Unaudited Standalone & consolidated Financial result and the Limited Review report for the quarter and nine months ended 31.12.2025 .
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Raghuvir Synthetics announced its unaudited standalone and consolidated financial results for the quarter and nine months ended 31 December 2025, along with the Limited Review Report from auditor G.K. Choksi & Co. The auditor included an Emphasis of Matter flagging search operations carried out by the Directorate General of GST Intelligence (DGGI), Ahmedabad Zonal Unit, under Section 67 of the CGST Act, 2017; the company has deposited Rs. 188.00 Lakhs under protest and management expects no material impact on financials. The board also appointed Mr. Aayush Kamleshbhai Shah and Mrs. Ankita Vivekkumar Shah as Non-Executive Independent Directors for five-year terms effective 06.02.2026. Mr. Anup Ramnivas Agarwal's tenure as Independent Director concluded on 08.02.2026, and the Audit, Nomination & Remuneration, and Stakeholders Relationship Committees were reconstituted accordingly.
The GST search and Rs. 188 lakh protest deposit is a near-term watch item, though the auditor issued an unqualified review opinion and management sees no material impact. Board refresh with two new independent directors is largely routine and does not change the controlling structure.