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.

Royal India Corp reported a significant contraction in profitability for the first quarter of FY27, with consolidated net profit falling to ₹19.29 lakh. This represents a 40% decline compared to the ₹32.25 lakh profit recorded in the corresponding quarter of FY26. The decline was driven by a sharp drop in operational revenue, which slid to ₹36.33 lakh from ₹416.70 lakh a year ago.

The company’s board of directors approved the unaudited financial results at a meeting held on August 12, 2026. The results have been reviewed by RAKCHAMPS & Co. LLP, the independent auditors, who issued a limited review report stating that nothing came to their attention to suggest material misstatement. The unaudited results were published in Financial Express and Mahasagar newspapers on August 13, 2026, pursuant to Regulation 30 and 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Consolidated Financial Performance

Consolidated revenue from operations dropped significantly to ₹36.33 lakh in Q1FY27, down from ₹416.70 lakh in Q1FY26. While other income contributed ₹14.49 lakh to total income, it was insufficient to offset the operational decline. Total expenses stood at ₹31.53 lakh, including cost of materials consumed at ₹110.25 lakh and finance costs of ₹4.09 lakh.

Earnings per share (basic) declined to ₹0.16 from ₹0.30 in the previous year’s quarter. The public shareholding remained stable at 57.53%, with 6.79 crore shares held by public investors out of a total equity base of 11.80 crore shares.

Standalone Results

On a standalone basis, Royal India Corporation posted a net profit of ₹22.31 lakh, down 31% from ₹32.25 lakh in Q1FY26. Revenue from operations fell to ₹30.83 lakh from ₹416.70 lakh year-ago. Other income contributed ₹12.06 lakh. Total expenses were contained at ₹20.58 lakh, driven largely by cost of materials consumed at ₹105.55 lakh and inventory changes of -₹89.45 lakh.

Standalone basic EPS decreased to ₹0.19 from ₹0.30 in the prior period. The reconciliation between IGAAP and IND AS showed an impact of ₹10.17 lakh on comprehensive income for the quarter.

What the Numbers Show

The divergence between the sharp decline in revenue and the relatively smaller decline in net profit highlights the role of non-operational items. In Q1FY27, other income constituted approximately 28% of total income on a consolidated basis, up from just 2% in Q1FY26. This shift indicates a higher dependency on non-operating inflows during the current quarter as core bullion revenues contracted by over 90%. Additionally, the bullion segment, which accounted for the entirety of operational revenue, saw its segment result drop to ₹14.74 lakh from ₹38.22 lakh, signaling sustained pressure in the primary business line.