Rudra Global Infra Products Ltd Management Discussions

Steel is a cornerstone and key driver for the worlds economy. Steel has been an important ingredient for economic growth. Steel has uses in various sectors viz. infrastructure, automobile, manufacturing, construction, etc. and thus, steel is an important factor driving Indias GDP growth.

Total performance of steel industry was tremendous in India. Huge scope for growth is offered by Indias comparatively low per capita steel consumption and the expected rise in consumption due to increased infrastructure construction and the thriving automobile and railways sectors. As per the Joint Plant Committee (JPC), Ministry of Steel, Government of India, the Indian steel industry continued to demonstrate strong growth during FY 2025-26. Crude steel production increased from 151.14 million tonnes in FY 2024-25 to 169.40 million tonnes in FY 2025-26, reflecting a growth of 12.08%. Finished steel production also increased from 145.31 million tonnes to 161.96 million tonnes, while finished steel consumption rose from 150.23 million tonnes to 164.20 million tonnes, indicating sustained domestic demand. During the year, finished steel exports increased from 4.858 million tonnes to 6.60 million tonnes, whereas finished steel imports declined from 9.532 million tonnes to 6.52 million tonnes, reflecting an improvement in the countrys steel trade balance.

Economically Financial year 2025-26 was good for the Company, as company earned Net profit of Rs.1351.90 Lakh and T/o of the Company is 62419.13 Lakh;

Our Company, incorporated in 2010, was listed on BSE Limited in 2015. During the year under review, the Companys equity shares were also listed on the National Stock Exchange of India Limited (NSE) and admitted to dealings on the Exchange with effect from December 19, 2025. The Company is engaged in the manufacturing of superior quality TMT bars and billets and is certified under ISO 14001:2004, ISO 9001:2008 and BS OHSAS 18001:2007. The registered office of the Company is situated at Plot No. D/60, "Rudra House", 2nd Floor, Near Ramamntra Mandir, Kaliabid, Bhavnagar - 364002, Gujarat, India.

Our Company "RUDRA GLOBAL INFRA PRODUCTS LIMITED" forms part of the esteemed Rudra Group. Rudra Group is promoted by a team of young entrepreneurs and experienced veterans with proven track records. The group started its journey in 1991 with a steel re-rolling mill having modest capacity of around 1000 MT per month. Today, the group is engaged in various backward & forward integrated businesses like Ship Recycling, Induction Furnace, Re-rolling mill, producing more than 1.25 Lakhs MT per annum of steel, with a group turnover of around Rs. 800 Crore per annum. Fulfilling its objective of consistent growth in quality steel manufacturing, our Company has launched its premiere TMT Brand "Rudra TMX" manufactured from premium quality billets.

While the industry faces challenges such as volatility in raw material prices, fluctuations in global trade policies, geopolitical conflicts and uncertainties in global trade, and heightened competition from imports, the Company remains confident of sustaining growth through operational efficiency, quality assurance, and a diversified customer base. Our strategic focus remains on maintaining healthy profitability, strengthening backward integration, and exploring export opportunities to leverage our enhanced production capacity.

In view of these factors, the Company expects to aims to sustain growth in turnover and profitability, subject to market conditions and external factors." over the medium to long term, while continuing to focus on sustainability, cost optimization, and value creation for all stakeholders.

Our Company is engaged in the manufacturing of TMT bars and Billets. Irrespective of worst economic Situation, number of competitors the overall demand of our products is high on account of superior quality and overall performance of our Company has improved during the current year in comparison with the earlier performance. The gross turnover of the company for the Financial Year ended March 31, 2026 and its product wise comparison with previous Financial Year is given below:

The development of the company would depend on overall macro and micro economic policy of the Government. The rapid technological advancement requiring huge investments is another area of concern for the company.

The industry has vast opportunities for expansion to meet up the increasing demand. As mentioned above, Irrespective of worst economic Situation and number of competitors the overall demand of our companys products is high hence, the company can take benefit of this opportunity. In addition to this, various thrusts to industrialization (Make in India) and infrastructure development given by our Government, the overall demand for steel products is certainly going to increase. With already established brand and quality, the company will certainly reap benefits of these policies.

The following factors have been considered for determining the materiality of Threat/Risk Factors:

1. General economic and business conditions in the markets in which we operate and in the local, regional, national and international economies;
2. Changes in laws and regulations relating to the sectors/areas in which we operate;
3. Major change in policy and/or practice of road transport.

The Revenue of the company for the year ended March 31, 2026 was Rs.62282.91 Lakh as against Rs. 56079.17 Lakh of previous year. The EBT for the year under review was Rs.2004.63 Lakh as compared to EBT of Rs. 1641.14 Lakh for the preceding year.

Your Company has well-established and robust internal control systems in place which are commensurate with the nature of its businesses, size & scale and complexity of its operations. Roles and responsibilities are clearly defined and assigned. Standard operating procedures are in place and have been designed to provide a reasonable assurance. Your Company has carried out the evaluation of design and operating effectiveness of the controls to ensure adherence to the Standard operating procedures and noted no significant deficiencies/material weaknesses.

The Audit Committee reviews the adequacy and effectiveness of internal control systems and provides guidance for further strengthening them.

Statements in the Management Discussions and Analysis Report in regard to projections, estimates and expectations may be "forward looking statement" within meaning of applicable securities laws and regulations. Many unforeseen factors may come into play and affect the actual results, which would be different from what directors envisage in terms of future performance and outlook. Market data and product information contained in this report have been based on information gathered from various sources such as various published and un-published reports.

The total employee strength of the Company as on March 31, 2026 was 77, given the nature of the operations, a significant portion of the said employee strength comprises of technical and skilled employees and other unskilled employees. Your management takes pride in stating that there were no instances of strikes, lockouts or any other action on part of the employees that affected the functioning of the Company. This fact shows the concern of the company towards its real assets the workforce.

Details of significant changes (i.e. changes of 25% or more as compared to the immediately previous financial year) in key financial ratios, along with detailed explanations thereof, including: