Rashi Peripherals Ltd

Rashi Peripherals Ltd. has received an order from the Principal Commissioner of Customs, confirming a demand of ₹8,02,01,938 towards customs duty, interest, and penalty. The demand arises from a Show Cause Notice (SCN No. 477/2025-26) related to an alleged wrong classification of imported goods. The company had previously paid ₹1,82,36,604 under protest. Rashi Peripherals is currently discussing with legal advisors the possibility of filing an appeal before CESTAT. The remaining payable amount of ₹6,19,65,334, excluding applicable interest, will be classified as a contingent liability in the company's financial statements.

Rashi Peripherals Ltd. received an order from the Principal Commissioner of Customs, Mumbai, dropping proceedings against the company related to Show Cause Notice (SCN No. 808/2025-26). The order confirms that the entire customs demand of ₹3,52,79,282 against the company is invalid, and all related proceedings have been dropped. This demand, classified as a contingent liability in the company's financial statement for FY24-25, will no longer impact the company's financials.

Rashi Peripherals Ltd. has rectified a typographical error in its declaration of unmodified opinion, initially dated March 31, 2025, which was incorrectly stated in a previous disclosure regarding the outcome of the board meeting held on May 14, 2026. The correct date is March 31, 2026. The company has submitted a revised declaration under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, confirming the unmodified opinion issued by its joint statutory auditors, M/s. Pipara & Co. LLP and M/s. Deloitte Haskins & Sells LLP, on the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026.

Rashi Peripherals Limited announced strong financial results for Q4 and FY26. For Q4 FY26, revenue grew 51% year-on-year to ₹44,894 million, with Net Profit surging 65% to ₹868 million and Diluted EPS at ₹12.49. For the full fiscal year FY26, the company reported a revenue of ₹158,273 million and a Net Profit of ₹2,823 million, with Diluted EPS at ₹41.18. The growth was attributed to robust demand for ICT products, sustained Tier-2 channel stocking, and favorable pricing. Operational highlights included new distribution partnerships with Dell Technologies and Teachmint, expansion of its distribution footprint, and strengthening its semiconductor presence. Management emphasized continued focus on expanding into new business verticals, strengthening the distribution network, and increasing focus on AI-led products and solutions for sustainable long-term growth.

The Board of Directors of Rashi Peripherals Ltd, in its meeting held on May 14, 2026, recommended a final dividend of ₹2 per equity share with a face value of ₹5 each (i.e., 40%) for the financial year ended March 31, 2026. The dividend is subject to the approval of the shareholders at the upcoming Annual General Meeting (AGM) and will be paid after the AGM approval. The meeting commenced at 2:35 P.M. (IST) and concluded at 5:05 P.M. (IST).

Rashi Peripherals Ltd. announced the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The Board of Directors, in their meeting held on May 14, 2026, recommended a final dividend of ₹2.00 per equity share (40%) subject to shareholder approval. The board also approved the statement of deviation(s) and variation(s) in utilization of issue proceeds of initial public offer and the Monitoring Agency Report.

Rashi Peripherals Ltd's board approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. A final dividend of ₹2.00 per equity share (40%) was recommended, subject to shareholder approval at the AGM. The board also reviewed the statement of deviation in the utilization of IPO proceeds and the Monitoring Agency Report for the quarter ended March 31, 2026. Joint Statutory Auditors issued unmodified opinions on the financial statements.

Rashi Peripherals Ltd has scheduled a Board of Directors meeting on May 14, 2026, to consider and approve the audited financial results (standalone and consolidated) for the quarter and financial year ended March 31, 2026. The board will also consider recommending a dividend on equity shares for the financial year ended March 31, 2026. The trading window for dealing in the company's securities is closed from April 1, 2026, until 48 hours after the declaration of the financial results.

Rashi Peripherals Ltd's Board of Directors approved the incorporation of a Wholly Owned Subsidiary (WOS) in India, Rashi Semiconductor Solutions Pvt. Limited, with an investment up to ₹80 crores. They also approved a step-down subsidiary in Singapore, Rashi Semiconductor Solutions Pte. Ltd. Additionally, the Board sanctioned the acquisition of 100% shareholding of 'RP Tech Electronics Limited' from its Promoters for a consideration of ₹1,00,000. This acquisition is a related party transaction and received Audit Committee approval. These strategic moves aim for business alignments, with implementation scheduled within one year.

Rashi Peripherals' Board approved the incorporation of two new subsidiaries: Rashi Semiconductor Solutions Pvt. Limited (a Wholly Owned Subsidiary in India with an investment of up to ₹80 crores) and Rashi Semiconductor Solutions Pte. Ltd. (a step-down subsidiary in Singapore). Additionally, the Board approved the acquisition of 100% shareholding of RP Tech Electronics Limited from its Promoters for a consideration of ₹1 Lacs, with an approved investment of up to ₹10 crores. This acquisition is a Related Party Transaction, for which Audit Committee approval was obtained. These actions are for strategic business alignments.