The Board of Directors of Ratnaveer Precision Engineering Limited, in their meeting held on June 11, 2026, has approved a proposal to raise funds through a Rights Issue. The company plans to issue fully paid-up equity shares with a face value of ₹10.00 each for cash, aggregating up to ₹330.00 Crores, to eligible equity shareholders on a record date to be determined later. Additionally, the Board has formed a “Rights Issue Committee” to finalize critical details such as the issue price, exact number of shares, and the rights entitlement ratio.

Ratnaveer Precision Engineering Limited is a Vadodara-based company specializing in the manufacture and export of premium stainless steel products, including washers, solar mounting hooks, tubes, pipes, and stainless steel wire. The company operates a vertically integrated manufacturing model, managing processes from scrap melting to the production of high-precision components. In 2025, the company focused on expanding its product portfolio, notably through the completion of Phase I capital expenditure which increased its production capacity to 53,194 MTPA and the commencement of commercial production for fasteners and circlip products. Furthermore, the company successfully raised ₹185.50 Crores through a Qualified Institutional Placement (QIP) in December 2025 to support its growth initiatives.

As of the last reported financial results for the 2025-2026 fiscal year, Ratnaveer Precision Engineering Limited demonstrated strong growth momentum. For the quarter ending in 2026, the company reported revenue of ₹256.29 Crores and a net profit of ₹17.03 Crores. Compared to the same period in the previous year, the revenue grew by 25.18%, while net profit saw a significant increase of 59.01%. Regarding shareholding, the company is primarily promoter-led, with Vijay Ramanlal Sanghavi holding a significant stake.