Raj Rayon Industries Limited has informed the Exchange regarding Appointment of as Company Secretary & Compliance Officer of the company w.e.f. May 15, 2026.
RAJRILTD · price
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Raj Rayon Industries reported strong FY2026 results with Total Income of Rs. 11,846.17 Crores (up 39% YoY) and Profit After Tax of Rs. 3,399.28 Lakhs (up 146% YoY). Annual EPS improved to Rs. 0.61 from Rs. 0.25. Net worth increased significantly to Rs. 156.47 Crores from Rs. 122.47 Crores. Key Managerial Personnel change occurred: Mr. Chintan Dharod resigned as Company Secretary and Compliance Officer effective May 14, 2026 citing personal reasons, and Ms. Ritu Shukla (Membership No. A63834) was appointed effective May 15, 2026. The statutory auditor issued a qualified opinion for the 3rd consecutive year due to 3 inoperative bank accounts from the pre-CIRP period where current management lacked documentation. The company also reversed a Rs. 55 lakh provision for minimum public shareholding non-compliance, citing pending waiver application with authorities.
The resignation and immediate replacement of the Company Secretary appears routine with minimal negative impact. The strong financial performance showing near-tripling of PAT is positive. However, the repetitive qualified audit opinion regarding unresolved bank account matters from the insolvency period raises governance concerns that investors may monitor closely.