the Board of Directors of the Company at its meeting held today i.e. May 30, 2026, which commenced at 11.00 a.m. and concluded at 01.00 p.m. have discussed, considered and approved the ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Royal India Corporation Ltd's Board approved its audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026. Revenue from operations declined sharply to Rs. 4,605.48 Lakhs from Rs. 22,002.13 Lakhs in the previous year. However, profit after tax surged to Rs. 5,300.25 Lakhs from Rs. 1,082.73 Lakhs, driven by a massive jump in other income to Rs. 7,557.93 Lakhs (vs Rs. 270.94 Lakhs). The statutory auditors issued an unmodified opinion, but drew attention to Note 13 regarding a provision for compensation payable. The company has significant disputed income tax demands pending across multiple assessment years totaling over Rs. 137 crores. M/S M. Borar & Co. was reappointed as internal auditor for FY 2026-27.
Despite a 79% decline in core revenue, the stock may see positive sentiment due to nearly 5x PAT growth, driven by exceptional other income. However, investors should note the emphasis of matter on compensation provisions and large disputed tax liabilities that could impact future financials.