Ruchi Infrastructure Limited — Important, 05-02-2025: Updates

Incidents of copper cable theft from windmills in Madhya Pradesh, particularly in the Ratlam district, have significantly impacted power generation for Ruchi Infrastructure Limited. The company has experienced a 30-35% reduction in power output during the quarter ended December 31, 2024, compared to the same period in the previous year. Although the aggregate loss in revenue as of January 2025 is currently below the materiality threshold set by SEBI, the ongoing nature of these thefts may lead to material losses by the end of the financial year. The company is implementing technical and administrative measures to restore operations and mitigate further losses. Restoration costs are expected to be largely covered by operations and maintenance contracts and insurance policies. Investors should monitor the situation closely, as continued theft poses risks to revenue generation and operational efficiency.