Shree Rajiv Lochan Oil Extraction Ltd Reports Financial Results and Appoints New Auditors
Shree Rajiv Lochan Oil Extraction Limited has released its audited standalone financial results for the quarter and year ended March 31, 2026. The company also announced the appointment of new secretarial and internal auditors during a Board of Directors meeting held on May 29, 2026.Financial Performance Overview
The company reported an Other Income of Rs. 2.62 Lacs for the three months ended March 31, 2026, compared to Rs. 7.49 Lacs in the preceding quarter. For the year ended March 31, 2026, the total income stood at Rs. 25.83 Lacs, while the corresponding period in the previous year recorded Rs. 35.36 Lacs.The company incurred total expenses of Rs. 0.70 Lacs for the quarter ended March 31, 2026, against Rs. 5.70 Lacs in the preceding quarter. Annual expenses for the period ending March 31, 2026, were reported at Rs. 16.65 Lacs, compared to Rs. 48.04 Lacs in the previous year.
The standalone profit for the period from continuing operations was recorded at Rs. 0.61 Lacs for the quarter ended March 31, 2026. The profit for the year ended March 31, 2026, was Rs. 6.87 Lacs, showing an increase from a loss of Rs. 12.68 Lacs in the previous year.
Financial Summary (Rs. In Lacs/amount)
| Particulars | 3 months ended 31/03/2026 (Audited) | Preceding 3 months ended 31/12/2025 (Unaudited) | Corresponding 3 months ended 31/03/2025 (Audited) | Year to date 31/03/2026 (Audited) | Year to date 31/03/2025 (Audited) |
|---|---|---|---|---|---|
| Other Income | 2.62 | 7.49 | 9.25 | 25.83 | 35.36 |
| Total Income (I+II) | 2.62 | 7.49 | 9.25 | 25.83 | 35.36 |
| Employee benefits expense | 3.31 | 1.40 | 0.45 | 5.86 | 2.78 |
| Other Expenses | -2.61 | 4.30 | 1.96 | 10.79 | 45.26 |
| Total Expenses (IV) | 0.70 | 5.70 | 2.41 | 16.65 | 48.04 |
| Profit/(loss) before tax | 1.92 | 1.79 | 6.84 | 9.18 | -12.68 |
| Tax Expense: (1) Current Tax | 1.31 | 0.20 | - | 2.31 | - |
| Profit/(Loss) for the period | 0.61 | 1.59 | 6.84 | 6.87 | -12.68 |
| Earnings per equity (Basic) | 0.01 | 0.04 | 0.17 | 0.17 | -0.30 |
Assets and Liabilities Position
As of March 31, 2026, the company's total assets were valued at Rs. 535.71 Lacs, compared to Rs. 546.55 Lacs in the previous year. The primary components of these assets include Investments (Rs. 132.87 Lacs), Trade Receivables (Rs. 44.73 Lacs), and Bank Balances/Loans (Rs. 184.12 Lacs).The total equity and liabilities were reported at Rs. 535.71 Lacs, which remains consistent with the previous year's figure of Rs. 546.55 Lacs. The equity share capital stands at Rs. 301.80 Lacs, while Other Equity is valued at Rs. 209.59 Lacs.
Auditor Reports and Management Updates
The independent auditors issued a Disclaimer of Opinion regarding the standalone financial results for the year ended March 31, 2026. The audit report notes that the company has disposed of its principal manufacturing plant, which was its primary operating asset. Since this disposal, the company has not carried out significant operating activities and has primarily earned income from investments.The auditors stated they were unable to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion due to the significance of the matters described in the report. Specifically, there is a lack of supporting documentation regarding future business plans and projected cash flows for at least twelve months from the balance sheet date.
Key Appointments
During the Board meeting held on May 29, 2026, the following appointments were approved:| Auditor Type | Firm Name | Appointment Date | Period / Terms |
|---|---|---|---|
| Secretarial Auditor | Samantrai Prashant & Co. | 29/05/2026 | Financial Year 2025-2026 |
| Internal Auditor | Goel & Goyal, Chartered Accountants | 29/05/2026 | Financial Year 2026-2027 |
Stock Price Movement
Shree Rajiv Lochan Oil Extraction Ltd settled at ₹22.08 on Friday, showing no change in price from the previous close. The stock remained locked and traded completely flat throughout the session at ₹22.08.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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