Ramgopal Polytex Limited reported a net loss of ₹99.11 lakh for the financial year ended March 31, 2026, widening from a loss of ₹18.52 lakh in the previous year. Revenue from operations declined to ₹109.36 lakh in FY26 from ₹148.20 lakh in FY25. The company’s total comprehensive loss for the year stood at ₹72.13 lakh, compared to ₹29.25 lakh in the preceding year.

The board has not recommended any dividend for the year under review due to carry forward losses. The issued, subscribed, and paid-up share capital remained unchanged at ₹1,450.00 lakh, comprising 1,45,00,000 equity shares of ₹10 each. The company’s operations continue to be focused on the wholesale trading of commodities such as yarn and polymers.

Financial Performance

The decrease in turnover was attributed to market conditions, while the company noted that losses had reduced significantly compared to the previous year due to margin improvements. The operating margin for the year was recorded at (90.63)%.

Corporate Governance and Board

The board of directors comprises Mr. Sanjay Jatia as Chairman and Managing Director, Mrs. Divya Modi as Non-Executive Director, and Mr. Nishant Tolchand Ranka and Mr. Arun Kumar Sharma as Independent Directors. Mr. Arun Kumar Sharma was appointed as an Additional Director in the capacity of Non-Executive Independent Director effective May 09, 2026, subject to shareholder approval.

M/s. Rungta Agarwal & Associates (formerly known as Shanker & Kapani), Chartered Accountants, serve as the statutory auditors. The auditors' report confirmed that the financial statements give a true and fair view of the company's affairs and that internal financial controls were operating effectively.

Ramgopal Polytex Limited has announced its audited financial results for the quarter and year ended March 31, 2026, following a board meeting held on May 20, 2026. The company reported a net loss of ₹99.11 lakh for the full financial year, widening from the net loss of ₹18.52 lakh recorded in the previous year. Revenue from operations for the year declined to ₹109.36 lakh from ₹148.20 lakh in the preceding year. The statutory auditors, M/s. Rungta Agarwal and Associates, issued an unmodified opinion on the annual audited standalone financial results.

For the quarter ended March 31, 2026, the company reported a net loss of ₹11.60 lakh. Revenue from operations for the quarter was ₹21.69 lakh, compared to ₹3.63 lakh in the same quarter of the previous year. Total income for the quarter stood at ₹36.83 lakh. The results were published in The Financial Express and Mumbai Lakshadeep on May 21, 2026, under Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

The company's financial statements reflect a challenging year with increased expenses and lower income. Total expenses for the year rose to ₹281.92 lakh from ₹244.44 lakh in the previous year. Other income for the year stood at ₹73.45 lakh, slightly lower than the ₹77.85 lakh reported in the prior year. The basic and diluted earnings per share (EPS) for the year were reported at (₹0.68), compared to (₹0.13) in the previous year.

Strategic Decisions

During the meeting, the board approved the sale of its investment in Ramgopal Synthetics Limited. The company will sell 1,90,000 equity shares with a face value of ₹10 each to Mrs. Minal Nipoon Agarwal jointly with Mr. Nipoon G. Agarwal. The transaction is for a lump sum consideration of ₹1,34,90,000, based on a valuation report pricing the shares at ₹71 per equity share. The agreement for the sale was entered into on May 20, 2026, with completion expected by May 31, 2026.

Corporate Governance

The board, based on the recommendations of the Audit Committee, appointed Mr. Ravi Seth, proprietor of M/s. Ravi Seth & Co., Chartered Accountants, as the Internal Auditor of the company for the financial year 2026-27. The meeting commenced at 1:00 PM and concluded by 2:15 PM on May 20, 2026.