Outcome of Board Meeting held on 12th May, 2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Raj Oil Mills Limited held its Board Meeting on May 12, 2026. The company reported audited FY2026 results with total income of Rs 15,145.71 lakhs and profit after tax of Rs 798.16 lakhs, compared to a loss in the previous year. EPS for FY2026 stands at Rs 4.22 per share. The auditors issued an unmodified opinion. The Board approved a preferential issue of equity shares and warrants worth up to Rs 9.20 crore (10 lakh shares + 10 lakh warrants at Rs 46 each) to 7 non-promoter allottees. Upon completion, the paid-up capital will increase from Rs 14.98 crore to Rs 16.98 crore. New internal and cost auditors were appointed for FY 2026-27. A postal ballot is being conducted for shareholder approval of these matters.
The company returned to profitability in FY2026 after prior year losses, which is positive for shareholders. However, the preferential allotment at Rs 46 per share will result in share dilution and involves 7 non-promoter investors. Existing shareholders will need to approve the issue via postal ballot.