Ceramica Limited (BGCL) in the first tranche
- Cash payout of up to ₹11.70 crore to acquire a 5.19% stake from Atreya Finance Private Limited
- Share swap ratio of 1000:585 to acquire 93.70% stake, issuing 21,12,32,385 equity shares at ₹10 each
- BGCL reported turnover of ₹7,591.75 lakh, compared to Restile's TTM revenue of ₹7 Cr
- Authorised share capital to be expanded from ₹100 Cr to ₹320 Cr ahead of the October 28, 2026 EGM
Restile Ceramics has approved acquiring 98.89% of Bell Granito Ceramica Limited (BGCL) in a multi-step transaction involving ₹11.70 crore cash and a share swap. The company will issue 21,12,32,385 equity shares at ₹10 per share on a preferential basis, exchanging 585 Restile shares for every 1,000 BGCL shares. BGCL reported a turnover of ₹7,591.75 lakh (~₹75.9 Cr), which dwarfs Restile's TTM revenue of ₹7 Cr. To facilitate the deal, Restile is increasing its authorised share capital from ₹100 Cr to ₹320 Cr, pending shareholder approval at an EGM on October 28, 2026.
- Acquiring up to 98.89% of Bell Granito Ceramica Limited (BGCL) in the first tranche
- Cash payout of up to ₹11.70 crore to acquire a 5.19% stake from Atreya Finance Private Limited
- Share swap ratio of 1000:585 to acquire 93.70% stake, issuing 21,12,32,385 equity shares at ₹10 each
- BGCL reported turnover of ₹7,591.75 lakh, compared to Restile's TTM revenue of ₹7 Cr
- Authorised share capital to be expanded from ₹100 Cr to ₹320 Cr ahead of the October 28, 2026 EGM
Restile Ceramics Ltd has scheduled a Board of Directors meeting on September 28, 2026, to evaluate raising funds via equity shares or eligible securities through preferential issue, private placement, or other permissible modes. The Board will also consider increasing the authorized share capital and altering the company's Memorandum of Association. Trading window closure took effect on September 23, 2026, and will last until September 30, 2026. The move comes as the company carries a debt of ₹37 Cr and negative net worth of ₹-32 Cr against a market cap of ₹39 Cr.
- Board meeting scheduled for Monday, September 28, 2026, to consider capital raising
- Fundraise evaluated via preferential issue, private placement, or other eligible modes
- Proposal to increase Authorized Share Capital and amend Memorandum of Association
- Trading window closed from September 23, 2026, to September 30, 2026
Restile Ceramics Limited has announced the closure of its Register of Members and Share Transfer Books from September 03, 2026 to September 09, 2026 (both days inclusive). The closure is in connection with the company's 40th Annual General Meeting (AGM) scheduled for September 09, 2026, at 12:00 Noon IST via Video Conferencing / Other Audio Visual Means. This is a standard regulatory filing under Regulation 42 of SEBI LODR Regulations, 2015 with no direct operational or financial impact on the company.
- 40th Annual General Meeting scheduled for Wednesday, September 09, 2026 at 12:00 Noon (IST)
- Share transfer books and register of members closed from September 03, 2026 to September 09, 2026 (both days inclusive)
- Meeting to be conducted virtually through Video Conferencing / Other Audio Visual Means
- Filing made in compliance with Regulation 42 of SEBI LODR Regulations, 2015
Restile Ceramics Ltd has submitted its Annual Report for FY 2025-26 and issued notice for its 40th Annual General Meeting scheduled for September 9, 2026. Among the special business items, the company seeks shareholder approval for material related-party transactions with Bell Granito Ceramica Limited up to Rs 10 crore (Rs 1,000 lakh) annually, alongside approval to borrow in excess of paid-up capital and reserves. The e-voting window will remain open from September 5 to September 8, 2026, with a cut-off date of September 2, 2026.
- 40th AGM convened for Wednesday, September 09, 2026 at 12:00 Noon IST via Video Conferencing.
- Shareholder approval sought for related-party transactions with Bell Granito Ceramica Limited up to Rs 1,000 Lakhs annually.
- E-voting period scheduled from September 05, 2026 (10:00 AM) to September 08, 2026 (05:00 PM).
- Share transfer book closure set from September 03, 2026 to September 09, 2026.
Restile Ceramics has issued notice for its 40th Annual General Meeting scheduled for September 9, 2026, via video conferencing. Key agenda items include shareholder approval for material related-party transactions with Bell Granito Ceramica Limited up to Rs 10 Cr (Rs 1,000 Lakhs) annually, which exceeds the company's TTM revenue of Rs 7 Cr. The company is also proposing a special resolution to borrow funds in excess of its paid-up capital and free reserves. The electronic voting window will run from September 5 to September 8, 2026, with a cut-off date of September 2, 2026.
- 40th AGM scheduled for September 09, 2026, at 12:00 Noon IST via Video Conferencing.
- Approval sought for material related-party transactions with Bell Granito Ceramica Ltd up to Rs 1,000 Lakhs annually.
- Special resolution tabled to approve borrowings in excess of paid-up capital and free reserves under Section 180(1)(c).
- E-voting open from September 05 to September 08, 2026, with a cut-off record date of September 02, 2026.
Restile Ceramics Limited has announced the appointment of M/s. R K Doshi & Co LLP as the company's Internal Auditor for the financial year 2026-27. The appointment was approved by the Board of Directors on July 24, 2026, following a recommendation from the Audit Committee. This is a standard regulatory compliance filing. Given the company's small scale with TTM revenue of Rs 6 Cr and a negative net worth of Rs 32 Cr, maintaining robust internal controls is a necessary administrative function.
- Appointment of M/s. R K Doshi & Co LLP as Internal Auditor for the full financial year 2026-27.
- Board meeting and approval finalized on July 24, 2026.
- Company operates with a negative net worth of Rs 32 Cr and debt of Rs 37 Cr.
- TTM revenue remains low at Rs 6 Cr, making internal oversight critical for cost management.
Restile Ceramics reported zero revenue from operations for the quarter ended June 30, 2026, a total collapse from Rs 75.30 lakhs in the same quarter last year. The company posted a net loss of Rs 16.10 lakhs for the quarter, while its net worth remains deeply negative at approximately Rs -32 Cr. Most critically, statutory auditors have issued a qualified opinion, citing material uncertainty regarding the company's ability to continue as a going concern due to negative cash flows and asset deterioration. Management has stated they are addressing these issues through a proposed restructuring of operations.
- Revenue from operations fell to Rs 0.00 in Q1 FY27 from Rs 75.30 lakhs in Q1 FY26
- Net loss for the quarter stood at Rs 16.10 lakhs against a loss of Rs 10.92 lakhs YoY
- Auditors issued a 'Basis of Qualified Conclusion' regarding the company's status as a going concern
- Total expenses of Rs 32.87 lakhs were primarily driven by depreciation (Rs 9.53 lakhs) and employee costs (Rs 8.39 lakhs)
- Other equity as of March 31, 2026, stood at a deficit of Rs 130.00 Cr
Restile Ceramics reported a net loss of ₹16.10 lakhs for the quarter ended June 30, 2026, on a total income of ₹1.67 Cr. The statutory auditors have issued a qualified opinion, highlighting material uncertainty regarding the company's ability to continue as a 'going concern' due to persistent operating losses and negative cash flows. With a negative net worth of ₹32 Cr and debt of ₹37 Cr, the company's financial position remains extremely stressed. Management has stated they are addressing these issues through a proposed restructuring of operations.
- Revenue from operations for Q1 FY27 stood at ₹1.67 Cr, representing approximately 28% of TTM revenue.
- Net loss widened to ₹16.10 lakhs from ₹10.92 lakhs in the corresponding quarter of the previous year.
- Statutory auditors flagged significant deterioration in the value of assets used to generate cash flows.
- The company reported a deeply negative net worth of ₹-32 Cr against a total debt of ₹37 Cr.
- M/s. R K Doshi & Co LLP was appointed as the Internal Auditor for the financial year 2026-27.
Restile Ceramics Ltd has scheduled a board meeting for July 24, 2026, to consider and approve the standalone unaudited financial results for the quarter ended June 30, 2026. This is a routine regulatory filing as per SEBI Listing Regulations. The company's trading window for insiders has been closed since July 01, 2026, and will remain so until 48 hours after the results are declared. Investors should note the stock has seen a 21.7% decline over the past 12 months.
- Board meeting scheduled for July 24, 2026, at 04:00 P.M. IST
- Agenda includes approval of Standalone Unaudited Financial Results for the quarter ended June 30, 2026
- Trading window closed from July 01, 2026, until 48 hours post-announcement
- Meeting to be held at the company's Chennai office location
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