Raj Oil Mills Limited announced the reappointment of its Internal Auditor and Cost Auditor for Financial Year 2026-27, following a Board of Directors meeting held on Tuesday, May 12, 2026. The intimation was filed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023. The subject of the regulatory filing also references the appointment of a Secretarial Auditor, though detailed disclosures in the annexure pertain to the Internal Auditor and Cost Auditor.

Auditor Reappointments for FY 2026-27

The Board considered, approved, and took on record the reappointment of two audit firms to serve the company for the upcoming financial year. The reappointment of the Cost Auditor is subject to ratification of appointment and remuneration by the members of the company at the ensuing General Meeting. The following table summarises the key details of both appointments:

Profiles of Appointed Firms

M/s. T M Dalal & Company is a Chartered Accountant firm based in Mumbai, Maharashtra. Mrs. T M Dalal, Designated Partner of the firm, is a member of the Institute of Chartered Accountants of India (ICAI). The firm provides auditing, assurance, taxation, and advisory services across different verticals to all categories of clients.

M/s. Vinod C. Subramaniam & Co. is a firm of Cost Accountants practicing in the field of Cost Accountancy, Internal Audit, Stock Audit, VAT Audit, and Income Tax, among other areas.

Regulatory Compliance

The intimation was filed by Priya Pandey, Company Secretary and Compliance Officer of Raj Oil Mills Limited, on May 12, 2026. The disclosure has also been uploaded on the company's website at www.rajoilmillsltd.com in accordance with applicable regulatory requirements.

Raj Oil Mills has reported its audited financial results for the year ended March 31, 2026, recording a 73.1% year-on-year increase in net profit to ₹466.80 crore, up from ₹269.68 crore in the previous year. Revenue from operations for the year grew 32.2% to ₹15,137.08 crore from ₹11,445.56 crore in FY25. For the quarter ended March 31, 2026, the company posted a net profit of ₹50.98 crore on revenue of ₹4,163.46 crore. The board, in its meeting held on May 12, 2026, approved the results and appointed M/s. T M Dalal & Company as the internal auditor and M/s. Vinod C. Subramaniam & Co. as the cost accountant for FY26-27.

Preferential Issue Approval

The board approved a proposal to raise funds aggregating up to ₹9.20 crore through a preferential issue of securities to seven non-promoter investors. The issuance comprises up to 10,00,000 equity shares and up to 10,00,000 convertible warrants, priced at ₹46 per security, including a premium of ₹36. The relevant date for determining the issue price is May 12, 2026. Upon full allotment and conversion of warrants, the paid-up equity share capital will increase from ₹14,98,86,840 to ₹16,98,86,840.

Proposed Allottees and Utilisation

The preferential issue is allocated to seven non-promoter investors, including Ashfaq Ahmad and Glassil Industries LLP. The company plans to utilise the proceeds primarily for the repayment or prepayment of outstanding loans from promoters and directors, amounting to ₹8.70 crore, with the remainder for general corporate purposes. The post-issue shareholding of the promoter group is expected to decline from 75.00% to 66.17%.

Auditor's Emphasis of Matter

The statutory auditors, M/s. Kailash Chand Jain & Co., issued an unmodified opinion on the financial results. However, they drew attention to an outstanding amount of ₹57.73 lakh payable to unsecured operational creditors and public fixed deposit holders as per a resolution plan approved by NCLT. The company noted that cheques issued to these parties were returned due to non-traceability, and an application has been filed with NCLT seeking directions for payment.

Newspaper Advertisement Submission

Pursuant to Regulation 30 and 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Raj Oil Mills Limited submitted copies of newspaper advertisements pertaining to the financial results for the quarter and year ended March 31, 2026. The advertisements were published in the English newspaper 'Business Standard' and the Marathi newspaper 'Nalanda Express' on May 13, 2026.