Appointment of Mr. Tofan Jena as an Internal Auditor of the company for the financial year 2025-26.
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Raw Edge Industrial Solutions reported its Q1 FY26 (quarter ended 30 June 2025) results along with several board decisions taken on 1 August 2025. Revenue from operations fell to ₹804.44 lakh, down about 21% from ₹1,014.43 lakh in the same quarter last year, and the company posted a loss before tax of ₹31.81 lakh, slightly wider than the ₹17.02 lakh loss in Q1 FY25 but much improved from the ₹90.51 lakh loss in the preceding quarter. Full-year FY25 ended with a loss of ₹103.90 lakh on revenue of ₹4,478 lakh. The board appointed Mr. Tofan Ashok Jena as Internal Auditor for FY 2025-26, re-designated CFO Mr. Prashant Suresh Agarwal from Executive Director & CFO to Whole-time Director & CFO (tenure till November 2028), and appointed CS Ranjit Binod Kejriwal as Secretarial Auditor for five years (FY 2025-26 to FY 2029-30), subject to shareholder approval.
For shareholders, this is largely a routine governance update, but the underlying Q1 numbers remain weak with shrinking revenue and continued losses — no positive earnings surprise here. The CFO title change and new auditor appointments signal steady housekeeping rather than any strategic shift.