Rishiroop Ltd's Board Approves Q2 Financial Results, Reviews Corporate Policies; Recommends Independent Director Appointment
Rishiroop Ltd has approved its unaudited financial results for the quarter ended June 30, 2026. The company also reviewed and sanctioned several key operational policies while considering a proposal to appoint an independent director.The Board of Directors conducted the meeting on August 7, 2026. In addition to reviewing financials, the board approved revisions to internal corporate governance documents. These updates include the Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information, the Code of Conduct regulating Designated Persons' trading, the Related Party Transaction Policy, and the Policy for Determination of Materiality for Disclosure of Events or Information.
Appointment Recommendation
The Nomination and Remuneration Committee (NRC) recommended to the Board the appointment of Mrs. Batut Shah as an Additional Director (Non-Executive and Independent). Mrs. Shah is a Chartered Accountant with over 25 years of experience in risk management and accounting.The Board noted this recommendation and decided to process her appointment at its subsequent meeting, pending the issuance of a valid Director Identification Number (DIN) by the Ministry of Corporate Affairs and subject to approval by the members at the ensuing Annual General Meeting (AGM).
Financial Performance Snapshot
The unaudited financial results for the quarter ended June 30, 2026 were reviewed by the company's Audit Committee and subsequently approved by the Board. The findings are supported by an unqualified limited review report issued by the Statutory Auditors.The company operates in one primary business segment: Polymers and Compound.
Financial performance indicators across the previous periods are summarized below (figures in Lakh):
| Financial Indicator | Quarter ended June 30, 2026 (Unaudited) | Quarter ended June 30, 2025 (Audited) | Quarter ended March 31, 2026 (Unaudited) | Year ended March 31, 2026 (Audited) |
|---|---|---|---|---|
| Total Revenue from Operations | 2,505.02 | 2,135.73 | 1,166.22 | 7,198.97 |
| Other Income | 106.34 | 85.46 | 93.50 | 430.61 |
| Gain / (Loss) on Fair Valuation of Investments | 896.08 | (908.26) | 807.15 | (21.28) |
| Total Income | 3,507.44 | 1,312.93 | 2,666.87 | 7,608.36 |
| Cost of Materials Consumed | 494.03 | 486.45 | 440.96 | 1,657.98 |
| Purchase of Stock-in-Trade | 2,167.64 | 1,048.04 | 1,201.70 | 4,237.29 |
| Employee Benefits Expense | 169.85 | 151.97 | 132.34 | 594.74 |
| Total Expenses | 1,916.60 | 1,934.38 | 1,642.73 | 6,715.01 |
| Profit / (Loss) before Exceptional Items and Tax | 1,560.84 | (621.45) | 1,024.14 | 863.35 |
| Net Profit (Loss) for the quarter / period | 1,268.11 | (567.50) | 867.17 | 669.99 |
The financial statements were prepared in accordance with the recognition and measurement principles of Ind-AS notified under relevant Accounting Rules, and other generally accepted accounting practices. The figures for the quarter ended March 31, 2026, represent balancing figures derived from audited full year data and published year to date figures.
Stock Price Movement
As of 13:38, shares of Rishiroop Ltd are ticking up significantly in the market, currently trading at ₹113.00, which represents a 16.33% gain. The stock has experienced intraday movement, ranging from a low of ₹97.70 to its high today at ₹113.00.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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