Reply to Clarification- Financial results

(01284) 2641-94 / 96/97/98 info@rajnandinimetal.comEy RAJNANDINI METAL LIMITED www.rajnandinimetal.com fa} CIN : L51109HR2010PLC040255 Date: July 04, 2025 The Manager — Listing Department National Stock Exchange of India Exchange Plaza, 5 Floor, Plot No. C/1 G Block Bandra Kurla Complex, Bandra (East), Mumbai — 400051 SYMBOL: RAJMET ISIN: INEO0KV01022 Subject- Reply for the Clarification on Financial Results Dear Sir/ Madam, This reply is with reference to the clarification sought for financial results by your good Stock Exchange vide email dated July 01, 2025, we hereby submit our reply as follows: Point No.-1 Machine Readable Form / Legible copy of Financial Results not submitted Our Clarification 2T 9h ,e 2C 02o 5m .p a Tn hy Cha os ys ub ofm i tt ht ee d est uh le sM a isc h ei nn ce lo- sR ee da d ha eb rl ee itF ho rm fo/ L re eg fi erb el ne ec o ap ny o rf cF oi rn da sn .c ial Results as on May Point No. 2 Segment details not submitted Our Clarification T ptc o eh o re p C p o IeC m Nro Dp am w np i Ar ia Se en s s,y 0b 8(ah Ia s ns e ad rd i ao nn o l n oy tA cgo u acn pi oe pd u li n inr t cge i p bno lp gr er t .ia n Sb c tl i ae p nl dep asr r i dm g sia )vr ey n R ulb i eu n , s i In n 2e d 0 s 1s 5A .S se A1g c0m c8e o n r"t dO ip ni e g. re l. a, y t ,i M na tgn h u e f sa e dc g imt sceu lnr oti ssn u"g r e na on rtd ei qf uis e iu d rp ep mpl euy nri tsn sug a n ao t sf You are requested to take the above on record. Yours faithfully, For RayiRaidivnte nMe tal Limited : Nese Company Secretary Yogender Kumar Sharma Company Secretary HA WIRES & CABLES Registered Address : Plot No. 344, Sector 3, Phase -l, IMT Bawal-123501 (Haryana) (INDIA) (01284) 2641-94 / 96/97/98 info@rajnandinimetal.com 5X RAJNGNDINI METAL LIMITED www.rajnandinimetal.com CIN : L51109HR2010PLC040255 Date: May 29, 2025 The Manager — Listing Department National Stock Exchange of India Exchange Plaza, 5" Floor, Plot No. C/1 G Block Bandra Kurla Complex, Bandra (East), Mumbai — 400051 SYMBOL: RAJMET ISIN: INE00KV01022 Subject: Outcome of Board Meeting held on May 29, 2025 Pursuant to Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015, this is to inform you that the Board of Directors of the Company in their meeting held on May 29, 2025 (started at IST 05:30 PM) have inter — alia transacted the following businesses: 1. Approved the Audited Financial Results of the Company for the quarter and year ended March 31, 2025 along with Statement of Assets and Liabilities and Statement of Cash Flows as on March 31, 2025; 2. Independent Auditor's Report on Audited Financial Results of the Company for the year ended March 31, 2025 3. Statement on Impact of Audit Qualifications for Audit report with modified opinion on Audited financial results for the year ended March 31, 2025. The Board Meeting concluded at IST 09: 40 PM The above information is also available on the website of the Company: www.rajnandinimetal.com. You are requested to kindly take the above on record. Yours faithfully, For Rajnandi \ Metal Limiged Director Manoj Kumar Jangir CFO & Director ‘DIN-08069170 RMI. MA WIRES & CABLES Registered Address : Plot No. 344, Sector 3, Phase «Il, IMT Bawal-123501 (Haryana) (INDIA) KAPG & ASSOCIATES INDIA CHARTERED ACCOUNTANTS Independent Auditor's Report on Quarterly and Year to Date Standalone Audited Financial Results of Rajnandini Metal Limited pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended. To The Board of Directors of Rajnandini Metal Limited 1. Qualified Opinion We have audited the accompanying Statement of quarterly and year to date standalone financial results (the “Statement”) of Rajnandini Metal Limited ("the Company"), for the quarter and year ended March 31, 2025, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended from time to time ( the "Listing Regulations"). In our opinion and tothe best of our information and according to the explanations given to us , except for the effects of the matter described in the Basis for the Qualified Opinion section, Emphasis of matters and other matters of our Report, the statement: i, is presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard ; and ii. gives a true and fair view in conformity with the applicable Indian Accounting Standards (‘Ind AS’) specified under Section 133 of the Companies Act, 2013 (“the Act”) and other accounting principles generally accepted'in India, of the net profit and other comprehensive income and other financial information of the Company for the quarter ended March 31, 2025 as well as year to date results for the period from April 1, 2024 to March 31, 2025. 2. Basis for Qualified Opinion 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. Pending 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. GEASS 2 WWW.CAKAPG.COM D»] KAPGASSOCIATES@GMAIL.cOM w M. : 9953246276, 9718167207, 011-40204449 @ D-'7/315, SECTOR-6, ROHINI, DELHI-1 10085, BRANCH OFFICE : Mumaal BANGALORE MATHURA We conducted our audit in accordance with the Standards on Auditing (SA) specified under section 143(10) of the Act. Our responsibilities under those Standards are further described in the ' Auditor's Responsibilities for the Audit of the Statement section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion on the Statement except as stated otherwise elsewhere in this Report. Management's Responsibilities for the Statement This Statement has been prepared on the basis of the Audited Standalone Annual Financial Statements and has been approved by the Company's Board of Directors. The Company's Board of Directors are responsible for the preparation and presentation of the Statement that gives a true and fair view of the net profit or loss and other comprehensive income or loss and other financial information of the Company in accordance with the accounting principles generally accepted in India, including Ind AS prescribed under Section 133 of the Act, read with relevant rules issued thereunder and other accounting principles generally accepted in India, and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and comp [Showing first 8,000 characters — download PDF for full document]