Outcome of Board Meeting held on 12th May, 2026
ROML · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Raj Oil Mills reported a strong turnaround with FY2026 profit after tax of ₹4.67 crore (₹466.80 lakh), compared to a loss of ₹7.39 lakh in FY2025. Total income stood at ₹4,163.46 lakh. The board approved raising up to ₹9.20 crore via preferential allotment of up to 10 lakh equity shares and 10 lakh equity warrants at ₹46 per share to 7 non-promoter investors. Post-allotment, equity share capital will increase from ₹14,989 lakh to ₹16,989 lakh. Auditors gave a clean (unmodified) opinion. The company also reappointed its internal auditor and cost auditor for FY2026-27.
The company returned to profitability after a loss last year, a positive sign. However, the preferential issue will dilute existing shareholders by ~13.3%. Shareholder approval via postal ballot is required for the capital raise.