RR MetalMakers India Ltd (531667)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, RR MetalMakers' revenue was ₹35.7 Cr (+71.4% year on year, +18.9% on the previous quarter), and net profit ₹-1.0 Cr (against a profit a year earlier); the operating margin was -1.4%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹35.7 | +71.4% | +18.9% |
| Operating profit | ₹-0.5 | to loss | to loss |
| Net profit | ₹-1.0 | to loss | to loss |
| EPS (₹) | -1.08 | to loss | to loss |
| Operating margin | -1.4% | — | — |
📢 Recent Corporate Announcements
RR MetalMakers India Ltd has submitted a newspaper corrigendum regarding an open offer for acquiring up to 23,42,295 equity shares of the company. The offer is being made by RB International Holdings Limited, Suyog Yogesh Desai, and Nikita Suyog Desai via Vivro Financial Services. The open offer represents a significant change or entry of new acquirers into the micro-cap company (market cap Rs 40 Cr). The corrigendum modifies earlier disclosures made in the Public Announcement, Detailed Public Statement, and Draft Letter of Offer.
- Open offer for acquisition of up to 23,42,295 equity shares of RR Metalmakers India Ltd
- Acquisition being undertaken by RB International Holdings Limited, Suyog Yogesh Desai, and Nikita Suyog Desai
- Manager to the offer is Vivro Financial Services Private Limited
- Corrigendum published in newspapers on October 06, 2026, updating previous offer documents
RR MetalMakers India Ltd reported the outcome of its Board of Directors meeting held on August 14, 2026. The board approved the standalone unaudited financial results along with the Limited Review Report for the first quarter ended June 30, 2026. Detailed revenue and profit figures were not included in the primary outcome letter extract. The company operates with a TTM revenue base of Rs 110 Cr and a market capitalization of Rs 53 Cr.
- Board meeting commenced at 04:00 p.m. and concluded at 04:30 p.m. on August 14, 2026
- Approved standalone unaudited financial results for the quarter ended June 30, 2026
- Took on record the Limited Review Report for the first quarter ended June 30, 2026
- Detailed financial numbers for the quarter were not disclosed in the outcome text extract
RR MetalMakers India Ltd's Board of Directors met on August 14, 2026, and approved the standalone unaudited financial results for the quarter ended June 30, 2026. The meeting commenced at 04:00 PM and concluded at 04:30 PM. The board also took on record the statutory auditor's Limited Review Report as required under SEBI LODR Regulation 33. Specific revenue and profit figures were not provided in the cover letter text.
- Board meeting conducted on August 14, 2026, from 04:00 PM to 04:30 PM (30 minutes)
- Approved standalone unaudited financial results for the quarter ended June 30, 2026
- Took on record the Limited Review Report under Regulation 33 of SEBI LODR
RB International Holdings Limited (UK) and associates have filed a Draft Letter of Offer to acquire up to 23,42,295 shares, representing a 26% stake in RR MetalMakers India Ltd. The offer price of ₹23.85 per share is at a significant discount (~65%) to the current market price of ₹69.2. This mandatory open offer follows a Share Purchase Agreement (SPA) for a change in control of the company. The tendering period is scheduled to run from September 23, 2026, to October 7, 2026.
- Open offer to acquire 23,42,295 equity shares representing 26% of the total share capital.
- Offer price fixed at ₹23.85 per share, significantly below the current market price of ₹69.2.
- Acquisition triggered by a Share Purchase Agreement (SPA) involving RB International Holdings Limited (UK).
- The company is currently under Enhanced Surveillance Measure (ESM) Stage 2, restricting liquidity.
- Total potential outlay for the open offer is approximately ₹5.58 crore at the stated price.
RR MetalMakers India Ltd has received a Draft Letter of Offer for an open offer to acquire up to 23,42,295 equity shares, representing a 26% stake in the company. The offer is being made by RB International Holdings Limited (UK) along with Suyog Yogesh Desai and Nikita Suyog Desai at a price of ₹23.85 per share. This offer price is at a significant ~65% discount to the current market price of ₹69.2. The tendering period for shareholders is scheduled to open on September 23, 2026, and close on October 7, 2026.
- Offer price of ₹23.85 per share is a 65.5% discount to the current market price of ₹69.2
- Acquisition target of 23,42,295 shares representing 26% of the total equity share capital
- Total potential consideration for the open offer is approximately ₹5.59 Cr
- Tendering period scheduled to run from September 23, 2026, to October 7, 2026
- Acquirers include a UK-based entity, RB International Holdings Limited
RR MetalMakers India Ltd has scheduled a board meeting for August 14, 2026, to consider and approve the unaudited financial results for the quarter ended June 30, 2026. The company currently operates with a TTM revenue of ₹110 Cr but remains loss-making with a TTM PAT of -₹2 Cr. The trading window for insiders has been closed since July 01, 2026, and will remain so until August 16, 2026. This is a routine regulatory filing ahead of the quarterly earnings release.
- Board meeting scheduled for August 14, 2026, to approve Q1 FY27 results
- Financial results pertain to the quarter ended June 30, 2026
- Trading window closed from July 01, 2026, to August 16, 2026
- Company reported a TTM net loss of ₹2 Cr against ₹110 Cr revenue
RB International Holdings Limited (UK), along with Suyog and Nikita Desai, has issued a Detailed Public Statement to acquire up to 23,42,295 shares, representing 26% of RR MetalMakers India Ltd. This follows a Public Announcement made on July 30, 2026, under SEBI SAST Regulations. The lead acquirer is a UK-based investment firm with a consolidated income of £58.5 million (approx. ₹711 crore) for FY25, which is significantly larger than the target company's TTM revenue of ₹110 crore. The offer indicates a potential change in control or substantial acquisition for the ₹60 crore market cap company.
- Open offer to acquire up to 23,42,295 fully paid-up equity shares representing 26.00% of the share capital.
- Lead Acquirer (RB International) reported a consolidated PAT of £3.07 million (₹37.4 crore) for the year ended December 30, 2025.
- Acquirer 1's consolidated net worth stood at £19.45 million (₹244.4 crore) as of March 31, 2026.
- The offer is triggered under Regulations 3(1) and 4 of SEBI (SAST) Regulations 2011.
- Vivro Financial Services Private Limited is acting as the Manager to the Offer.
RB International Holdings Limited (UK), along with Suyog and Nikita Desai, has issued a Detailed Public Statement to acquire 23,42,295 shares (26% stake) of RR MetalMakers India Ltd. The lead acquirer is a significantly larger entity, reporting FY25 consolidated income of £58.53 million (approx. ₹711.5 crore), which is 6.47x the target company's TTM revenue of ₹110 crore. This open offer follows a Public Announcement made on July 30, 2026, and indicates a potential change in control or significant strategic investment. The acquirer's consolidated net worth stood at ₹244.4 crore as of March 31, 2026, providing substantial financial backing compared to the target's ₹6 crore net worth.
- Open offer to acquire up to 23,42,295 fully paid-up equity shares representing 26.00% of the equity capital.
- Lead acquirer RB International Holdings reported a consolidated PAT of £3.08 million (approx. ₹37.4 crore) for the year ended Dec 2025.
- Acquirer 1's total income for the three-month period ended March 31, 2026, reached £16.05 million (approx. ₹201.6 crore).
- Acquirer 2 (Suyog Yogesh Desai) has a certified personal net worth of ₹2.71 crore as of July 30, 2026.
- The target company RR MetalMakers has a market cap of only ₹61 crore, making the acquirer's ₹244.4 crore net worth highly significant.
RR MetalMakers India has received a Public Announcement for an Open Offer from RB International Holdings Limited and the Desai family (Suyog and Nikita Desai). This acquisition attempt follows SEBI (SAST) Regulations and comes at a time when the company is loss-making, with a TTM PAT of Rs -2 Cr. The company is a micro-cap with a market capitalization of only Rs 50 Cr and thin operating margins of 1.0%. Investors should await the Detailed Public Statement to understand the offer price and potential change in control.
- Acquisition initiated by RB International Holdings Ltd and two individual acquirers on July 30, 2026.
- The offer is managed by Vivro Financial Services Private Limited as per SEBI (SAST) Regulations 2011.
- Company reports a TTM revenue of Rs 110 Cr against a small market cap of Rs 50 Cr.
- Current promoter holding stands at 70.66% as of June 2026.
- The company has a high Price-to-Book (P/B) ratio of 8.3 despite negative earnings.
The promoters of RR MetalMakers India Ltd have entered into a Share Purchase Agreement (SPA) to sell their entire 70.66% stake (63,65,924 shares) to RB International Holdings Limited and two individuals. The transaction is priced at ₹23.85 per share, totaling ₹15.18 crore, which represents a significant discount to the current market price of ₹64.0. This acquisition triggers a mandatory open offer for an additional 26% stake from public shareholders. Upon completion, the acquirers will take full management control and be classified as the new promoters.
- Sale of 63,65,924 equity shares representing 70.66% of the total equity capital
- Transaction price of ₹23.85 per share, totaling a consideration of ₹15.18 crore
- Mandatory open offer triggered for up to 26% of the paid-up equity share capital
- Current promoters Virat Sevantilal Shah (40.41%) and Alok Virat Shah (30.25%) to exit completely
- Acquirers include RB International Holdings Limited, Suyog Yogesh Desai, and Nikita Suyog Desai
The current promoters of RR MetalMakers India Ltd are exiting the company by selling their entire 70.66% stake (63,65,924 shares) to RB International Holdings Limited and two individuals. The transaction is priced at ₹23.85 per share, totaling ₹15.18 crore, which represents a significant discount of approximately 63% to the current market price of ₹64.0. This triggers a mandatory open offer for an additional 26% stake from public shareholders, leading to a complete change in management and control.
- Sale of 63,65,924 equity shares representing 70.66% of the total equity capital
- Transaction price fixed at ₹23.85 per share, totaling ₹15.18 crore
- Mandatory open offer triggered for up to 26% of the total paid-up equity share capital
- Acquirers include RB International Holdings Limited, Suyog Yogesh Desai, and Nikita Suyog Desai
- Existing promoters Virat Sevantilal Shah and Alok Virat Shah to be reclassified as public shareholders
Manilal Virabhai Patel has divested his entire holding in RR MetalMakers India Ltd, selling 6,800 equity shares on July 22, 2026. The sale represents 0.075% of the company's total equity capital and was executed through the open market. Following this transaction, the individual's holding in the company has reduced to zero. Given the company's small market capitalization of approximately ‑47 Cr, the transaction value is negligible at roughly ‑4.06 lakh based on current prices.
- 6,800 equity shares sold via open market on July 22, 2026
- 0.075% stake divested, representing the seller's entire holding
- Post-transaction holding reduced to Nil (0 shares)
- Total equity share capital remains unchanged at 90,08,824 shares of ‑10 each
RR MetalMakers India Ltd has announced its 31st Annual General Meeting (AGM) to be held on August 07, 2026, via video conferencing. The company is dispatching the Annual Report for FY 2025-26 to shareholders, providing weblinks and QR codes for those without registered email addresses. The cut-off date for determining e-voting eligibility is set for July 31, 2026. Remote e-voting will be conducted between August 04 and August 06, 2026.
- 31st Annual General Meeting scheduled for August 07, 2026, at 11:30 a.m. IST
- Cut-off date for remote e-voting eligibility is July 31, 2026
- Remote e-voting period starts August 04, 2026 (09:00 a.m.) and ends August 06, 2026 (05:00 p.m.)
- Annual Report for FY 2025-26 made available via digital link and QR code for non-registered email holders
RR MetalMakers India Ltd reported a net loss of ₹151.96 Lakhs for FY 2025-26, a sharp reversal from the ₹314.79 Lakhs profit in the previous year. The downturn is primarily attributed to the disposal of the company's manufacturing plant, which impacted overall profitability and reduced the Net Profit Ratio to -0.77%. While sales turnover increased, the Debt-Equity ratio worsened to 1.57 from 1.00, and Return on Capital Employed (ROCE) fell from 45.34% to 15.53%. The company is currently focusing on recovering 'tied-up' funds in trade receivables.
- Reported a net loss of ₹151.96 Lakhs in FY26 vs a profit of ₹314.79 Lakhs in FY25
- Debt-Equity ratio increased by 57.14% to 1.57 due to debt rising to ₹1,315.42 Lakhs
- Return on Capital Employed (ROCE) plummeted to 15.53% from 45.34% year-on-year
- Inventory turnover ratio improved significantly by 103.99% to 4.66
- Net Profit Ratio declined to -0.77% from 3.23% following the disposal of manufacturing operations
RR MetalMakers India Ltd has issued a notice for its 31st Annual General Meeting (AGM) to be held on August 07, 2026. The agenda includes the adoption of FY2025-26 audited financial statements and the re-appointment of Chairman Virat Seventilal Shah, who holds 36,40,412 shares. A special resolution is also proposed to re-appoint Samir Mukund Patil as an Independent Director for a second five-year term starting July 12, 2027. Notably, both directors proposed for re-appointment drew zero remuneration during FY2025-26.
- 31st Annual General Meeting scheduled for August 07, 2026, at 11:30 a.m. IST via video conferencing.
- Proposed re-appointment of Mr. Samir Mukund Patil as Independent Director for a 5-year term until July 11, 2032.
- Chairman Mr. Virat Seventilal Shah holds 36,40,412 equity shares of Rs. 10 each.
- Both directors seeking re-appointment received Nil remuneration in the financial year 2025-26.
- Cut-off date for e-voting and dividend eligibility (if any) is not explicitly stated in the provided extract but follows standard AGM timelines.
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