Ratnaveer Precision Engineering Reports Q3 FY25 Results, Appoints New Independent Directors and Compliance Officer

Vadodara, January 28, 2025 – Ratnaveer Precision Engineering Limited (NSE: RATNAVEER, BSE: 543978) has announced its Q3 FY25 financial results, reporting stable revenue growth, while also approving three key leadership appointments, including two Independent Directors and a new Company Secretary & Compliance Officer.

Key Financial Highlights – Q3 FY25 (Standalone)​

For the nine months ended December 31, 2024 (9M FY25):

• Revenue: ₹688.77 crore (+51.6% YoY).
• Net Profit: ₹36.10 crore (+47.7% YoY).

Key Board Appointments​

1. Appointment of Mr. Umeshsinh Rathod as Independent Director
   • Term: Five years (January 28, 2025 – January 27, 2030).
   • Background: Chartered Accountant with 12 years of experience in Income Tax & GST Compliance.
2. Appointment of Mr. Vimalbhai Bokadia as Independent Director
   • Term: Five years (January 28, 2025 – January 27, 2030).
   • Background: Executive Director at Nageshwar Steels Private Limited, with over 30 years of experience in the ferrous and non-ferrous metals industry.
3. Appointment of Mr. Umang Lalpurwala as Company Secretary & Compliance Officer
   • Effective Date: January 28, 2025.
   • Background: Qualified Company Secretary & Law Graduate with seven years of experience in corporate governance and compliance.

Strategic Announcements & Governance Enhancements​

• Shareholder Approval: The appointments of Independent Directors are subject to shareholder approval via special resolution within three months.
• Corporate Compliance: The company is aligning with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency in governance.

Management Commentary​

Vijay Sanghavi, Managing Director, Ratnaveer Precision Engineering Limited, stated:
"Our strong Q3 FY25 performance reflects sustained demand across key segments. With the appointment of experienced Independent Directors and a new Compliance Officer, we are strengthening corporate governance and operational efficiency."

Strategic Outlook & Industry Trends​

• Growth in stainless steel precision engineering solutions across domestic and export markets.
• Increased investment in automation and high-precision manufacturing.
• Enhanced compliance & governance measures to support investor confidence.

With robust revenue growth, leadership strengthening, and operational efficiency improvements, Ratnaveer Precision Engineering is well-positioned for long-term expansion and market leadership.