Rashi Peripherals Board Approves Q1 FY27 Results, JV with Restar Corp, Dividend
Rashi Peripherals reported Q1 FY27 results, with profit after tax at ₹971.52 million standalone and ₹1,045.65 million consolidated. The Board approved a JV with Restar Corporation (Japan) for embedded business (RP 74%, Restar 26%) and revised investment limit in subsidiary to ₹150 Cr. The 37th AGM is on Sept 9, 2026, with a ₹2/share dividend proposed.
The formation of a joint venture with a strategic partner like Restar Corporation, along with the transfer of business and revised investment limits, signifies significant strategic shifts and potential for future growth, impacting the company's business structure and market position.
The announcement includes positive developments such as the approval of quarterly results, formation of a joint venture with a strategic partner, and a proposed dividend, indicating growth and shareholder returns.
Rashi Peripherals Limited's Board of Directors, in a meeting held on August 4, 2026, approved the unaudited financial results for the quarter ended June 30, 2026, both standalone and consolidated. The company also approved the transfer of its embedded business to Rashi Semiconductor Solutions Private Limited and Rashi Semiconductor Solutions Pte. Limited on a slump sale basis as part of a strategic business reorganisation. This move is subject to definitive agreements and necessary approvals.
Furthermore, the Board approved the formation of a strategic joint venture with Restar Corporation, Japan, for the embedded business through its wholly-owned subsidiary. The JV ratio will be 74% for Rashi Peripherals Limited and 26% for Restar Corporation. The investment limit in Rashi Semiconductor Solutions Private Limited was revised upwards to ₹150 Crores from ₹80 Crores.
The Board also approved convening the 37th Annual General Meeting (AGM) on September 9, 2026, at 12:30 p.m. IST via Video Conferencing. The recommended dividend of ₹2 per equity share (40%) for the financial year ended March 31, 2026, will be subject to shareholder approval at the AGM. The record date for dividend entitlement is August 14, 2026, and the cut-off date for e-voting is September 2, 2026.
Additionally, the company approved the allotment of 5,06,081 equity shares under the Rashi Peripherals Employee Stock Option Scheme, 2022. The paid-up share capital has consequently increased to ₹33,20,28,730.
The meeting commenced at 3:15 p.m. IST and concluded at 5:07 p.m. IST.
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