Rolex Rings (Rolex) exhibited an improved performance in Q1FY26. The slowdown in their main segment of bearings is particularly impacting performance. Exports revenue for bearing rings and automotive components declined 21% and 15% YoY respectively owing to lower off take amid tariff related uncertainties. An important aspect to note is that of an audit qualification with qualified opinion of Rs2,278.6mn from the banks for Right to Recompense (RoR) against which the company has provided Rs506mn till date. The company has secured legal opinion and there remains a probability of...