Integrated Filing — IndAS



General information about company
Scrip Code 000000
NSE Symbol RAJMET
MSEI Symbol NOTLISTED
ISIN INE00KV01022
Name of company Rajnandini Metal Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 29-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 22-May-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment Manufacturing of Copper ROD
Start date and time of board meeting 29-May-2025   17:30:00
End date and time of board meeting 29-May-2025   21:40:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Statement on impact of audit qualification
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 2024-05-10
Indicate Company website link for updated RPT policy of the Company https://www.rajnandinimetal.com/investor.html
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
The Company has no defauld on loand and Debts Securities.



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 2085300000 10335800000
Other income 40500000 83300000
Total income 2125800000 10419100000
2 Expenses
(a) Cost of materials consumed 2157400000 10337100000
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade -161700000 -367000000
(d) Employee benefit expense 18700000 73200000
(e) Finance costs 23700000 131700000
(f) Depreciation, depletion and amortisation expense 2900000 12000000
(f) Other Expenses
1 Other Expenses 80600000 259300000
Total other expenses 80600000 259300000
Total expenses 2121600000 10446300000
3 Total profit before exceptional items and tax 4200000 -27200000
4 Exceptional items 0 0
5 Total profit before tax 4200000 -27200000
6 Tax expense
7 Current tax 0 1800000
8 Deferred tax 400000 -7300000
9 Total tax expenses 400000 -5500000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations 3800000 -21700000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
14 Net profit (loss) from discontinued operation after tax 0 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 0
16 Total profit (loss) for period 3800000 -21700000
17 Other comprehensive income net of taxes 100000 200000
18 Total Comprehensive Income for the period 3900000 -21500000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 276500000 276500000
Face value of equity share capital 1 1
27 Details of debt securities
22 Reserves excluding revaluation reserve 287200000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 0.01 -0.08
Diluted earnings (loss) per share from continuing operations 0.01 -0.08
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 0.01 -0.08
Diluted earnings (loss) per share from continuing and discontinued operations 0.01 -0.08
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 328000000
Capital work-in-progress 16900000
Investment property 0
Goodwill 0
Other intangible assets 0
Intangible assets under development 0
Biological assets other than bearer plants 0
Investments accounted for using equity method 0
Non-current financial assets
Non-current investments 0
Trade receivables, non-current 0
Loans, non-current 0
Other non-current financial assets 4200000
Total non-current financial assets 4200000
Deferred tax assets (net) 0
Other non-current assets 24500000
Total non-current assets 373600000
2 Current assets
Inventories 926700000
Current financial asset
Current investments 0
Trade receivables, current 114100000
Cash and cash equivalents 500000
Bank balance other than cash and cash equivalents 5300000
Loans, current 0
Other current financial assets 0
Total current financial assets 119900000
Current tax assets (net) 0
Other current assets 58700000
Total current assets 1105300000
3 Non-current assets classified as held for sale 0
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 1478900000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 276500000
Other equity 287200000
Total equity attributable to owners of parent 563700000
Non controlling interest
Total equity 563700000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 100900000
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0
Total Trade payable 0
Other non-current financial liabilities 0
Total non-current financial liabilities 100900000
Provisions, non-current 0
Deferred tax liabilities (net) 7800000
Deferred government grants, Non-current 0
Other non-current liabilities 4500000
Total non-current liabilities 113200000
Current liabilities
Current financial liabilities
Borrowings, current 342400000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 56500000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 376400000
Total Trade payable 432900000
Other current financial liabilities 0
Total current financial liabilities 775300000
Other current liabilities 26700000
Provisions, current 0
Current tax liabilities (Net) 0
Deferred government grants, Current 0
Total current liabilities 802000000
3 Liabilities directly associated with assets in disposal group classified as held for sale 0
4 Regulatory deferral account credit balances and related deferred tax liability 0
Total liabilities 915200000
Total equity and liabilites 1478900000
Disclosure of notes on assets and liabilities



Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Audited Audited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Item that will not be reclassified to Profit and Loss 100000 200000
Total Amount of items that will not be reclassified to profit and loss 100000 200000
2 Income tax relating to items that will not be reclassified to profit or loss 0 0
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0 0
5 Total Other comprehensive income 100000 200000



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax -27200000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 131700000
Adjustments for decrease (increase) in inventories 43600000
Adjustments for decrease (increase) in trade receivables, current 0
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets 4100000
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current 100500000
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 412700000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 21800000
Adjustments for increase (decrease) in other non-current liabilities -28100000
Adjustments for depreciation and amortisation expense 12000000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 1100000
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current 0
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 0
Adjustments for interest income 0
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) 0
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow 0
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items 31200000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) 730600000
Net cash flows from (used in) operations 703400000
Dividends received 0
Interest paid 0
Interest received -55200000
Income taxes paid (refund) 23700000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 624500000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 0
Purchase of property, plant and equipment 0
Proceeds from sales of investment property 0
Purchase of investment property 0
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 5500000
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 55200000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) investing activities 49700000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 0
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 0
Repayments of borrowings 542800000
Payments of lease liabilities 0
Dividends paid 0
Interest paid 0
Income taxes paid (refund) 0
Other inflows (outflows) of cash -131700000
Net cash flows from (used in) financing activities -674500000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -300000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents -300000
Cash and cash equivalents cash flow statement at beginning of period 800000
Cash and cash equivalents cash flow statement at end of period 500000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Statement on impact of audit qualification
Auditor's opinion Qualified opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 KAPG & Associates Yes 31-May-2027


Financial details
Sr. Particulars Audited Figures (as reported before adjusting for qualifications) Adjusted Figures (audited figures after adjusting for qualifications)
1 Turnover / Total income 10419100000 10419100000
2 Total Expenditure 10446300000 10446300000
3 Net Profit/(Loss) -21700000 -21700000
4 Earnings Per Share -0.08 -0.08
5 Total Assets 1478900000 1478900000
6 Total Liabilities 915200000 915200000
7 Net Worth 563700000 563700000
8 Tax Expenses -5500000 -5500000


Audit qualification
Sr. Details of Audit Qualification Type of Audit Qualification Frequency of qualification For Audit Qualification(s) where the impact is quantified by the auditor For Audit Qualification(s) where the impact is not quantified by the auditor
Management's Views (i) Management's estimation on the impact of audit qualification (ii) If management is unable to estimate the impact, reasons for the same Auditors' Comments on (i) or (ii) above
1 Textual Information(1) Qualified opinion Whether appeared first time Textual Information(2) Textual Information(3) Textual Information(4) Textual Information(5)


Text Block
Textual Information(1) Attention is drawn to note no. 3 of the financial results with respect to demand raised by the GST Authorities aggregating to Rs. 290.70 crores (incl. interest and penalty), pursuant to the search and further proceedings conducted by the Authorities, alleging claiming of ineligible input credit of GST. Further, Income Tax Authorities had also searched the Company and raised a demand of Rs. 16.98 crores. The management is seeking legal recourse against the said demands and in the interim filed a rectification and appeal applications for deletion of entire demand. n nPending outcome of the legal proceedings, we are unable to comment on the outcome of the said demands and its consequential impact, if any, required to be recorded in the accompanying financial results.
Textual Information(2) NA n
Textual Information(3) NA
Textual Information(4) Management believes that no liability in this regard will arise against the Company. Accordingly, no provision for this liability has been considered necessary by the management in these accounts.
Textual Information(5) We are unable to comment on the outcome of the said demands and its consequential impact hence it is not quantified.


Signatories detail
Name of CEO / Managing director Ashok Kalra
Name of CFO Manoj Kumar Jangir
Name of audit committee chairman Arun Sharma
Name of statutory auditor Karun Agrawal
Name of other signatory, if any, with designation
Place Bawal
Date 29-May-2025


Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 Rajnandini Metal Limited Het Ram Managing Director Remuneration 0 Approved 0 700000 0
2 Rajnandini Metal Limited Ashok Kalra Director Remuneration 2250000 Approved 2250000 360000 378000
3 Rajnandini Metal Limited Manoj Kumar Jangir Director Remuneration 750000 Approved 750000 120000 604000
4 Rajnandini Metal Limited Arun Sharma Independent Director Any other transaction Sitting Fees 32000 Approved 32000 21000 18000
5 Rajnandini Metal Limited Anjali Independent Director Any other transaction Sitting Fees 11000 Approved 11000 10000 0
6 Rajnandini Metal Limited Sanjeev Chhaudha Independent Director Any other transaction Sitting Fees 28000 Approved 28000 18000 18000
7 Rajnandini Metal Limited Viraj Technology India Limited Enterprise over which a director or his relative has significant influence Sale of goods or services 156931000 Approved 156931000 26313000 0
8 Rajnandini Metal Limited Yogender Kumar Sharma Company Secretary Remuneration 343000 Approved 343000 56000 288000
9 Rajnandini Metal Limited Ankita Bhargava Independent Director Any other transaction Sitting Fees 72000 Approved 72000 0 72000
Total value of transaction during the reporting period 160417000