We submit herewith the Annual Report of the Company for the Financial Year 2024-25 along with the Notice convening the 41st Annual General Meeting (AGM) of the Company is attached. Notice ....
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Royal India Corporation Ltd has submitted its 41st Annual Report for FY 2024-25 along with the Notice of its 41st AGM, scheduled for Friday, 5th September 2025 at 11:45 a.m. in Mumbai. Revenue from operations surged to about ₹222.73 crore, up roughly 720% from ₹27.15 crore in FY 2023-24, driven by a sharp rise in turnover and other income. The company swung to a net profit of ₹10.83 crore, compared to a net loss of ₹8.24 crore last year. No dividend has been recommended. Paid-up equity capital stands at ₹109.47 crore (10.94 crore shares) after issuing 8.64 crore shares on a preferential basis during the year. Key AGM resolutions include appointing M/s Mayank Arora & Co. as Secretarial Auditor for five years (FY26–FY30), cancelling a previously approved increase in authorised share capital (keeping it at ₹124 crore), and appointing Mr. Raja Kantilal Minesh as Independent Director for five years. The board also approved acquiring Suryam India Minecorp Pvt Ltd as a wholly owned subsidiary and plans to explore real estate, mining, and defence segments.
The dramatic 720% revenue jump and turnaround from loss to a ₹10.83 crore profit is a strong positive signal for shareholders, though sustainability and the reasons behind the sharp surge will be key questions at the AGM. Cancellation of the authorised capital hike and a change in business direction (mining, real estate, defence) may affect future dilution expectations.