Raj Oil Mills Strengthens Board with Reappointment of Three Independent Directors
Raj Oil Mills Limited has announced the reappointment of three independent directors for second five-year terms, subject to shareholder approval. Mrs. Kiran Raghavendra Awasthi and Mr. Rishang Sanjay Jain's terms will commence from February 13, 2026, while Mr. Unmesh Breed's term starts June 24, 2026. The company also reported improved financial results for Q2 FY2026, with revenue from operations at 4,024.37 and net profit at 153.37. Total equity turned positive at 49.97 crore, compared to a negative 244.08 crore at the end of the previous fiscal year.
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Raj Oil Mills Limited (ROML), a key player in the Indian edible oil industry, has announced the reappointment of three independent directors to its board, reinforcing its commitment to strong corporate governance and diverse expertise.
Board Approvals and Reappointments
The company's Board of Directors, in a meeting held on November 7, 2025, approved the reappointment of three independent directors for second terms of five years each, subject to shareholder approval at the upcoming General Meeting. The reappointments are as follows:
| Director Name | New Term Commencement |
|---|---|
| Mrs. Kiran Raghavendra Awasthi | February 13, 2026 |
| Mr. Rishang Sanjay Jain | February 13, 2026 |
| Mr. Unmesh Breed | June 24, 2026 |
Director Profiles
Mrs. Kiran Raghavendra Awasthi
- Chartered Accountant with over 28 years of experience in Accounts, Finance, and Taxation
- Senior Partner at AMRG & Associates
- Brings expertise in financial management, governance, and analytical leadership
Mr. Rishang Sanjay Jain
- Chartered Accountant with a B.Com from H.R. College, Mumbai
- Achieved All-India Rank 23 in CA exams
- Contributes diverse entrepreneurial and advisory experience, particularly in finance, taxation, and strategic governance
Mr. Unmesh Breed
- 42-year-old advocate with over 13 years of practice in criminal law
- Known for strong courtroom advocacy and strategic case management
- Experience spans trial courts, sessions courts, and High Courts
Financial Performance
Alongside the board reappointments, Raj Oil Mills Limited reported its financial results for the quarter and half-year ended September 30, 2025. Key highlights include:
| Financial Metric | Q2 FY2026 | H1 FY2026 |
|---|---|---|
| Revenue from Operations | 4,024.37 | 7,384.07 |
| Net Profit | 153.37 | 294.02 |
| Earnings per Share (Basic) | 1.02 | 1.96 |
The company has shown improvement in its financial position, with the total equity turning positive at 49.97 crore as of September 30, 2025, compared to a negative 244.08 crore at the end of the previous fiscal year.
Conclusion
The reappointment of these experienced independent directors, coupled with the company's improving financial performance, signals Raj Oil Mills' focus on maintaining strong corporate governance and driving sustainable growth. Shareholders will have the opportunity to approve these reappointments at the upcoming General Meeting, potentially setting the stage for continued stability and expertise in the company's board leadership.
Historical Stock Returns for Raj Oil Mills
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.26% | -2.23% | -3.85% | +2.53% | -13.38% | +173.69% |
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