StockWatch
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Iron & Steel Products
Quarterly Result28 May 2026, 11:29 pm

Rathi Bars FY26 Results Approved; Auditor Issues Modified Opinion

AI Summary

Rathi Bars Limited's Board of Directors approved the Audited Financial Results (Standalone & Single Segment) for the quarter and financial year ended March 31, 2026. The statutory auditor, M/s MASAR & Co., issued an audit report with a modified opinion on these financial results. The company's manufacturing operations continue to remain suspended. The Board reviewed ongoing efforts for revival, including a writ petition filed in the Hon'ble Rajasthan High Court for re-commencement of operations. Discussions with bankers and lenders regarding moratorium, restructuring, and fresh credit facilities are also ongoing. Additionally, the Board approved the creation of necessary provisions for doubtful and disputed debtors.

Key Highlights

  • Board approved standalone audited financial results for Q4 and FY26.
  • Auditor issued a report with a modified opinion on the financial results.
  • Company's manufacturing operations continue to be suspended.
  • Discussions with bankers and lenders for revival and restructuring are ongoing.
  • Board approved creation of provisions for doubtful and disputed debtors.