Rectitude Holdings Ltd. Files 2024 Annual Report

TL;DR

Rectitude Holdings Ltd. filed its 2024 20-F, check it out.

AI Summary

Rectitude Holdings Ltd. filed its annual report on Form 20-F for the fiscal year ended March 31, 2024. The company, incorporated in the Cayman Islands and operating from Singapore, is involved in the CUTLERY, HANDTOOLS & GENERAL HARDWARE industry. The filing was made on July 26, 2024, under SEC file number 001-42133.

Why It Matters

This filing provides investors and stakeholders with the company's official financial performance and operational overview for the past fiscal year, crucial for understanding its current standing and future prospects.

Risk Assessment

Risk Level: low — This is a standard annual report filing with no immediate red flags or significant new disclosures that would indicate a change in risk.

Key Numbers

• 20240331 — Fiscal Year End (The period covered by the annual report.)
• 20240726 — Filing Date (The date the 20-F was submitted to the SEC.)

Key Players & Entities

• Rectitude Holdings Ltd. (company) — Filer of the 20-F
• 0001013762-24-001694 (dollar_amount) — Accession Number for the filing
• 20240726 (dollar_amount) — Filing date
• 001-42133 (dollar_amount) — SEC File Number
• 35 Tampines Industrial Avenue 5 (dollar_amount) — Principal executive office address
• Singapore (dollar_amount) — Principal executive office city
• Chan Yong X (person) — Mentioned in the filing document

FAQ

Key Financial Figures

• $0.0001 — registered Ordinary shares, par value $0.0001 RECT Nasdaq Capital Market Securities
• $ — re, a statutory body under the MOM. "US$," or "USD" or "United States Dollars" m
• $1.3475 — year ended March 31, 2024 were made at S$1.3475 to US$1.00 and, the exchange rate set f
• $1.00 — rch 31, 2024 were made at S$1.3475 to US$1.00 and, the exchange rate set forth in the
• $5.8 million — March 31, 2024, we had inventories of S$5.8 million and S$6.2 million respectively. Our rev
• $6.2 million — e had inventories of S$5.8 million and S$6.2 million respectively. Our revenue relies on cus

Filing Documents

• ea0209063-20f_rectitude.htm (20-F) — 1674KB
• ea020906301ex2-1_rectitude.htm (EX-2.1) — 66KB
• ea020906301ex12-1_rectitude.htm (EX-12.1) — 9KB
• ea020906301ex12-2_rectitude.htm (EX-12.2) — 9KB
• ea020906301ex13-1_rectitude.htm (EX-13.1) — 3KB
• ea020906301ex13-2_rectitude.htm (EX-13.2) — 3KB
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• 0001013762-24-001694.txt ( ) — 8834KB
• rect-20240331.xsd (EX-101.SCH) — 77KB
• rect-20240331_cal.xml (EX-101.CAL) — 60KB
• rect-20240331_def.xml (EX-101.DEF) — 283KB
• rect-20240331_lab.xml (EX-101.LAB) — 497KB
• rect-20240331_pre.xml (EX-101.PRE) — 278KB
• ea0209063-20f_rectitude_htm.xml (XML) — 935KB

Item 18

Item 17 Item 18 If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Securities Exchange Act of 1934). Yes No (APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PAST FIVE YEARS) Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court. Yes No Table of Contents Page PART I 1 Item 1. Identity of Directors, Senior Management and Advisers 1 Item 2. Offer Statistics and Expected Timetable 1 Item 3. Key Information 1 Item 4. Information on the Company 18 Item 4A. Unresolved Staff Comments 43 Item 5. Operating and Financial Review and Prospects 43 Item 6. Directors, Senior Management and Employees 63 Item 7. Major Shareholders and Related Party Transactions 71 Item 8. Financial Information 73 Item 9. The Offer and Listing 73 Item 10. Additional Information 74 Item 11.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 88 Item 12.

Description of Securities Other than Equity Securities

Description of Securities Other than Equity Securities 88 PART II 89 Item 13. Defaults, Dividend Arrearages and Delinquencies 89 Item 14. Material Modifications to the Rights of Security Holders and Use of Proceeds 89 Item 15.

Controls and Procedures

Controls and Procedures 89 Item 16. [Reserved] 90 Item 16A. Audit Committee Financial Expert 90 Item 16B. Code of Ethics 90 Item 16C. Principal Accountant Fees and Services 90 Item 16D. Exemptions from the Listing Standards for Audit Committees 91 Item 16E. Purchases of Equity Securities by the Issuer and Affiliated Purchasers 91 Item 16F. Change in Registrant's Certifying Accountant 91 Item 16G. Corporate Governance 91 Item 16H. Mine Safety Disclosure 91 Item 16I. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections. 91 Item 16J. Insider Trading Policies 91 Item 16K. cybersecurity 91 PART III 92 Item 17.

Financial Statements

Financial Statements 92 Item 18.

Financial Statements

Financial Statements 92 Item 19. Exhibits 92 i INTRODUCTION Except where the context otherwise requires and for purposes of this annual report only the term: "ALS" means Alturan Supplies Pte. Ltd., a company incorporated in Singapore on September 15, 2009, and a wholly owned subsidiary of our Company. "Amended and Restated Memorandum and Articles of Association" means collectively the Amended and Restated Memorandum of Association and Amended and Restated Articles of Association. "Amended and Restated Articles of Association" means the amended and restated articles of association of our Company adopted on October 3, 2023, as amended from time to time. "Amended and Restated Memorandum of Association" means the amended and restated memorandum of association of our Company adopted on October 3, 2023, as amended from time to time. "Business Day" means a day (other than a Saturday, Sunday or public holiday in the U.S.) on which licensed banks in the U.S. are generally open for normal business to the public. "CAGR" means compound annual growth rate. "Chinese Yuan" means the lawful currency of the People's Republic of China. "Company," "our Company," or "Rectitude Cayman" means Rectitude Holdings Ltd, a exempted company incorporated in the Cayman Islands with limited liability on June 1, 2023. "Companies Act" means the Companies Act (As Revised) of the Cayman Islands. "COVID-19" means the Coronavirus Disease 2019. "Directors" means the directors of our Company as at the date of this annual report, unless otherwise stated. "Exchange Act" means the United States Securities Exchange Act of 1934, as amended. "Executive Directors" means the executive Directors of our Company as at the date of this annual report, unless otherwise stated. "Executive Officers" means the executive officers of our Company as at the date of this annual report, unless otherwise stated. "Group," "our Group," "we," "us," or "our" means our Company and its subsidiaries or any of

View Full Filing

View this 20-F filing on SEC EDGAR