This is to inform you that the Board of Directors of the Company at its meeting held on Thursday, October 30, 2025 have inter-alia; considered, noted and approved the following: 1. Appointment ....
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Royal India Corporation's board met on October 30, 2025 and approved two key items. First, Mr. Mohit Kothari was appointed as the new Chief Financial Officer and Key Managerial Personnel with immediate effect; he brings 10 years of experience in gold and bullions trading and currently holds no shares in the company. Second, the board approved issuing up to 5 crore (5,00,00,000) warrants convertible into equity shares of Rs. 10 face value, to be allotted to 4 non-promoter investors on a preferential basis. Pricing will follow SEBI ICDR minimum price rules, each warrant converts into 1 equity share, and holders have 18 months to exercise conversion. Post-issue, Italindia Cotton Company will hold around 13.99%, Oparo Buildcon 8.93%, Trinetra Infracon 5.95%, and Oparo Fine Essentials 5.95% on a fully diluted basis.
Existing shareholders face potential dilution once warrants are converted, with the shareholding base shifting meaningfully toward four new non-promoter entities. The new CFO has a commodity-trading background, which may signal a strategic tilt toward bullion-related business. Shareholders should watch for the Postal Ballot/EGM notice to approve the warrants issue and the price at which warrants are eventually allotted.