5444852025-10-012025-12-315444852025-12-315444852025-04-012025-12-315444852025-10-012025-12-31in-capmkt:OtherExpenses1Member5444852025-04-012025-12-31in-capmkt:OtherExpenses1Member5444852025-10-012025-12-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15444852025-04-012025-12-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15444852025-12-31Statement15444852025-10-012025-12-31Statement15444852025-12-31StatementDynamic1I1Statement15444852025-12-31StatementDynamic1I2Statement15444852025-12-31StatementDynamic1I3Statement1iso4217:INRxbrli:pureiso4217:INRxbrli:shares544485REGAALNOTLISTEDINE0MHO01029REGAAL RESOURCES LIMITEDMain BoardEquity2025-04-012026-03-312026-02-102026-02-04INRMillionsQuarterlyThird quarterSingle segmentManufacturing of Maize Starch and its Derivatives2026-02-1013:00:002026-02-1014:30:00true1falseNOT APPLICABLE2025-10-012025-12-31UnauditedStandalone32297000003610000323331000013016900001427950000-3048200008042000068750000396800003789400002992610000240700000-6657000017413000030650000110200004167000001324600000000132460000121000013367000051362000051.271.26001.271.261. The above unaudited financial results have been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, Interim Financial Reporting ('Ind AS 34'), prescribed under section 133 of the Companies Act, 2013 ('the Act'), and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulation 33 of the Listing Regulations, including relevant circulars issued by the SEBI from time to time. <BR> <BR> 2. The company is primarily engaged in the business of manufacturing of ‘Maize starch and its derivatives' and trading of maize. There are no separate reporting segment under Ind AS 108 “Operating Segments” notified under the companies (Indian Accounting Standard) Rules, 2015, as amended. <BR> <BR> 3. The Company has completed its Initial Public Offer (IPO) of 29,999,520 equity shares of face value Rs. 5 each at an issue price of Rs.102 per share (including a share premium of Rs. 97 per share). Pursuant to the IPO, the equity shares of the Company were listed on National Stock Exchange of India Limited (NSE) and Bombay Stock Exchange Limited (BSE) on August 20, 2025. The issue comprised of a fresh issue of 20,587,520 equity shares aggregating to Rs.2,099.93 millions and offer for sale of 9,412,000 equity shares by selling shareholders aggregating to Rs.960.02 millions. <BR> <BR> The total estimated IPO expenses of Rs. 333.00 millions (net of taxes) have been proportionately allocated between the selling shareholders and the Company in the proportion of equity shares sold by the selling shareholders and issued by the Company. The utilization of IPO proceeds (net of IPO expenses) is summarized below : <BR> Objectives as per Prospectus Amount to be utilised as per the prospectus Utilised Amount upto December 31, 2025 Unutilised amount upto December 31, 2025* <BR> Repayment and / or pre-payment, in full or in part, of our certain outstanding borrowings availed by our Company 1,590.00 1,581.08 8.92 <BR> General Corporate Purposes 281.40 276.23 5.17 <BR> Total Proceeds 1,871.40 1,857.31 14.09 <BR> <BR> *Net proceeds which were unutilised as at December 31, 2025 are temporarily kept in a designated special current bank account and Fixed Deposit of the Company. <BR> <BR> 4. The paid-up equity share capital and basic/diluted earnings per share have been adjusted and presented to reflect the effects of the share sub-division (face value revised from Rs 10 to Rs.5) and the bonus issue undertaken during the financial year ended 31 March 2025 (i.e., subsequent to September 30, 2024), in accordance with Ind AS 33 -Earnings per Share. <BR> <BR> 5. The above results were reviewed by the Audit Committee and approved by the Board of Directors at their respective meeting held on February 10, 2026. Limited review of the above unaudited financial results has been carried out by the Statutory Auditors, as required under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. <BR> <BR> 6. The figures for the quarter ended December 31, 2024 as reported in the Statement are the balancing figures between the audited figures for the interim financial statement for the nine months ended December 31, 2024 and the figures for the six months ended September 30, 2024 prepared by the management, which however have not been subjected to review by the statutory auditors since the requirement of submission of quarterly reviewed financial results is applicable on listing of equity shares of the Company, which was from quarter ended June 30, 2025. However, the management has exercised necessary care and diligence to ensure that the financial results for such period are fairly stated. <BR> <BR> 7. The Company has claimed/received subsidy as reimbursement of Goods & Service Tax subsidy (SGST reimbursement) under the Bihar Industrial Promotion Policy, 2016/2011 (State Government Policy) from April 2019 on sale of products which includes for supplies to certain distributors who were found to have made payment of IGST on subsequent interstate sales by utilizing SGST credit claimed on supplies by the Company during the period from April 2019 to September 2025, which is not in accordance with the Resolution No.108 dated 20.01.2020 issued by the department of Industries, as intimated by the department during the quarter and as such is refundable/reversable. However, in terms of the agreement entered into with certain distributors from time to time, Rs.104.64 Million is recoverable from the concerned distributors, due to breach of clause of the agreement for not utilizing the SGST credits to discharge IGST liabilities and the balance amount of Rs.66.57 Million has been provided during the quarter which is disclosed as Exceptional Item in these financial results. Although no demand has been received from the department till date but the above accounting is made as a matter of prudence. Accordingly, management is of the view that further impact, if any, is unlikely to be material on the financial results. <BR> <BR> 8. On November 21, 2025, the Government of India notified the four Labour Codes - the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 - consolidating 29 existing labour laws. The Ministry of Labour & Employment published draft Central Rules and FAQs to enable assessment of the financial impact due to changes in regulations. The Company has assessed the incremental impact of these changes on the basis of the best information available, consistent with the guidance provided by the Institute of Chartered Accountants of India and disclosed the incremental impact of Rs 4.55 millions under Employee Benefit Expenses. The Company continues to monitor the finalisation of Central / State Rules and clarifications from the Government on other aspects of the Labour Code and would provide appropriate accounting effects on the basis of such developments as needed. <BR> <BR> <BR> 2025-04-012025-12-31UnauditedStandalone88956200008720000890434000039305900002927240000-17053000022747000024583000011892000010403100008319830000584510000-66570000517940000937100003398000012769000003902500000000390250000248000039273000051362000054.234.19004.234.19Other Expenses378940000Other Expenses1040310000Remeasurement of the defined benefit plan16200001620000Remeasurement of the defined benefit plan332000033200004100008400000012100002480000Public Issues2025-08-2020999300002025-12-31trueCARE Ratings LimitedfalseNANANASaikat ChatterjeeChief Financial OfficerKolkata2026-02-10Repayment and/or prepayment, in full or part, of certain borrowings availed by the company.NA1590000000015810000000General Corporate PurposeNA28140000002752000000IPO issue related expenseNA22850000002181000000