Royal India Corporation Limited has scheduled an Extra-Ordinary General Meeting (EGM) on July 30, 2026, to seek shareholder approval for the appointment of Mr. Rishabh Sareen as Executive and Non-Independent Director. The meeting will be conducted through Video Conferencing (VC) or Other Audio-Visual Means (OAVM) at 11:45 A.M. IST. The appointment is proposed for a tenure of five years, effective from April 30, 2026, with remuneration not exceeding ₹6,00,000 per annum.

The Board has approved the convening of the EGM to comply with Regulation 17(1C) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice for the meeting will be sent electronically to members whose email addresses are registered with the company or its Registrar & Share Transfer Agent (RTA), with no physical copies being dispatched. The company has engaged NSDL to facilitate the remote e-voting process.

Key Meeting Details

Members attending the meeting through VC/OAVM shall be counted for the purpose of quorum under Section 103 of the Companies Act, 2013. Shareholders holding shares in physical form or those whose email addresses are not registered are advised to update their details with the RTA, M/s. MUFG Intime India Pvt. Ltd., to ensure they receive the notice and can participate in the e-voting process.

Royal India Corporation Ltd has rectified an inadvertent error in its Independent Auditor's Report for the financial year ended March 31, 2026, changing the audit opinion from Qualified to Unmodified. The company submitted the revised report to the BSE on June 12, 2026, following a notification from its statutory auditors, RAKCHAMPS & Co. LLP, regarding a clerical and copy-paste error in the document filed on May 30, 2026. The correction ensures the report accurately reflects the auditors' conclusion on the consolidated financial statements.

The Board of Directors had approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, on May 30, 2026. The results, prepared in accordance with Indian Accounting Standards (Ind AS), were initially accompanied by the erroneous auditor's report. The revised filing includes the corrected Independent Auditor's Report for the consolidated financial statements, along with a clarification letter from the auditors.

For the financial year ended March 31, 2026, the company reported a consolidated profit of ₹5214.14 lakh, compared to ₹1082.73 lakh in the previous year. Total income rose to ₹12309.61 lakh from ₹22273.07 lakh in the prior year. The standalone financial results showed a profit of ₹5300.25 lakh for the current year, up from ₹1082.73 lakh in the previous year.

The auditors identified allowance for credit losses and inventory valuation as key audit matters. They drew attention to a provision created towards compensation payable, as per management's assessment, and its consequential financial impact on liabilities as at March 31, 2026. The auditors confirmed that the company has adequate internal financial controls over financial reporting that were operating effectively as of the balance sheet date.

The company reported that it had earned a cash profit in the financial year 2025-26 and the immediately preceding financial year 2024-25. Additionally, the auditors stated that no material uncertainty exists regarding the company's ability to meet its liabilities within a period of one year from the balance sheet date.