Raghunath International appointed Sunil Singh as an additional independent director effective September 1, 2026. The Board of Directors approved the appointment during its meeting held in Delhi on September 1, 2026.

The board also finalized the schedule for the upcoming Annual General Meeting (AGM) and approved the annual report for FY26. Shareholder approval for Mr. Singh’s appointment will be sought within three months, as per Regulation 17(1C) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Resolutions

The board transacted the following business:

• Approved the appointment of National Securities Depository Limited (NSDL) as the E-Voting Agency.
• Finalized the remote e-voting period and cut-off dates for shareholders.
• Appointed Mr. Sunil Singh (DIN: 07558446) as an Additional Director in the category of Independent Director, effective September 1, 2026.

Mr. Singh holds office up to the date of the next AGM or for a term of five years, subject to shareholder approval. He is a graduate with over 23 years of experience in marketing and is not related to any existing directors or key managerial personnel. The company confirmed he is not debarred from holding office by any SEBI order.

AGM Schedule

Shareholders can participate in the voting process through the remote e-voting platform managed by NSDL. The general meeting is scheduled for late September.

Gajanand Choudhary, Whole Time Director, signed off on the disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Raghunath International reported a 25% year-on-year increase in standalone net profit to ₹12.18 lakh for the quarter ended June 30, 2026 (Q1FY27), driven primarily by a rise in other income. The company’s consolidated net profit surged 30% to ₹13.85 lakh, supported by both operational growth and a higher share of profits from its associate entity. These results were approved by the Board of Directors during a meeting held on August 11, 2026, marking the formal conclusion of the reporting process for the first quarter of the new fiscal year.

The financial statements were reviewed by the Audit Committee and approved pursuant to Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. V V G & Co, the statutory auditors, issued a Limited Review Report on the unaudited standalone and consolidated results. The report confirms that the financial statements provide a true and fair view, though it notes a departure from Ind AS 109 regarding the valuation of non-current investments.

Financial Performance Highlights

Standalone total income rose to ₹28.62 lakh in Q1FY27, up from ₹25.45 lakh in the corresponding period of FY26. This growth was entirely attributable to other income, which increased to ₹28.62 lakh from ₹25.45 lakh year-on-year. Revenue from operations remained nil for the third consecutive quarter, consistent with the previous year’s trend.

Total expenses decreased slightly to ₹13.26 lakh from ₹13.07 lakh in Q1FY26. Employee benefits expense was the largest cost component at ₹7.91 lakh, followed by other expenses at ₹5.31 lakh. Depreciation and amortization expenses were minimal at ₹0.04 lakh. Consequently, profit before tax stood at ₹15.36 lakh, compared to ₹12.38 lakh in Q1FY26. After accounting for current tax expenses of ₹3.18 lakh, the net profit for the period reached ₹12.18 lakh.

Consolidated Results and Segment Analysis

On a consolidated basis, total income mirrored the standalone figures at ₹28.62 lakh. However, consolidated net profit was higher at ₹13.85 lakh due to a share of profit from associates amounting to ₹1.67 lakh, up from ₹0.88 lakh in Q1FY26. Consolidated diluted earnings per share (EPS) rose to ₹0.28 from ₹0.21 in the previous year’s quarter.

Segment-wise, the Real Estate Development segment contributed ₹6.44 lakh to revenue, an increase from ₹5.79 lakh in Q1FY26. The segment’s result before tax was also ₹6.44 lakh. Other unallocable income accounted for ₹22.18 lakh of the total revenue, with a segment result of ₹8.92 lakh. The Pan Masala and Trading/Agency Business segments reported nil revenue and results, continuing their dormancy.

Auditor’s Qualification on Investment Valuation

A notable disclosure in the auditor’s report highlights a departure from Indian Accounting Standards. While Ind AS 109 requires investments in equity shares to be recognized at fair value through Profit and Loss or Other Comprehensive Income, Raghunath International has recognized its non-current investments in equity shares—including those in subsidiaries, associates, and joint ventures—at cost.

The auditors stated that the impact of this departure on "Non-current Investments," "Other Equity," "Other Comprehensive Income," and "Deferred Tax" is not ascertainable. This accounting treatment may affect the transparency of the company’s asset valuation, as the market value of these holdings is not reflected in the balance sheet.

What the Numbers Show

The primary driver of profitability remains non-operational income rather than core business activities. With revenue from operations at zero for the third consecutive quarter, the company’s earnings are heavily dependent on other income sources and investment returns. The significant contribution from "Other unallocable Income" (₹22.18 lakh) suggests that a large portion of the company’s cash flow is derived from sources not directly tied to its identified operating segments, such as interest or dividends. Investors should monitor whether this income stream is sustainable or if it masks a lack of operational momentum in the real estate development arm.