Raj Oil Mills Limited will hold its 24th Annual General Meeting on September 28, 2026. The meeting aims to approve a name change to "Raj Consumer Care Limited" and authorize creation of charges for borrowings up to ₹50 crore.

The company reported a 32.26% year-on-year rise in revenue from operations to ₹151.37 crore for FY26. Profit before tax increased by approximately 77% to ₹4.95 crore, driven by improved operational momentum.

Financial Performance

Revenue from operations stood at ₹15,137.08 lakh in FY26, compared to ₹11,445.56 lakh in FY25. Profit before tax rose to ₹495.94 lakh from ₹280.33 lakh in the previous year. Net profit after tax increased to ₹466.80 lakh from ₹269.68 lakh. Earnings per share (EPS) rose to ₹3.11 from ₹1.80.

Annual General Meeting Agenda

The AGM will be conducted through Video Conferencing (VC) or Other Audio-Visual Means (OAVM). Shareholders can participate remotely via the NSDL e-voting platform. The remote e-voting period commences on September 25, 2026, and ends on September 27, 2026.

Ordinary business items include:

• Adoption of audited standalone financial statements for FY26.
• Re-appointment of directors Mr. Atikurraheman Daudbhai Mukhi and Mr. Amir Atikurrehman Mukhi, who retire by rotation.

Special business items include:

• Ratification of remuneration for cost auditors M/s. Vinod C. Subramaniam & Co. for FY27.
• Approval to create charges on company assets to secure borrowings up to ₹50 crore under Section 180(1)(a) of the Companies Act, 2013.
• Change of company name to "Raj Consumer Care Limited" with consequential alterations to the Memorandum and Articles of Association.

Name Change Compliance

The proposed name change aligns with Regulation 45 of the SEBI Listing Regulations. Statutory auditors M/s. Kailash Chand Jain & Co. issued a certificate on September 2, 2026, confirming compliance with regulatory conditions. The Ministry of Corporate Affairs approved the new name availability on August 17, 2026.

Post-Balance Sheet Developments

After the financial year-end, the company issued 10,00,000 equity shares and 10,00,000 convertible warrants on a preferential basis to non-promoters. This allotment, completed on July 27, 2026, increased the paid-up equity share capital from ₹14,98,86,840 to ₹15,98,86,840.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE294G01026/830d6ea9-61f0-4c19-9d76-af79307568c6.pdf

Raj Oil Mills Limited has submitted a revised scrutinizer's report to the stock exchanges to correct a typographical error in its previous filing regarding the postal ballot conducted for preferential allotments. The initial report, dated June 11, 2026, had incorrectly referred to the resolutions as "Ordinary" instead of "Special". The company clarified that this clerical error did not impact the voting process, results, or the outcome of the postal ballot, which saw all three special resolutions pass with 99.99% approval.

The remote e-voting process, conducted through the NSDL e-voting system from May 13, 2026, to June 11, 2026, sought shareholder approval for the issuance of equity shares and convertible warrants on a preferential basis, as well as prior approval for raising funds through secured or unsecured loans with an option to convert into equity shares. Dr. S. K. Jain, Practicing Company Secretary, served as the Scrutinizer for the process.

Voting Results Summary

Promoters cast 11,142,710 votes in favour of each resolution, representing 99.12% of their total shareholding. Public non-institutions voted 5,985 shares in favour of the equity share issue, with 1,400 votes against, while 5,985 votes were in favour for the warrants issue with 1,440 against. The third resolution regarding fund raising received 6,010 votes in favour from public non-institutions and 1,415 against. No institutional shareholders participated in the voting.