Shree Rajiv Lochan Oil Extraction Limited reported a standalone net profit of ₹0.61 lakh for the quarter ended March 31, 2026, reversing from a profit of ₹6.84 lakh in the corresponding period of the previous year. For the financial year ended March 31, 2026, the company returned to profitability with a net profit of ₹6.87 lakh, compared to a net loss of ₹12.68 lakh in the previous year. The Board of Directors approved the audited financial results at a meeting held on May 29, 2026.

The company's total income for the quarter stood at ₹2.62 lakh, a decrease from ₹9.25 lakh in the same quarter last year. Total expenses for the quarter were reported at ₹0.70 lakh, significantly lower than the ₹2.41 lakh recorded in the corresponding previous period. The basic and diluted earnings per share (EPS) for the quarter were ₹0.01, down from ₹0.17 in the prior year.

Auditor's Disclaimer of Opinion

Milind Nyati & Co. LLP, the statutory auditors, issued a disclaimer of opinion on the standalone financial results. The auditors noted that the company has disposed of its principal manufacturing plant, which was its primary operating asset, and has not carried out significant operating activities since, relying primarily on investment income. The report highlighted that management did not provide a formal assessment of the company's ability to continue as a going concern, including necessary future business plans and projected cash flows. Consequently, the auditors were unable to obtain sufficient evidence regarding the appropriateness of the going concern basis of accounting.

Financial Performance Summary

The following table outlines the key financial metrics for the quarter and year ended March 31, 2026:

Board Appointments

Alongside the financial results, the Board appointed Samantrai Prashant & Co., Company Secretaries, as the secretarial auditor for the financial year 2025-2026. Additionally, Goel & Goyal, Chartered Accountants, were appointed as internal auditors for the financial year 2026-2027. Both appointments are effective from May 29, 2026.

Shree Rajiv Lochan Oil Extraction Ltd has announced that its board of directors will meet on Friday, May 29, 2026, to discuss and approve the company's financial performance for the recent period. The meeting is scheduled to take place at 2:30 p.m. at the registered office located at 27/3, Jawahar Nagar, Near Agrasen Bhawan, Raipur, Chhattisgarh.

Agenda for the Meeting

The primary agenda item for the upcoming board meeting is to consider and take on record the audited financial results of the company for the quarter and year ended March 31, 2026. This disclosure will provide insights into the company's operational and financial standing for the full fiscal year.

Auditor Appointments

In addition to the financial results, the board will also address administrative matters regarding compliance and auditing. The directors will consider the appointment of a secretarial auditor for the financial year that ended on March 31, 2026. Furthermore, the meeting will include discussions to appoint an internal auditor for the upcoming financial year ending on March 31, 2027.

Meeting Details

The intimation was sent to the BSE Ltd. pursuant to Regulation 29 read with Regulation 33 of the Listing Regulations. The meeting will also cover any other business with the permission of the Chair.