Royal India Corporation Limited reported a net profit of ₹53.00 crore for the financial year ended March 31, 2026, marking a sharp increase from ₹10.83 crore in FY25.

The company’s total income stood at ₹121.63 crore, down significantly from ₹222.73 crore in the prior year. Revenue from operations declined to ₹46.05 crore compared to ₹220.02 crore previously.

Financial Performance

The substantial rise in profitability was primarily driven by other income rather than operational revenue growth. Other income surged to ₹75.58 crore from ₹2.71 crore in FY25. This increase was largely attributable to a ₹71.99 crore reversal of notional interest expense recorded during the period.

Operating expenses fell sharply to ₹43.85 crore from ₹211.25 crore. Finance costs dropped to ₹20,617 from ₹3.92 crore, reflecting a reduction in borrowing obligations. Depreciation remained stable at ₹2.31 lakh.

Balance Sheet and Capital Structure

The company issued 85 lakh equity shares during the year through the conversion of convertible warrants at ₹10 each. This increased the paid-up equity share capital to ₹117.97 crore from ₹109.47 crore.

Total assets decreased to ₹184.29 crore from ₹225.23 crore. Non-current financial assets, specifically inter-corporate deposits, rose to ₹49.01 crore from ₹43.35 crore. Conversely, borrowings were fully repaid, reducing non-current liabilities to ₹1.52 crore from ₹101.16 crore in the previous year.

Corporate Governance and AGM

The Board of Directors has scheduled the 42nd Annual General Meeting for September 30, 2026, at the Yashwantrao Chavan Centre in Mumbai. Key agenda items include the adoption of audited financial statements and the re-election of Mr. Sourav Sharma as a director retiring by rotation.

Additionally, shareholders will vote on the re-appointment of Mr. Nitin Gujral as Managing Director for five years, effective August 8, 2026. His remuneration is proposed at ₹5.40 lakh per annum, subject to future increases based on performance evaluations.

No dividend has been recommended for FY26. The statutory auditors, M/s Rakchamps & Co. LLP, issued an unqualified opinion on the standalone financial statements.

Royal India Corporation Limited has fixed September 23, 2026 as the cut-off date for remote e-voting ahead of its 42nd Annual General Meeting scheduled for September 30, 2026. The company also confirmed that the register of members will remain closed from September 24 to September 30 to determine shareholder eligibility.

The board approved these logistical details during a meeting held on September 2, 2026. The meeting will take place at 11:45 am at the Runanubandh Hall, Yashwantrao Chavan Centre, in Mumbai. M/s. Kaushal Doshi & Associates has been appointed as the scrutinizer for the voting process.

Key Decisions

The board approved several procedural matters for the upcoming general meeting:

• Holding the 42nd AGM on Wednesday, September 30, 2026, at 11:45 am.
• Closing the register of members from Thursday, September 24, 2026, to Wednesday, September 30, 2026.
• Enabling e-voting for shareholders and appointing a practicing company secretary to scrutinize the process.
• Approving the Board Report and Notice of AGM.

Voting and Record Dates

Shareholders holding shares in physical or dematerialised form must be on the register by the cut-off date to cast electronic votes. The specific dates are outlined below:

Meeting Details

The board meeting commenced at 4:30 pm and concluded at 5:30 pm on September 2, 2026. Nitin Kamalkishore Gujral, Managing Director, signed the disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.