Announcement • May 26
Risa International Limited to Report Q4, 2026 Results on May 29, 2026 Risa International Limited announced that they will report Q4, 2026 results on May 29, 2026 Announcement • Feb 07
Risa International Limited to Report Q3, 2026 Results on Feb 11, 2026 Risa International Limited announced that they will report Q3, 2026 results on Feb 11, 2026 New Risk • Nov 13
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -₹47m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₹47m free cash flow). Share price has been highly volatile over the past 3 months (11% average weekly change). Negative equity (-₹39m). Earnings have declined by 15% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (₹113.2m market cap, or US$1.28m). Announcement • Nov 08
Risa International Limited to Report Q2, 2026 Results on Nov 12, 2025 Risa International Limited announced that they will report Q2, 2026 results on Nov 12, 2025 New Risk • Aug 29
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Negative equity (-₹36m). Earnings have declined by 8.2% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (₹108.5m market cap, or US$1.24m). Minor Risk Share price has been volatile over the past 3 months (6.6% average weekly change). Announcement • Aug 14
Risa International Limited, Annual General Meeting, Sep 22, 2025 Risa International Limited, Annual General Meeting, Sep 22, 2025, at 13:30 Indian Standard Time. Announcement • Aug 09
Risa International Limited to Report Q1, 2026 Results on Aug 13, 2025 Risa International Limited announced that they will report Q1, 2026 results on Aug 13, 2025 New Risk • May 31
New major risk - Negative shareholders equity The company has negative equity. Total equity: -₹36m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Negative equity (-₹36m). Earnings have declined by 1.3% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (₹132.4m market cap, or US$1.55m). Announcement • May 29
Risa International Limited Announces Resignation of Arihant Jain Suresh as Whole-Time Director, Effective 2 June, 2025 Risa International. Ltd. announced that the Board of Directors of the Company, in their meeting held on May 29, 2025 announced Resignation of Arihant Jain Suresh, Whole-time Director (DIN: 03288261) with effect from 2nd June, 2025. Announcement • May 21
Risa International Limited to Report Q4, 2025 Results on May 29, 2025 Risa International Limited announced that they will report Q4, 2025 results on May 29, 2025 Announcement • Jan 28
Risa International Limited to Report Q3, 2025 Results on Feb 05, 2025 Risa International Limited announced that they will report Q3, 2025 results on Feb 05, 2025 Announcement • Dec 01
Risa International Limited Announces the Cessation of Vipin Champavat as Non-Executive Independent Director Risa International Limited announced that the terms of Mr. Vipin Champavat as Non-Executive Independent Directors of the Company has ended due to efflux of time under Section 149 (11) of the Companies Act, 2013. Consequently, Mr. Vipin Champavat have ceased to be Independent Director of the Company with effect from 13 November 2024. Announcement • Oct 21
Risa International Limited to Report Q2, 2025 Results on Oct 28, 2024 Risa International Limited announced that they will report Q2, 2025 results on Oct 28, 2024 New Risk • Sep 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 22% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (₹167.5m market cap, or US$1.99m). Minor Risk Share price has been volatile over the past 3 months (8.0% average weekly change). Announcement • Sep 05
Risa International Limited, Annual General Meeting, Sep 27, 2024 Risa International Limited, Annual General Meeting, Sep 27, 2024, at 13:30 Indian Standard Time. Announcement • Aug 02
Risa International Limited to Report Q1, 2025 Results on Aug 08, 2024 Risa International Limited announced that they will report Q1, 2025 results on Aug 08, 2024 Announcement • May 20
Risa International Limited to Report Q4, 2024 Results on May 27, 2024 Risa International Limited announced that they will report Q4, 2024 results on May 27, 2024 Announcement • Jan 26
Risa International Limited to Report Q3, 2024 Results on Feb 03, 2024 Risa International Limited announced that they will report Q3, 2024 results on Feb 03, 2024 Buying Opportunity • Jan 09
Now 20% undervalued Over the last 90 days, the stock is up 94%. The fair value is estimated to be ₹1.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Buying Opportunity • Dec 21
Now 22% undervalued Over the last 90 days, the stock is up 78%. The fair value is estimated to be ₹1.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. New Risk • Dec 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 1.3% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (₹126.0m market cap, or US$1.51m). Minor Risk Share price has been volatile over the past 3 months (7.3% average weekly change). New Risk • Nov 10
New major risk - Revenue and earnings growth Earnings have declined by 1.3% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 1.3% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (₹87.7m market cap, or US$1.05m). Announcement • Nov 01
Risa International Limited to Report Q2, 2024 Results on Nov 08, 2023 Risa International Limited announced that they will report Q2, 2024 results on Nov 08, 2023 Announcement • Aug 26
Risa International Limited Appoints Preeti Jayesh Doshi as an Independent Director Risa International Limited announced at annual general meeting held on August 24, 2023, the shareholders approved regularization/appointment of Mrs. Preeti Jayesh Doshi as an Independent Director of the Company. Announcement • Jul 29
Risa International Limited Announces Resignation of Priya Jain Arihant as Director Risa International Limited announced that the company has received resignation letter dated 28 July 2023 from Priya Jain Arihant from the post of director of the company with effect from 28 July 2023 due to pre-occupation in other assignment. Announcement • May 20
Risa International Limited to Report Q4, 2023 Results on May 27, 2023 Risa International Limited announced that they will report Q4, 2023 results on May 27, 2023 Announcement • Feb 12
Risa International Limited Announces Executive Changes, Effective February 12, 2023 Risa International Limited announced that Board of Directors of the Company at its meeting held on February 11, 2023 considered the following: Resignation of Mrs. Aakansha Khandelwal from the post of Company Secretary and Compliance Officer of the Company with effect from February 12, 2023. Appointment of Mrs. Sarita Mishra in the post of Company Secretary and Compliance Officer of the Company with effect from February 12, 2023. Mrs. Sarita Mishra is a qualified Company Secretary, She has knowledge and experience in corporate legal & Secretarial services e.g. the Companies Act, 2013, SEBI (LODR) Regulation, 2015, SEBI (ICDR) Regulation etc. Announcement • Feb 03
Risa International Limited to Report Q3, 2023 Results on Feb 11, 2023 Risa International Limited announced that they will report Q3, 2023 results on Feb 11, 2023 Board Change • Nov 21
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Additional Non-Executive Independent Director Suryakant Kadakane was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 03
Risa International Limited to Report Q2, 2023 Results on Nov 11, 2022 Risa International Limited announced that they will report Q2, 2023 results on Nov 11, 2022 Announcement • Sep 03
Risa International Limited, Annual General Meeting, Sep 27, 2022 Risa International Limited, Annual General Meeting, Sep 27, 2022, at 12:30 Indian Standard Time. Agenda: To receive, consider and adopt the Audited Financial Statement of the Company for the year ended 31st March, 2022 together with the Report of the Board of Directors and Auditors thereon; To appoint a Director in place of Mr. Arihant Jain (DIN: 03288261) who retires by rotation and being eligible offers himself for reappointment. Announcement • May 20
Risa International Limited to Report Q4, 2022 Results on May 28, 2022 Risa International Limited announced that they will report Q4, 2022 results on May 28, 2022 Board Change • May 02
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Chairman of the Board Vipin Champawat was the last independent director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Feb 04
Risa International Limited Appoints Aakansha Khandelwal as Company Secretary and Compliance Office Risa International Limited announced that Ms. Aakansha Khandelwal has been appointed as Company Secretary (CS) and Compliance Office of the Company with effect from 03 February, 2022. Professional Qualification: CS. Experience: 04 (Years). 
