1. Approved and taken on record the audited Financial Results of the Company for the last quarter & year ended March 31, 2026, 2. Resignation of Mr. Chintan Dharod from the post of ....
RAJRILTD · price
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Raj Rayon Industries reported strong financial performance for FY ended March 2026, with total income jumping 39% to ₹11,846.17 Lakhs and profit after tax surging 146% to ₹3,399.28 Lakhs compared to the previous year. EPS improved from ₹0.25 to ₹0.61 per share. The company also saw net worth increase to ₹156.47 Crore from ₹122.47 Crore. However, the statutory auditor issued a qualified opinion due to three inoperative bank accounts from the pre-CIRP period where details could not be obtained - a repetitive qualification for the third consecutive year. In governance changes, Company Secretary Mr. Chintan Dharod resigned citing personal reasons effective May 14, 2026, and Ms. Ritu Shukla was appointed as his replacement effective May 15, 2026. The company also reversed a ₹55 lakh provision for non-compliance with minimum public shareholding requirements after seeking a waiver from authorities.
The strong profit growth and improved net worth are positive indicators for shareholders, though the persistent audit qualification regarding unresolved bank account issues raises some governance concerns. The smooth transition of the Company Secretary role suggests operational stability.