Rajoo Engineers accepted the resignation of Mr. Shital Bharatkumar Badshah as an Independent Director on August 21, 2026. The change takes effect immediately following the close of business hours on that date.

The company disclosed the development in a filing with the Bombay Stock Exchange and the National Stock Exchange. Mr. Badshah cited personal reasons for his decision to step down from the board.

Resignation Details

Mr. Badshah submitted his resignation letter dated August 21, 2026. He confirmed that there are no material reasons for his departure other than those stated in the letter. The Board of Directors acknowledged his contributions during his tenure.

The company has uploaded the relevant documents to its website for public access. No other listed entities hold directorships for the resigning director.

Rajoo Engineers Limited reported a consolidated net profit of ₹1,734.78 lakh for the quarter ended June 30, 2026, marking a 15.5% increase from ₹1,501.76 lakh in the corresponding period last year. The company’s revenue from operations surged by 44.66% year-on-year to ₹123.07 crore (₹1,230.70 lakh), driven by robust execution, high-capacity utilization, and timely customer deliveries across domestic and international markets. This performance underscores the firm’s resilience amid global geopolitical uncertainties and raw material volatility.

The Board of Directors approved the unaudited standalone and consolidated financial results on July 20, 2026. The results were reviewed by the Audit Committee and statutory auditors Rushabh R Shah And Co, who issued a limited review report without qualifications. In compliance with Regulation 30 of SEBI Listing Regulations, the company filed its investor presentation for Q1FY27 with BSE Limited and National Stock Exchange of India Ltd on July 24, 2026. Additionally, the company published the results in The Indian Express, Financial Express (English), and Financial Express (Gujarati) as per Regulation 47.

Consolidated Financial Performance

Total income for the quarter stood at ₹123.07 crore, up from ₹85.07 crore in Q1FY26. Total expenses rose to ₹101.35 crore from ₹66.49 crore, reflecting higher raw material costs which increased to ₹79.48 crore from ₹50.49 crore. Profit before tax climbed 13.78% to ₹22.38 crore (₹2,237.92 lakh). EBITDA (excluding other income) grew 16.90% to ₹21.72 crore (₹2,172 lakh), though the EBITDA margin contracted by 419 basis points to 17.65% from 21.84% due to elevated procurement and logistics costs. Basic EPS remained flat at ₹0.87.

Standalone Results and Strategic Outlook

On a standalone basis, Rajoo Engineers reported a net profit of ₹127 million for Q1FY27, down from ₹144 million in Q1FY26. Standalone revenue declined to ₹770 million from ₹851 million, while standalone EBITDA fell to ₹145 million from ₹186 million, with margins contracting to 18.90% from 21.84%. The subsidiary Kohli Printing and Converting Machines Private Limited transitioned to Ind AS effective April 1, 2026, necessitating restatement of comparative figures.

Managing Director Khushboo Chandrakant Doshi highlighted that the company is well-positioned with a strong order pipeline and sound manufacturing capabilities. The firm continues to focus on operational efficiency, cost optimization, and expanding its international footprint. Recent strategic initiatives include the commissioning of advanced Okuma, Huron & Jyoti machines at Shree Yantralaya to enhance precision engineering and in-house production capabilities. The company also maintains a focus on sustainability, having installed a 304.64 KW solar power plant in Gujarat.