Rathi Bars Board Approves FY26 Results; Auditor Issues Modified Opinion

Rathi Bars Limited's Board of Directors met on May 28, 2026, and approved the standalone audited financial results for the quarter and financial year ended March 31, 2026. The company's statutory auditor, M/s MASAR & Co., issued an audit report with a modified opinion on these financial results. Key discussions included the continued suspension of manufacturing operations and ongoing efforts for revival, including a writ petition filed before the Hon’ble Rajasthan High Court for re-commencement. The Board also reviewed discussions with bankers and lenders regarding moratorium, restructuring, and fresh credit facilities, noting no material change in pending debt and interest servicing obligations. Additionally, the Board approved the creation of provisions for doubtful and disputed debtors based on the auditor's recommendation.