REsignation of Mr. Chintan Dharod - CS & Compliance officer resgined w.e.f. closing hours of 14.05.2026 & appointed Ms. Ritu Shukla as CS & Compliance Officer of the comany w.e.f. 15.05.2026.
RAJRILTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Raj Rayon Industries announced resignation of Mr. Chintan Dharod as Company Secretary and Compliance Officer (KMP) effective May 14, 2026 citing personal reasons, with immediate appointment of Ms. Ritu Shukla from May 15, 2026. The company also reported FY2026 audited results showing strong performance: revenue grew 39% to Rs 11,797.17 lakhs and PAT jumped 146% to Rs 3,399.28 lakhs compared to previous year. Net worth improved to Rs 156.47 crores from Rs 122.47 crores. However, auditors issued a qualified opinion for the third consecutive year due to three inoperative bank accounts from the pre-CIRP period where details could not be obtained. Outstanding qualified borrowings decreased from Rs 194.46 crores to Rs 173.52 crores.
The KMP transition appears routine as per the filing - new appointee has relevant banking and legal experience. The financial performance shows significant improvement in profitability. However, the recurring audit qualification on bank accounts and the reversal of Rs 55 lakh provision for minimum public shareholding non-compliance may raise some governance concerns for investors.