Rajratan Global Wire plans solar power investment, amends foundational documents

Rajratan Global Wire Limited's board of directors approved a significant investment and amendments to its Memorandum and Articles of Association (MOA and AOA) on October 30, 2025. The company will invest up to INR 2 crores in the paid-up share capital of a solar power generating company, with the shareholding percentage aligned with the Electricity Act for Group Captive Consumption. This strategic move aims to facilitate electricity generation and captive consumption through non-fossil sources.

The board also approved amendments to the MOA and AOA, aligning with Electricity Rules 2005. These changes authorize the company to engage in activities related to electricity generation and captive consumption, specifically from non-fossil sources such as solar and wind power. These amendments are subject to shareholder approval.

The unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2025, were reviewed and approved. For the half-year, standalone revenue from operations was INR 34,844 lakhs, with a net profit of INR 2,309 lakhs. Consolidated revenue from operations was INR 54,068 lakhs, with a net profit of INR 3,407 lakhs. The trial run of the Greenfield Project at Chennai was completed in April 2025, with all manufacturing and operating expenses charged to the Statement of Profit and Loss for the half year ended September 30, 2025.