Raghuvir Synthetics Limited reported a net loss of ₹136.78 lakh for the financial year ended March 31, 2026, a significant reversal from the net profit of ₹906.21 lakh recorded in the previous year. Revenue from operations declined to ₹2,551.91 crore from ₹3,327.47 crore in FY25. The board approved the audited standalone and consolidated financial results at a meeting held on May 28, 2026.

Financial Performance

The company's total income for FY26 stood at ₹2,565.64 crore, down from ₹3,368.82 crore in the prior year. Total expenses increased to ₹2,578.40 crore from ₹3,280.91 crore. For the quarter ended March 31, 2026, the company reported a net loss of ₹36.75 lakh on revenue of ₹241.76 crore.

Operational Highlights and Disclosures

The board appointed M/s. Ashok K. Bhatt & Co. as the internal auditor for FY 2026-2027. The statutory auditors, G. K. Choksi & Co., issued an unmodified opinion on the financial results. However, the auditors drew attention to a search operation initiated by the Directorate General of GST Intelligence (DGGI), Ahmedabad Zonal Unit, under Section 67 of the Central Goods and Services Tax Act, 2017. The company deposited ₹1.88 crore under protest following oral instructions from the officials. Management stated it does not expect any material impact on the financial or operational position.

Consolidated Results

On a consolidated basis, the company reported a net loss of ₹128.23 lakh for FY26, compared to a net profit of ₹898.98 lakh in FY25. Revenue from operations for the group stood at ₹2,551.91 crore. The results include the financials of Dreamsoft Bedsheet Private Limited up to March 30, 2026, following the disposal of the company's 51% equity stake in the subsidiary.

Raghuvir Synthetics Limited successfully conducted an Extraordinary General Meeting (EGM) on April 25, 2026, at its registered office in Ahmedabad, resulting in the appointment of two new independent directors to strengthen its board composition.

Meeting Details and Proceedings

The EGM was held at the company's registered office located at Rakhial Road, Rakhial, Ahmedabad-380023, Gujarat. Mr. Sunil Raghubirprasad Agarwal, Chairman & Managing Director, presided over the meeting as Chairman.

Director Appointments

The meeting focused on two key appointments to the board of directors, both approved through ordinary resolutions:

Both appointments were categorized as Non-Executive and Independent Director positions, enhancing the company's governance structure with independent oversight.

Voting Process and Compliance

The company implemented comprehensive voting mechanisms to ensure shareholder participation. Electronic voting facilities were provided in compliance with Section 108 of the Companies Act, 2013, and SEBI regulations. Mr. Jinang Dineshkumar Shah, Practicing Company Secretary and Proprietor of M/s. Jinang Shah & Associates (COP No. 14215), served as the Scrutinizer for vote counting.

The meeting maintained proper quorum throughout the proceedings, and shareholders were given opportunities to ask questions and seek clarifications from the Chairman. All resolutions were passed with the requisite majority, demonstrating shareholder confidence in the proposed appointments.

Regulatory Compliance

The proceedings were conducted in full compliance with Regulation 30 and Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company ensured proper documentation and timely disclosure to BSE Limited, maintaining transparency in corporate governance practices.