Roto Pumps board approves USD 2 mn SBLC for UAE subsidiary and Q2 results
ROTO · price
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Roto Pumps board on Nov 12, 2025 approved Q2 and H1 FY26 standalone and consolidated unaudited results, reviewed by statutory auditors R.N. Marwah and Co with an unmodified opinion. Board also cleared a Standby Letter of Credit of up to USD 2 million for wholly owned UAE subsidiary Roto Pumps MENA FZE to support its business, and appointed Mr. Mahesh Bhapal Kinikar as General Manager Sales and Service at senior management level.
USD 2 mn SBLC backs the wholly owned UAE subsidiary's operations, indirectly benefiting the parent. Q2 results cleared with an unmodified auditor opinion.