Royal India Corporation Limited (RICL) has announced significant changes in its leadership and capital structure, as approved by its Board of Directors on October 30, 2025.

New CFO Appointment

The company has appointed Mohit Kothari as its new Chief Financial Officer (CFO) and Key Managerial Personnel, effective immediately. Kothari brings a decade of experience in trading gold and bullions, which aligns with RICL's business focus.

Proposed Warrant Issue

RICL's Board has approved the issuance of up to 5 crore warrants convertible into equity shares through preferential allotment. This decision is subject to shareholder approval and compliance with regulatory requirements.

Key Details of the Warrant Issue

Allotment to Non-Promoter Entities

The warrants are proposed to be issued to four non-promoter entities:

Potential Impact on Shareholding

If all warrants are converted, it could significantly alter the company's shareholding structure:

The proposed warrant issue, if fully subscribed and converted, may lead to a dilution of existing shareholdings while potentially providing the company with additional capital for its operations or expansion plans.

These corporate actions signal potential changes in Royal India Corporation's financial strategy and capital structure. Shareholders and potential investors should closely monitor further developments and official communications from the company regarding these matters.

Royal India Corp announced a significant change in its top management as Chief Financial Officer (CFO) Manish Navnit Shah tendered his resignation, effective August 12, 2025. The company disclosed this information in a regulatory filing to the Bombay Stock Exchange (BSE) on August 13, 2025.

Resignation Details

Mr. Shah's departure from the role of CFO is attributed to personal reasons and prior commitments. The company emphasized that there were no other material reasons connected to Royal India Corp for his resignation. The resignation takes effect from the close of business hours on August 12, 2025.

Regulatory Compliance

In adherence to the Securities and Exchange Board of India (SEBI) regulations, specifically Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Royal India Corp promptly informed the BSE about this development. The company also provided additional details as mandated by the SEBI Circular dated July 13, 2023.

Management Statement

Nitin Gujral, the Managing Director of Royal India Corp, signed the regulatory filing, ensuring compliance with the necessary disclosure requirements. The company has not yet announced a successor for the CFO position.

Impact and Next Steps

While the departure of a key executive like the CFO can be significant for any organization, Royal India Corp has not provided any immediate information regarding the transition plan or the search for a new CFO. Shareholders and market observers will likely be watching closely for any updates on the company's financial leadership in the coming weeks.

Royal India Corp, listed on the BSE, will need to navigate this transition carefully to maintain investor confidence and ensure continuity in its financial operations.