Rajoo Engineers has scheduled its 39th Annual General Meeting (AGM) for Tuesday, September 29, 2026, at 12:00 pm. The meeting will be held at the company’s registered office in Veraval (Shapar), Rajkot, Gujarat.

The primary agenda includes the declaration of a final dividend of ₹0.15 per equity share of face value ₹1 each for the financial year ended March 31, 2026. This payout represents a 15% dividend rate. The record date for determining shareholder eligibility is Tuesday, September 22, 2026. Payment will be made after the AGM, subject to deduction of tax at source.

Board Composition Changes

Shareholders will vote on significant changes to the Board of Directors. Ms. Khushboo Chandrakant Doshi and Mr. Utsav Kishorbhai Doshi seek reappointment as they retire by rotation.

The meeting also seeks approval for the appointment of Mr. Sunil Jain as a Non-Executive, Non-Independent Director effective July 1, 2026. Mr. Jain relinquished his position as Executive Director on June 30, 2026, after serving since 2002. Additionally, Mrs. Hetal Bhavesh Dobariya is proposed for appointment as an Independent Director for a five-year term starting September 1, 2026.

Professional Fees and Auditors

The AGM agenda includes the ratification of remuneration for M/s. Shailesh Thaker & Associates as Cost Auditors for FY27. The approved fee is ₹40,000 plus applicable GST and reimbursement of out-of-pocket expenses at actuals.

Furthermore, shareholders will vote on continuing approval for professional fees payable to Non-Executive Directors Mr. Sunil Jain and Mr. Pratik Kothari. The annual ceiling for fees for each director is capped at ₹1.00 crore. These payments cover professional advisory services in the plastics and packaging industry, distinct from their roles as directors.

Voting and Logistics

Remote e-voting will be facilitated by National Securities Depository Limited (NSDL) from Saturday, September 26, 2026, at 9:00 am to Monday, September 28, 2026, at 5:00 pm. The notice and annual report are available electronically for registered shareholders.

Rajoo Engineers reported a 28.28% year-on-year increase in consolidated profit after tax (PAT) to ₹4,889.58 lakh for FY26, driven by robust revenue growth and improved operational efficiencies.

Consolidated revenue from operations rose 35.72% to ₹34,425.29 lakh, supported by higher volumes and better capacity utilization. The company also recommended a final dividend of ₹0.15 per equity share.

Financial Performance

The capital goods manufacturer delivered strong top-line growth across both standalone and consolidated bases. Standalone revenue grew 17.59% to ₹29,828.51 lakh, while standalone PAT increased 22.62% to ₹4,328.13 lakh.

Standalone EBITDA margin remained stable at 18.28%, compared to 18.26% in the previous year. However, the consolidated EBITDA margin contracted slightly by 49 basis points to 17.77%, primarily due to the consolidation of subsidiary financials and certain one-time expenses related to exhibitions and year-end provisions.

What the Numbers Show

While absolute profitability expanded significantly, the divergence between standalone and consolidated margins highlights the impact of inorganic growth. The acquisition of Kohli Printing and Converting Machines Private Limited contributed to revenue scale but temporarily pressured consolidated margins due to integration costs and higher depreciation and finance charges associated with the new entity.

Strategic Milestones and Balance Sheet

FY26 marked a transformative period for the company, characterized by significant capital market and strategic achievements:

• NSE Listing: Secured listing on the National Stock Exchange on May 29, 2025, broadening its investor base.
• QIP Fundraise: Raised ₹160 crore through a Qualified Institutional Placement at ₹109 per share in July 2025.
• Strategic Acquisition: Acquired a 60% stake in Kohli Printing and Converting Machines Private Limited in September 2025, enabling end-to-end solutions in flexible packaging.

The balance sheet strengthened substantially with the QIP proceeds. Consolidated net worth more than doubled to ₹34,537.34 lakh from ₹16,321.18 lakh in FY25. Total borrowings stood at ₹2,415.72 lakh as of March 31, 2026, against nil borrowings in the prior year, maintaining a conservative debt profile.