49th Annual Report of the Company for FY 2025-26.

Corporate Relations Department Date: 2nd September, 2026 BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai -400 001. REF: RCL:KS:BSE-49:AGM:AR/26 Dear Sir, Subject: 49th Annual Report of the Company for the Financial Year ended 31st March, 2026. Ref: Scrip Code: 500360. Pursuant to Regulation 34 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, please find enclosed herewith a copy of the 49th Annual Report of the Company for the Financial year ended 31st March, 2026 that is being sent to the shareholders. You are requested to take a note of the same. Thanking you, Yours faithfully, For RAPICUT CARBIDES LIMITED Kamlesh Shinde Company Secretary Rapicut Carbides Limited Regd. Office & Works: 719, GIDC Industrial Area, On National Highway BOM-AHM, Ankleshwar -393 002. Gujarat (India) Tel/Landl1ne: (+97) 7573022016, 7622002203 E-Mail: info@rapicutcarbides.com I sales@rapicutcarbides.com www.rapicutcarbides.com I www.rapicutcarbides.in CIN: L28910GJ1977PLC002998 PACKAGING & IDENTIFY BUSINESS DESPATCH REQ'S UNDERSTAND PACKAGING & CUSTOMER DESPATCH NEEDS Quality Policy TESTING & RAW MATERIAL FINAL PROCUREMENT INSPECTION PREVENTIVE & IN-PRORCESS CORRECTIVE MATERIAL ACTION INSPECTION Total Customer Satisfaction Shall Be Our Prime Corporate Objective. We Shall Achieve This Through Inculcating Team Spirit In Every Member Of The Company. The Spirit Of Excellence Is The Corner Stone Of All We Do.Quality With Us Is A Way Of Life. Value For Money To The Customer, Continuous Improvement And Moving Towards Zero Defect Is Our Consistent Endeavour. We Shall Continually Meet Statutory & Legal Requirement And Interested Party Requirement Along With Customer Requirement Abhishek V. Gami Chairman and Managing Director Tungsten Carbide Toolings All type of Industry Metal, Mining & Oil & Gas, Automotive Defence & Construction Energy & Power & Railway Aerospace t[f)fff ffl j Agriculture, Chemical, Electric & Paper, Printing, Food & Feed Medical & Pharma Electronics Plastic & Glass ~ W INDIA ENERGY WEEK ~ . FASTENER ' ...... FAIR INDIA Periodical Medical Checkup 49 years Celebration 2026 National Safety Week 2026 Yoga Day 2026 - -- - ------ ·_-.-_ Independence Day 2026 Republic Day 2026 Women's Day Celebration 2026 Meditation Retreat (Mount Abu} 2026 Meditation Training Session 2025 Rapicut Environment 2026 CONTENTS PageO Notice Page Board's Report Management Discussion & Analysis I PageJ Secretarial Audit Report PageJ4 Auditor's Report Page44 Balance Sheet Page45 Profit And Loss Account Page46 Cash Flow Page49 Notes to Accounts BOARD OF DIRECTORS Abhishek V. Gami Kishore D. Sharma Chairman & Managing Director Independent Director (Chairman w.e.f 16th May, 2025) Shruti A. Gami Atul R. Garg Non-Executive Director Independent Director Nrupang B. Dholakia Independent Director MANAGEMENT TEAM Kamlesh M. Shinde Balaram D. Markad Company Secretary & Compliance Officer Senior Technical Advisor (Plant & Operations) Pratham S. Pandya Pradeep B. Bagsariya Chief Financial Officer Deputy General Manager (w.e.f 10th August, 2026) (Sales & Marketing) REGISTRAR & SHARE TRANSFER AGENTS MUFG lntime India Private Limited C-101 , 247 Park, LBS Marg, Vikhroli West, Mumbai-400083. Tel : 022 49186000 / 49186270 Email ID : investor.helpdesk@in.mpms.mufg.com Website : in.mpms.mufg.com STATUTORY AUDITORS K C Mehta & Co LLP Chartered Accountants Vadodara. REGISTERED OFFICE & WORKS Rapicut Carbides Limited 119, GIDC Industrial Area, On National Highway BOM-AHM, Ankleshwar -393002, Gujarat (India) Tel/ Landline: (+91) 7573022016 / 7622002203 GIN : L2891 0GJl 977PLC002998 E-mail : info@rapicutcarbides.com I sales@rapicutcarbides.com Web : www.rapicutcarbides.com I www.rapicutcarbides.in Sales Network India Mumbai I Pune I Kolkata I Chennai I Delhi I Bangalore I Hyderabad I Jaipur I Ahmedabad I Surat BANKERS State Bank of India NOTICE 49th Annual General Meeting NOTICE is hereby given that the 49th Annual General Meeting ('AGM') of the Members of Rapicut Carbides Limited (' RCL') ('Company') will be held on Saturday, September 26, 2026 at 12.30 P.M. IST through Video Conferencing (VC) facility or Other Audio-Visual Means (OAVM), to transact the following businesses: Ordinary Business : 1. To consider and adopt the Audited Financial Statement of the Company for the Financial Year ended 31st March, 2026 along with the reports of the Auditors and the Board of Directors thereon and in this regard, to consider and if thought fit, to pass the following resolution as an Ordinary Resolution: “RESOLVED THAT the Audited Financial Statement of the Company for the financial year ended 31st March, 2026 and the reports of the Auditors and Board of Directors thereon, as circulated to the members, be and are hereby considered and adopted.” 2. To appoint Smt. Shruti A Gami (DIN: 08764442), who retires by rotation as a Director and being eligible, offers herself for re-appointment and in this regard, to consider and if thought fit, to pass the following resolution as an Ordinary Resolution: “RESOLVED THAT pursuant to Section 152 and other applicable provisions of the Companies Act, 2013, Smt Shruti A Gami (DIN: 08764442), who retires by rotation at this meeting, be and is hereby appointed as a Director of the Company.” 3. To appoint Statutory Auditors of the Company and fix their remuneration and in this regard, to consider and if thought fit, to pass the following resolution as an Ordinary Resolution: “RESOLVED THAT pursuant to the provisions of Section 139, 142 and other applicable provisions of the Companies Act, 2013 read with the Companies (Audit and Auditors) Rules, 2014 (including any statutory modification(s) or re- enactment thereof for the time being in force) and the recommendation by the Audit Committee of the Company and the Board of Directors of the Company, M/s S M R P & Associates, Chartered Accountant (ICAI Firm Registration No: 146255W) be and are hereby appointed as Statutory Auditors of the Company to hold office for a term of 5 (five) consecutive years from the conclusion of this Annual General Meeting till the conclusion of the 54th Annual General Meeting of the Company at a remuneration of Rs 5.00 Lakhs for Three financial years (excluding reimbursement of actual out of pocket expenses, Goods and Service Tax and fees for certification services) and with a further authority to the Board to fix remuneration of the Statutory Auditors for subsequent financial years on recommendation of the Audit Committee.” Special Business : 4. Increase in the Borrowing Limits of the Company and in this regard to pass the following resolution as a Special Resolution: "RESOLVED THAT pursuant to Section 180(1) (c) and any other applicable provisions of the Companies Act, 2013 read with the rules made there under, the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, (including any statutory modification(s) or re-enactment(s) thereof for the time being in force), the consent of the members be and is hereby accorded to the Board of Directors to borrow, from time to time, in any manner, such sum or sum of monies upon such terms and conditions and with or without security as the Board may in its absolute discretion think fit, in one or more tranches, in excess of the aggregate of the paid up share capital and free reserves and securities premium of the Company, notwithstanding the total amount borrowed and outstanding at any point of time, apart from temporary loans obtained/to be obtained from the Company's Bankers in the ordinary course of business, shall not, at any time, exceed Rs. 100 Crore (Rupees One hundred Crore). "RESOLVED FURTHER THAT pursuant to the provisions of Section 180(1)(a) and all other applicable provisions of the Companies Act, 2013, the consent of the members be and is hereby accorded to authorise the Board of Directors of the Company to sell, lease or otherwise dispose of wholy or substantially the whole of undertaking of the Compan [Showing first 8,000 characters — download PDF for full document]