Raj Oil Mills Limited has informed the Exchange regarding Outcome of Board Meeting held on May 12, 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 reported a strong turnaround for FY ended March 2026, with profit after tax of ₹459.42 Lakhs compared to a loss of ₹1,742.94 Lakhs in FY 2025. Revenue from operations stood at ₹15,137.08 Lakhs for the year. The Board approved a preferential issue of up to ₹9.20 crore through 10 lakh equity shares and 10 lakh convertible warrants, both priced at ₹46 per security, to 7 non-promoter allottees. Post-issue, share capital will increase from ₹14.99 crore to ₹16.99 crore, representing ~13.3% dilution. The company also appointed internal and cost auditors for FY 2026-27 and issued a postal ballot notice for shareholder approval. An emphasis of matter notes ₹57.73 lakh outstanding to non-traceable unsecured creditors and FD holders per the 2018 NCLT resolution plan.
Positive turnaround from losses to profits indicates operational improvement. However, the preferential allotment to 7 non-promoter investors will dilute existing shareholders by ~13.3%. The ₹46 issue price represents the relevant date price, and warrants can be converted within 18 months.