Rajasthan Gases

Rajasthan Gases Limited held its Annual General Meeting on September 26, 2025, where shareholders approved all 11 proposed resolutions. The company had 8,779 shareholders as of the record date of September 19, 2025, with 27 public shareholders attending through video conferencing. Key approvals included adoption of audited standalone financial statements for the year ended March 31, 2025, re-appointment of Nikhilesh Khandelwal as Managing Director, appointment of statutory auditors for a five-year term, and approval for company name change. Shareholders also approved alteration of the main object clause in the Memorandum of Association, increase in borrowing limits up to Rs. 500 crore, increase in limits for loans and investments up to Rs. 500 crore, appointment of M/s. Gupta Rupa & Associates as Secretarial Auditor, adoption of new Memorandum and Articles of Association as per Companies Act 2013, and creation of mortgage/charge provisions. All resolutions received overwhelming support with approximately 99.9999% votes in favor across all proposals, with voting conducted primarily through e-voting by public non-institutional shareholders.

Rajasthan Gases Limited has submitted corrected unaudited financial statements for the quarter ended June 30, 2025, following communication from the Bombay Stock Exchange regarding discrepancies in the original filing. The company reported a profit of ₹960.17 lakhs for the quarter, compared to a loss of ₹7.03 lakhs in the corresponding quarter of the previous year. Total income for the quarter was ₹983.87 lakhs, primarily from other income, while the company reported no revenue from operations. Basic and diluted earnings per share stood at ₹1.25 for the quarter. The company's statutory auditors, Rahul S Gupta & Associates, issued a limited review report with unmodified opinion on the corrected financial results.

Rajasthan Gases Limited announced that M/s. Rahul S Gupta & Associates, Chartered Accountants, resigned as Statutory Auditors on August 14, 2025. The auditors cited their inability to continue due to delays in obtaining a peer review certificate caused by health issues. The company's Audit Committee and Board of Directors acknowledged the resignation and will take necessary steps to fill the vacancy. No concerns were raised by the resigning auditor regarding the company's management.