Raj Oil Mills Limited Approves Rs 9.2 Crore Fund Raise and Declares Financial Results
Raj Oil Mills Limited announced key corporate decisions following its Board Meeting held on May 12, 2026. The Board approved a significant capital infusion through a preferential issue totaling up to Rs 9,20,00,000, alongside the consideration and approval of its audited financial results for the quarter and year ended March 31, 2026.The company also confirmed the re-appointment of its statutory and cost auditors for the Financial Year 2026-27 and appointed a scrutinizator for the upcoming postal ballot process.
Details of Proposed Fund Raising
The Board approved a proposal to raise funds up to Rs 9,20,00,000. This capital will be raised via a Preferential Allotment involving Equity Shares and Equity Warrants.The details of the proposed securities issuance are as follows:
| Security Type | Maximum Quantity Proposed | Face Value (per security) | Issue Price (per security) | Premium | Total Aggregated Value |
|---|---|---|---|---|---|
| Equity Shares | 10,00,000 (Ten Lakh) | ₹10 | ₹46 | ₹36 | Up to ₹4,60,00,000 |
| Equity Warrants | 10,00,000 (Ten Lakh) | ₹10 | ₹46 | ₹36 | Up to ₹4,60,00,000 |
| Total | Up to ₹9,20,00,000 |
These securities, referred to collectively as 'Securities', constitute a Preferential Issue. The Equity Warrants will be fully convertible into one Equity Share of face value ₹10.
Financial Results for March 31, 2026
The Board of Directors considered and approved the audited financial results for the quarter and year ended March 31, 2026.Key financial highlights for the period are summarized below (Amounts in INR Lakhs):
| Metric | Quarter Ended 31-Mar-26 (Audited) | Year Ended 31-Mar-26 (Audited) |
|---|---|---|
| Total Income | 4,154.85 | 15,141.65 |
| Total Expenses | 4,086.12 | 14,645.71 |
| Profit/(Loss) before Tax | 78.73 | 495.94 |
| Profit/(Loss) after Tax | 50.98 | 466.80 |
| Total Comprehensive Income | 43.59 | 459.42 |
| Paid-up Equity Share Capital | 1,498.87 | 1,498.87 |
Appointment of Auditors
The Board also took on record the appointment of Chartered Accountants for the financial year 2026-27:- Internal Auditor: M/s. T M Dalal & Company was re-appointed as the Internal Auditor for the Financial Year 2026-27.
- Cost Accountant: M/s. Vinod C. Subramaniam & Co. was appointed as the Cost Accountant for the Financial Year 2026-27, subject to ratification by the Members of the Company.
Furthermore, M/s. S.K. Jain & Co., Practicing Company Secretary, was appointed as the Scrutinizer for conducting the Postal Ballot voting process.
Auditor's Opinion
The Statutory Auditors, M/s. Kailash Chand Jain & Co., issued an audit report confirming the Standalone Financial Results for the quarter and year ended March 31, 2026, with an unmodified opinion.The company's audited Balance Sheet as of March 31, 2026, showed the following totals (Amount in INR lakhs):
| Category | As at 31, 2026 | As at March 31, 2025 |
|---|---|---|
| Total Non-Current Assets | 114.54 | 1,908.05 |
| Total Current Assets | 2,332.18 | 2,232.80 |
| Total Assets | 4,255.90 | 4,140.85 |
| Total Equity | 215.34 | (244.08) |
| Total Liabilities | 4,040.56 | 4,384.69 |
The Cash Flow Statement for the year ended March 31, 2026, indicated a Net Increase in Cash and Cash Equivalents of 19.04 INR lakhs, leading to the closing balance at the end of the year.
ROML Stock Price Movement
Today, Raj Oil Mills Limited shares edged higher to close at ₹45.53, gaining 0.44% for the day. The equity settled today with a total volume of 5,047 shares traded.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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