Q1 FY27 results approved; two independent directors exit after completing tenure
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Rolcon Engineering's board approved Q1 FY27 standalone and consolidated unaudited results on July 24, 2026. Standalone revenue rose slightly to about 1,260 lakhs from 1,245 lakhs year-on-year, but net profit fell to 74.10 lakhs from 90.04 lakhs. EPS dropped to 9.80 from 11.91. Two independent directors, Mr Kiran M Patel and Mr Wolfgang Fuchs, ceased to be directors after completing two consecutive five-year terms each. Audit and Nomination committees were reconstituted. Auditor gave unmodified review opinion.
Slightly weaker Q1 profits despite steady revenue; board changes are routine tenure completions, not governance concerns.