RACL Geartech Limited — Board Meeting, 31-01-2025: Outcome of Board Meeting

The Board of Directors of RACL Geartech Ltd has announced a board meeting outcome highlighting significant developments. The Board approved the unaudited consolidated financial results for the quarter ended December 31, with a projected annual revenue of ₹525 crore for FY26, reflecting the current market dynamics. They assessed the challenges faced by KTM AG, a key customer, due to excess motorcycle inventory, which impacted Q3 performance, but remain optimistic about limited effects on long-term growth. Additionally, the Board plans to invest between ₹150 crore to ₹175 crore over the next three years for strategic goals and authorized the Financial Affairs Committee to explore funding options to raise ₹100 crore for capital optimization.