RAJMET2025-04-012025-06-30RAJMET2025-04-012025-06-30in-capmkt:OtherExpenses1MemberRAJMET2025-04-012025-06-30ItemsThatWillNotBeReclassifiedToProfitAndLoss1RAJMET2025-04-012025-06-30AuditorDomain1RAJMET2025-04-012025-06-30in-capmkt:AuditedMemberRAJMET2025-06-30in-capmkt:AuditedMemberRAJMET2025-04-012025-06-30in-capmkt:AdjustedMemberRAJMET2025-06-30in-capmkt:AdjustedMemberRAJMET2025-04-012025-06-30AuditQualification1iso4217:INRiso4217:INRxbrli:shares000000RAJMETNOTLISTEDINE00KV01022Rajnandini Metal LimitedMain BoardEquity2025-04-012026-03-312025-08-112025-08-05INRLakhsQuarterlyFirst quarterSingle segmentManufacturing of Copper ROD2025-08-1116:00:002025-08-1119:00:00Statement on impact of audit qualificationfalsefalseThe Company is not default on Loans and Debt Securities.2025-04-012025-06-30UnauditedStandalone7388000005400000744200000717500000052000001120000012900000310000018900000768800000-246000000-246000000-4700000-47000000-199000000000-199000002000000-179000002765000001-0.06-0.0600-0.06-0.06Other Expenses18900000Items that will not be reclassified to Profit and Loss20000002000000002000000UnauditedQualified opinionKAPG & Associatestrue2027-05-31744200000744200000766800000766800000-19900000-19900000-0.06-0.0612029000001202900000656800000656800000546100000546100000Attention is drawn to note no.4 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 filed a rectification application under Section 161 of the CGST Act, but this application was rejected by the Adjudicating Officer. In the interim, the Management will file an appeal against the entire demand with the appropriate Appellate Authority. Pending outcome of the legal proceedings, we are unable to comment on the outcome of the said demand and its consequential impact.Qualified opinionRepetitiveNANADuring the Last year, the business premises of the Company had been searched by the GST Authorities in connection with some information in their possession. As a result of the search, the GST Authorities had alleged that the Company had claimed fraudulent ineligible input credit of GST in earlier years and accordingly, passed an Order under Section 74 of the CGST Act, 2017 dated January 16, 2025 directing the Company to deposit the ineligible input credit of GST amounting to Rs 96.14 crores along with interest of Rs 98.42 crores and penalty aggregating to Rs 96.14 crores aggregating to total demand of Rs. 290.70 crores. <br></br> <br></br> The Management is of the strong view that the Company had legitimately availed GST input credit and that the allegation made by the GST Authorities is not tenable. The Company is in the process of seeking legal recourse against the demand and, in the interim, has filed a rectification application before the concerned authorities requesting deletion of the entire demand. The rectification application has been rejected, and the Management is in process for file an appeal to the Tribunal/ Appropriate authority. In the opinion of the Management, based on the facts and circumstances of the case, the full documentary evidence of entitlement to the input credit, and legal advice obtained, this liability will not crystallize. Accordingly, no provision for this liability has been considered necessary in these accounts. <br></br> <br></br> Further Income Tax Authorities have also conducted search on the Company basis information received from GST Authorities and consequently raised a demand of Rs. 16.98 crores relating to above matter which is being contested by the Company before the Appellate Authorities. 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 <br></br> 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 resultsAshok KalraManoj Kumar JangirArun SharmaKAPG & AssociatesBawal2025-08-11