Rishabh Digha Steel & Allied Products Ltd (531539)

Rishabh Digha Steel & Allied Products Ltd has issued a notice convening its 1st Extra-Ordinary General Meeting (EGM) on November 05, 2026. The meeting will seek shareholder approval to appoint M/s. S.D. Jain & Company as statutory auditors for a 5-year term. This follows a casual vacancy created by the resignation of M/s. Bilimoria Mehta & Co on October 12, 2026. Given the company's micro-cap size (Rs 22 Cr market cap and TTM revenue of Rs 1 Cr), this is a routine administrative compliance event.

• EGM scheduled for Thursday, November 05, 2026 at 09:30 AM IST.
• Appointment of M/s. S.D. Jain & Company, Chartered Accountants, for a 5 consecutive year term.
• Casual vacancy arose following the resignation of M/s. Bilimoria Mehta & Co effective October 12, 2026.
• Voting cut-off date fixed as October 29, 2026, with postal/assent form submission deadline of November 04, 2026.

Rishabh Digha Steel & Allied Products announced that statutory auditor M/s. Bilimoria Mehta & Co. has resigned with effect from August 14, 2026. The auditor was originally appointed on September 30, 2024, with a tenure scheduled up to March 31, 2029 (38th AGM). The auditor cited the company's limited scale of operations, professional fee constraints, and firm audit capacity limits as the primary reasons for stepping down after completing the June 30, 2026 quarterly review. No adverse concerns or issues regarding management cooperation were reported, and the company will appoint a successor auditor in due course.

• Statutory auditor M/s Bilimoria Mehta & Co. resigned effective August 14, 2026.
• Auditor tenure was cut short from the scheduled expiry date of March 31, 2029 (38th AGM).
• Latest limited review report submitted prior to resignation was for the quarter ended June 30, 2026.
• Resignation cited low operating scale, audit fees, and firm capacity limits, with zero concerns raised against management.

Rishabh Digha Steel & Allied Products reported a standalone net profit of ₹14.46 lakhs for the quarter ended June 30, 2026, recovering from a net loss of ₹15.30 lakhs in Q4 FY26. Revenue from operations was ₹Nil, consistent with ₹Nil in Q1 FY26, leaving total income entirely dependent on other income of ₹28.18 lakhs. Total expenses were contained at ₹8.85 lakhs, dominated by finance costs of ₹5.20 lakhs and other expenses of ₹3.63 lakhs. Diluted EPS for the quarter stood at ₹0.26 compared to ₹(0.37) in Q4 FY26 and ₹0.31 in Q1 FY26.

• Net profit stood at ₹14.46 lakhs versus a loss of ₹15.30 lakhs in Q4 FY26 and profit of ₹17.25 lakhs in Q1 FY26
• Revenue from operations was ₹Nil during the quarter compared to ₹59.79 lakhs in Q4 FY26
• Total income was entirely other income at ₹28.18 lakhs (down from ₹30.58 lakhs in Q1 FY26)
• Finance costs increased to ₹5.20 lakhs compared to ₹0.23 lakhs in Q1 FY26

Rishabh Digha Steel & Allied Products reported unaudited financial results for the quarter ended June 30, 2026 (Q1 FY27), generating ₹0.00 in revenue from operations, identical to Q1 FY26 and down from ₹59.79 lakhs in Q4 FY26. Total income was ₹28.18 lakhs, driven entirely by other income (₹28.18 lakhs vs ₹30.58 lakhs in Q1 FY26). Net profit for the period came in at ₹14.46 lakhs (down 16.2% YoY from ₹17.25 lakhs), reversing from a net loss of ₹15.30 lakhs in the previous quarter. Basic and diluted EPS stood at ₹0.26 for the quarter.

• Revenue from operations was ₹0.00 lakhs compared to ₹59.79 lakhs in Q4 FY26 and ₹0.00 lakhs in Q1 FY26
• Other income of ₹28.18 lakhs constituted 100% of total revenue during the quarter
• Net profit after tax stood at ₹14.46 lakhs vs a net loss of ₹15.30 lakhs in Q4 FY26 and ₹17.25 lakhs in Q1 FY26
• Total expenses reduced to ₹8.85 lakhs compared to ₹92.76 lakhs in Q4 FY26 and ₹7.27 lakhs in Q1 FY26
• Reported quarterly basic and diluted EPS was ₹0.26

Rishabh Digha Steel & Allied Products Ltd submitted a regulatory filing under Regulation 32 of SEBI LODR Regulations for the quarter ended June 30, 2026. The company confirmed that there has been no deviation or variation in the utilization of funds raised from its Initial Public Issue (IPO). Consequently, the submission of a formal Statement of Deviation or Variation is not applicable.

• Filing pertains to Regulation 32 reporting for the quarter ended June 30, 2026.
• Company confirmed nil deviation or variation in the utilization of IPO proceeds.
• Statement of Deviation is marked as not applicable per SEBI LODR guidelines.
• Document dated and signed on August 14, 2026.

Rishabh Digha Steel & Allied Products Ltd has scheduled a board meeting for August 14, 2026, to consider and approve the standalone unaudited financial results for the quarter ended June 30, 2026. The company is a micro-cap entity with a market capitalization of Rs 19 Cr and a very low TTM revenue base of Rs 1 Cr. The trading window for designated persons has been closed since July 1, 2026, and will reopen 48 hours after the results are declared. Investors should note the company's significant operating losses, with a TTM operating margin of -55.1%.

• Board meeting scheduled for August 14, 2026, to approve Q1 FY27 results.
• Trading window closed from July 1, 2026, until 48 hours post-result announcement.
• Company reported a low TTM revenue of Rs 1 Cr as of the latest data.
• Operating profit margin remains deeply negative at -55.1% for the TTM period.
• Promoter holding remains stable at 74.31% as of June 2026.