The Board of Directors of Ratnaveer Precision Engineering Limited has made significant leadership appointments alongside their rights issue approval. Mrs. Seema Sanghavi has been appointed as Whole Time Director for a five-year term starting August 20, 2026. Mrs. Sanghavi, who has served the company as Chief Sales Co-ordinator, brings expertise in sales and marketing to her new role. Her remuneration will be fixed subject to shareholder approval at the ensuing Annual General Meeting. The company has also appointed M/s. Bhadresh K Mehta & Co as Internal Auditor for FY27, a firm specializing in financial accounting, banking, business planning, and legal compliance. Additionally, M/s. Ashish Bhavsar & Associates has been named Cost Auditor for the same period, founded by CMA Ashish Bhavsar in Ahmedabad.
The Board of Directors of Ratnaveer Precision Engineering Limited approved the launch of a ₹329.99 crore rights issue at their meeting held on August 20, 2026, conducted via video conferencing between 3:00 PM and 5:00 PM. The rights issue comprises 1,24,99,669 equity shares at an issue price of ₹264 per share, including a premium of ₹254 per share. The rights entitlement has been fixed at 7 equity shares for every 40 equity shares held, with the record date set as 26 August, while the issue opening date will be announced later.
The company plans to utilize the funds to strengthen its capital base and support ongoing growth and expansion initiatives. The funds will specifically support the ₹472.34 crore Copper Clad Laminate (CCL) project, which is targeted for commercial production in November 2026. The project represents a significant expansion initiative for the company's manufacturing capabilities in the precision engineering sector.
The board has approved the reappointment of M/s. Pankaj R Shah & Associates as Statutory Auditors for a second consecutive term of five years. This appointment requires shareholder approval at the upcoming AGM. Established in 1977, Pankaj R Shah & Associates is a peer-reviewed firm with over 100 professionals. These appointments were made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The details were communicated to the National Stock Exchange of India Limited and BSE Limited on August 20, 2026.
According to LiveMint, EBITDA stood at ₹36 crore, translating into an EBITDA margin of 11.3%, while profit after tax (PAT) increased 21% YoY to ₹18.2 crore. Vijay Sanghavi, Managing Director and CFO of Ratnaveer Precision Engineering, stated that the company has begun FY27 on a positive note, supported by continued momentum across its core businesses and progress on key strategic initiatives.
As reported by LiveMint, Ratnaveer Precision Engineering's share price jumped nearly 5% to hit a new 52-week high at ₹282.50 apiece on BSE, with the stock touching an intraday low of ₹267.60 per share. The stock has delivered strong returns across multiple timeframes, gaining nearly 20% in one week, over 34% in two weeks and 56% in the past month. Over the longer term, it has risen 48.48% in three months, 67.65% in six months and 79.65% on a year-to-date basis. The stock was last trading at ₹269.10 on BSE, with a total of 410,312 shares traded across 4,078 trades during the day, hitting an intraday high of ₹270.20.
