Ratnaveer Precision Engineering Limited
Ratnaveer Precision Engineering is engaged in the manufacturing and selling of diverse range of SS products.
What Ratnaveer files
- Others93
- Board Meeting15
- Updates14
- Important13
- Investor Meet10
- QIP/Rights/Pref.3
Ratnaveer Precision Engineering announced its 24th Annual General Meeting. A cutoff date has been set for shareholders to determine eligibility for the meeting.
Ratnaveer Precision Engineering announced a Rights Issue of 1.25 Cr shares at ₹264/share to raise ₹329.99 Cr. Funds will enhance working capital (₹255 Cr) and general corporate purposes (₹72.99 Cr). Major business development: new Copper Clad Laminates plant (80 lakh sheets/annually) for electronics and automotive.
Ratnaveer reported strong Q1 FY27: Revenue at ₹314.64 Cr (up 18.9% YoY) and PAT at ₹18.24 Cr (up 22.0% YoY). Its Copper Clad Laminate project is 60% complete, targeting November 2026 commercial production for import substitution. Rights Issue of ₹330 Cr approved for expansion.
Ratnaveer's Q1 financials showed Revenue ₹314.64 Cr, EBITDA ₹35.98 Cr, PAT ₹18.24 Cr. Its key Copper Clad Laminate (CCL) project is 60% complete, targeting commercial production soon. The company also got approval for a ₹330 Cr Rights Issue and a credit rating upgrade.
Ratnaveer Precision Engineering received in-principal approval from NSE & BSE for its proposed Rights issue, aggregating up to Rs. 330 Cr. This greenlights the company to raise capital from existing shareholders.