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Rhetan TMT Proposes Expansion into Global Commodity Trading and Derivatives
Rhetan TMT Limited has issued a postal ballot notice to seek shareholder approval for a significant amendment to its Memorandum of Association. The company intends to diversify its operations by entering the commodity trading business, covering agricultural products, metals, energy, and bullion. This expansion includes physical trading as well as hedging and arbitrage through derivatives in both Indian and international markets. The e-voting period for this special resolution is scheduled from February 17 to March 18, 2026.
Key Highlights
Proposed addition of Clause III [A] (5) to the MoA to enable comprehensive commodity trading operations.
Business scope includes precious and base metals, minerals, energy products, and agricultural commodities.
Authorization sought for trading via spot, forward, futures, options, and other derivative contracts globally.
Remote e-voting period runs from February 17, 2026, to March 18, 2026, with results by March 20, 2026.
The cut-off date for eligibility to vote is February 13, 2026.
💼 Action for Investors
Investors should monitor the company's capital allocation strategy for this new segment, as commodity trading and derivatives carry higher risk profiles than core TMT manufacturing. Watch for management commentary on how this diversification will impact overall margins and working capital.
Rhetan TMT Board Approves MOA Amendment to Enter Commodity Trading Business
Rhetan TMT Limited's Board of Directors met on February 12, 2026, and approved a significant amendment to the company's Memorandum of Association (MOA). The amendment involves inserting a new main object clause to allow the company to venture into trading, hedging, and investing in various commodities. This includes precious metals, bullion, energy products, and agricultural commodities across physical and derivative markets. The expansion is subject to shareholder approval via a postal ballot e-voting process.
Key Highlights
Board approved the insertion of Clause III [A] (5) into the Main Object Clause of the MOA.
New business scope includes trading in metals, bullion, minerals, energy, and agricultural products.
Authorized to deal in physical forms as well as spot, forward, futures, and options contracts.
The diversification strategy covers both domestic and international commodity markets.
The amendment is pending final approval from shareholders through a postal ballot.
💼 Action for Investors
Investors should monitor the company's capital allocation towards this new segment and assess the potential impact on margins. It is advisable to wait for clarity on the scale of operations and risk management strategies for commodity trading.
Rhetan TMT Q3 Net Profit Surges 220% YoY to ₹4.45 Cr; Proposes Entry into Commodity Trading
Rhetan TMT reported a robust Q3 FY26 with net profit jumping 220% year-on-year to ₹4.45 crore, primarily driven by a significant spike in other income. While revenue from operations showed a slight 3.5% YoY decline to ₹6.15 crore, it grew 29% on a sequential basis. The company is also seeking shareholder approval via postal ballot to diversify its business into trading and hedging of various commodities, including metals and bullion. For the nine-month period ended December 2025, the company has already surpassed its full-year FY25 profit, reaching ₹8.08 crore.
Key Highlights
Net Profit for Q3 FY26 rose to ₹444.78 Lakh compared to ₹139.05 Lakh in Q3 FY25, a 220% increase.
Total Income for the quarter stood at ₹932.72 Lakh, bolstered by ₹317.24 Lakh in Other Income.
9M FY26 Net Profit reached ₹807.93 Lakh, nearly doubling the ₹446.55 Lakh recorded in the same period last year.
Board approved an amendment to the Memorandum of Association to include trading in agricultural and non-agricultural commodities, metals, and bullion.
Earnings Per Share (EPS) for the quarter improved to ₹0.06 from ₹0.02 in the previous year's corresponding quarter.
💼 Action for Investors
Investors should monitor the sustainability of the high 'Other Income' and the strategic execution of the proposed commodity trading business. The strong bottom-line growth is encouraging, but core manufacturing revenue growth remains a key metric to watch.
Rhetan TMT Q3 Net Profit Jumps 220% YoY to ₹4.45 Cr; Board Approves Commodity Trading Entry
Rhetan TMT reported a robust net profit of ₹444.78 Lakh for Q3 FY26, a 220% increase from ₹139.05 Lakh in Q3 FY25, despite a slight dip in operational revenue. The bottom line was significantly bolstered by 'Other Income' which rose to ₹317.24 Lakh during the quarter. Additionally, the company is diversifying its business model by entering the commodity trading sector, covering metals, minerals, and agricultural products. This strategic expansion will be finalized following a postal ballot for shareholder approval.
Key Highlights
Net Profit increased 220% YoY to ₹444.78 Lakh in Q3 FY26 from ₹139.05 Lakh.
Other Income spiked to ₹317.24 Lakh compared to just ₹0.50 Lakh in the same quarter last year.
Nine-month FY26 profit reached ₹807.93 Lakh, already surpassing the full-year FY25 profit of ₹494.90 Lakh.
Board approved a new business vertical for trading, importing, and hedging in various commodities including metals and energy.
Quarterly EPS tripled from ₹0.02 to ₹0.06 on a year-on-year basis.
💼 Action for Investors
The sharp rise in profit is encouraging, though heavily dependent on non-operational income this quarter; investors should monitor the execution of the new commodity trading segment as a growth driver.