Shree Rajiv Lochan Oil Extraction Limited conducted its Independent Directors meeting on March 23, 2026, fulfilling mandatory corporate governance requirements under regulatory guidelines. The meeting, which commenced at 12:00 Noon, focused on comprehensive performance evaluations and governance assessments as required under company law provisions.

Meeting Agenda and Key Discussions

The independent directors addressed three critical governance areas during their session. The meeting covered essential oversight functions that form the cornerstone of effective corporate governance in listed companies.

Performance Evaluation Framework

The independent directors conducted a thorough review of the company's leadership structure and operational effectiveness. Their evaluation encompassed multiple dimensions of board functionality and strategic oversight.

Key evaluation parameters included:

• Performance assessment of non-independent directors
• Overall board effectiveness evaluation
• Chairman's leadership and strategic guidance review
• Quality assessment of information flow between management and board
• Timeliness evaluation of critical business information sharing

Regulatory Compliance and Disclosure

The meeting outcomes were formally communicated to BSE Limited on March 23, 2026, ensuring compliance with Regulation 30 disclosure requirements. Managing Director Harish Raheja digitally signed the disclosure document, confirming the company's adherence to corporate governance standards and transparency obligations.

The company maintains its registered office at 27/3, Jawahar Nagar, Near Agrasen Bhawan, Raipur-492001, Chhattisgarh, and trades under BSE script code 530295. This independent directors meeting represents part of the company's ongoing commitment to maintaining robust governance practices and regulatory compliance in its operations.

Shree Rajiv Lochan Oil Extraction Limited has announced its unaudited financial results for the quarter ended December 31, 2025, revealing a significant decline in quarterly profitability despite maintaining positive earnings. The Board of Directors approved these results during their meeting held on January 12, 2026.

Financial Performance Overview

The company's financial performance for Q3FY26 showed mixed results when compared to previous periods:

Revenue and Income Analysis

Shree Rajiv Lochan Oil Extraction Limited reported zero revenue from operations during Q3FY26, consistent with previous quarters. The company's total income of ₹7.49 lakhs was entirely derived from other income sources, which decreased by 22.06% compared to ₹9.61 lakhs in Q3FY25. However, other income showed sequential improvement, rising from ₹6.74 lakhs in Q2FY26.

Expense Structure

The company's expense profile for Q3FY26 revealed specific cost components:

Employee benefits expense increased significantly by 47.37% to ₹1.40 lakhs, while other expenses rose by 25.73% to ₹4.30 lakhs. The company reported no finance costs, depreciation, or material consumption expenses during the quarter.

Nine-Month Performance

For the nine months ended December 31, 2025, Shree Rajiv Lochan Oil Extraction Limited demonstrated a remarkable turnaround in its financial performance:

The nine-month results showed the company moving from a loss of ₹20.06 lakhs in the previous year to a profit of ₹6.26 lakhs in the current period, representing a significant operational improvement.

Earnings Per Share

The company's earnings per share metrics reflected the decline in quarterly profitability. Basic and diluted EPS for Q3FY26 stood at ₹0.04 each, down from ₹0.11 in the corresponding quarter of the previous year. For the nine-month period, EPS improved to ₹0.16 from negative ₹0.50 in the previous year.

Regulatory Compliance

The financial results were reviewed by the Audit Committee and approved by the Board of Directors during their meeting on January 12, 2026. The results have been prepared in accordance with Indian Accounting Standards (Ind AS) notified under the Companies (Indian Accounting Standards) Rules, 2015. CA Milind Nyati & Co. conducted a limited review of the unaudited financial results as required under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.