Raj Rayon Industries Limited has informed the Exchange regarding Resignation of as Company Secretary & Compliance Officer of the company w.e.f. May 14, 2026.
RAJRILTD · price
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The Board accepted Mr. Chintan Dharod's resignation as Company Secretary and Compliance Officer (KMP) effective May 14, 2026, citing personal reasons. Ms. Ritu Shukla was appointed to the same role effective May 15, 2026. The company reported audited FY2026 net profit of Rs 3,399.28 Lakhs, more than doubling from Rs 1,380.61 Lakhs in FY2025. Revenue from operations grew to Rs 117,971.70 Lakhs from Rs 84,937.94 Lakhs. The auditors issued a qualified opinion due to three inoperative bank accounts from the prior Corporate Insolvency Resolution Process, and the net worth improved from Rs 122.47 Crore to Rs 156.47 Crore.
The resignation and immediate replacement of the Company Secretary indicates routine KMP transition with no governance red flags. Strong financial performance with net profit more than doubling year-on-year is positive for shareholders despite the qualified audit opinion on legacy bank account issues.