Raj Oil Mills Limited has informed the Exchange regarding Outcome of Board Meeting held on May 12, 2026.
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Raj Oil Mills reported a strong turnaround with FY26 profit of Rs 269.68 Lakhs compared to a loss of Rs 1,742.94 Lakhs in FY25, with total income of Rs 15,137.08 Lakhs. The company received an unmodified (clean) audit opinion from its statutory auditors. The board approved fund raising of up to Rs 9.20 Crore through preferential allotment of equity shares and warrants to 7 non-promoter investors at Rs 46 per security, which will increase paid-up capital from Rs 14.99 Crore to Rs 16.99 Crore. Additionally, the company appointed new internal and cost auditors for FY27. Note 4 of the financial statements highlights outstanding payments of Rs 57.73 Lakh to non-traceable unsecured operational creditors and fixed deposit holders as per the 2018 NCLT resolution plan.
The company's return to profit is a positive signal for shareholders, though the upcoming equity dilution (increasing shares by ~13%) may temporarily impact EPS. The capital raise could provide funds for growth but will dilute existing shareholders' stakes.