Quality RO Industries held its Board of Directors meeting on September 1, 2026, to approve the director's report for FY26 and schedule its fifth Annual General Meeting. The board also approved the reappointment of key management personnel and independent directors.

The company fixed September 23, 2026, as the cut-off date for determining shareholders eligible to vote at the AGM. Dilip Swarnkar & Associates was appointed as the scrutinizer for the voting process.

Director Reappointments

The board proposed the reappointment of the following directors, subject to shareholder approval:

• Vivek Dholiya as Managing Director for five years
• Damini Vivek Dholiya as Whole-Time Director for five years
• Ankit Jagdishbhai Kansara as Non-Executive Independent Director for five years
• Shirish Amrutlal Kotadia as Non-Executive Independent Director for five years

Vivek Dholiya is responsible for overall business expansion, while Damini Vivek Dholiya manages administration. Both are married to each other. Ankit Jagdishbhai Kansara brings accounting expertise, and Shirish Amrutlal Kotadia contributes engineering knowledge.

Auditor Appointment

The board appointed M/S Panchal SK & Associates, Chartered Accountants, as statutory auditors for a term of five consecutive years. The appointment is effective from September 1, 2026, and will remain valid until the conclusion of the general meeting for the financial year ending March 31, 2031.

Quality RO Industries reported a consolidated net loss of ₹39.31 lakh for the financial year ended March 31, 2026, a reversal from the net profit of ₹172.72 lakh recorded in the previous year. The company's total revenue for the year declined to ₹1,569.76 lakh from ₹1,600.45 lakh in FY25. On a standalone basis, the company posted a net loss of ₹72.11 lakh for the year, compared to a profit of ₹147.74 lakh in the prior year, with revenue falling to ₹1,180.62 lakh from ₹1,298.75 lakh.

The Board of Directors approved the audited standalone and consolidated financial results for the half-year and financial year ended March 31, 2026, at a meeting held on May 29, 2026. The statutory auditors, M/s Panchal SK & Associates, issued an audit report with an unmodified opinion on the financial results. The board also approved the re-appointment of Ms. Beena Varun Koshiya as the internal auditor for the financial year 2026-27.

Financial Performance

The company's expenses increased significantly during the year, impacting profitability. Consolidated total expenses rose to ₹1,636.86 lakh in FY26 from ₹1,371.62 lakh in FY25. The cost of materials consumed increased to ₹1,314.17 lakh from ₹1,289.59 lakh, while finance costs surged to ₹71.57 lakh from ₹44.16 lakh. Other expenses also climbed to ₹263.73 lakh compared to ₹161.99 lakh in the previous year.

Segment Performance

Quality RO Industries operates across three reportable segments: RO products, transport income, and the realty sector. For the year ended March 31, 2026, segment revenue from transport income was the highest at ₹900.99 lakh, followed by RO products at ₹279.62 lakh and the realty sector at ₹389.14 lakh. The realty sector reported a profit before tax of ₹32.98 lakh, while the unallocated segment results before tax stood at a loss of ₹24.96 lakh.

The company's consolidated earnings per share (EPS) for the year ended March 31, 2026, was negative at ₹(1.54), compared to a positive EPS of ₹6.77 in the previous year. The paid-up equity share capital remained unchanged at ₹255 lakh. The auditors noted that the financial statements were prepared in accordance with the recognition and measurement principles laid down in the applicable accounting standards.