Royal Cushion Vinyl Products Limited has scheduled a meeting of its Board of Directors for Friday, May 29, 2026. The meeting will be conducted at the company's registered office or through video conferencing. The primary agenda for the meeting is to consider the audited financial results for the financial year ended March 31, 2026.

Agenda for the Meeting

The Board will deliberate on the approval of the audited financial results for the financial year ended as on 31.03.2026. Additionally, the directors may consider any other business with the permission of the Chairperson.

Trading Window Closure

In compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for dealing in the securities of the company was closed for all designated and connected persons effective April 01, 2026. This window will remain closed and will reopen 48 hours after the declaration of the aforementioned financial results.

Meeting Details

Royal Cushion Vinyl Products Limited has announced its unaudited standalone financial results for the quarter and nine months ended December 31, 2025, revealing deteriorating financial performance amid operational challenges.

Financial Performance Overview

The company's financial metrics showed significant decline across key parameters during the third quarter of FY26:

Nine-Month Performance Analysis

The nine-month period ending December 31, 2025, reflected continued financial stress with substantial losses:

Operational Challenges and Expenses

The company faced significant cost pressures during the quarter. Finance costs surged dramatically to ₹223.64 lakh in Q3 FY26 from ₹54.16 lakh in Q3 FY25, representing a substantial increase. Cost of materials consumed stood at ₹863.61 lakh compared to ₹1,021.47 lakh in the previous year quarter.

Employee benefits expenses increased to ₹158.25 lakh from ₹149.22 lakh year-on-year. Other expenses remained elevated at ₹429.69 lakh during the quarter. The company reported a fire incident at its factory premises during the quarter, resulting in expenditure for machinery spare parts replacement, while receiving insurance claims of ₹8.89 lakh.

Key Corporate Developments

The Board of Directors approved the appointment of CS Vikash Mittal as Company Secretary and Compliance Officer effective March 1, 2026. CS Mittal holds membership number FCS 13138 and brings extensive experience in corporate governance, statutory compliance, and SEBI regulations.

Ongoing Corporate Restructuring

The company continues to pursue merger schemes under the Companies Act, 2013. Two significant schemes are in progress - one involving Royal Spinwell and Developers Private Limited with the next hearing scheduled for March 10, 2026, and another involving Natroyal Industries Private Limited approved by the Board in August 2024.

The management maintains its going concern assessment based on expected order book conversions, improved recovery processes, and potential equity capital raising through preferential share issues. The company operates in the PVC flooring and leathercloth segment as its primary business focus.