Appointment of CS Vikash Mittal, bearing Membership No. FCS 13138 as the Company Secretary and Compliance Officer of the Company with effect from March 1, 2026, pursuant to applicable ....
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Royal Cushion Vinyl Products reported its Q3 FY26 (quarter ended December 31, 2025) results with revenue from operations falling to ₹1,272.62 lakhs from ₹1,883.50 lakhs in the previous quarter. The company posted a loss before tax of ₹452.71 lakhs for the quarter, widening from ₹257.52 lakhs in Q2, taking the 9-month loss to ₹752.27 lakhs compared to ₹250.56 lakhs a year ago. A fire incident occurred at the Vadodara factory during the quarter, with related expenses booked under other expenditure. The Board appointed CS Vikash Mittal (FCS 13138) as the new Company Secretary and Compliance Officer effective March 1, 2026. Management cited a strong order book, recovery efforts, and a planned preferential equity issue as reasons for continuing on a going-concern basis.
Widening quarterly losses, a factory fire, and a fire-sale-style ongoing going-concern flag point to operational stress that could weigh on the stock in the short term, though the pending Gujarat government incentive of over ₹4,173 lakhs and planned equity raise are potential positives for shareholders.