Outcome of Board Meeting held on 25/05/2026.
RKDL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The board approved audited financial results for the quarter and year ended March 31, 2026. Revenue from operations declined significantly to Rs 5,421.88 lakhs from Rs 7,483.73 lakhs in the previous year (down ~28%). Despite lower revenue, profit before tax improved to Rs 16.20 lakhs from Rs 13.22 lakhs, and net profit was Rs 13.68 lakhs. The auditors issued a qualified opinion due to multiple concerns including Rs 2,900.25 lakhs in disputed receivables from Anil Agrawal and associates (SEBI ordered repayment in 2019), disputed investment in Liquor India Limited, unconfirmed trade receivables/creditors, and Rs 266.33 lakhs in pending statutory dues. During the year, the company destroyed expired IMFL stock worth Rs 109.67 lakhs (exceptional item) and wrote back Rs 258.23 lakhs in old sundry creditors.
The company faces significant operational challenges with nearly 28% revenue decline and multiple audit qualifications. The qualified opinion and large disputed receivables (Rs 2,900+ lakhs) without provisions create material uncertainty about asset recoverability and future profitability. Shareholders should monitor ongoing legal proceedings and cash flows carefully.