Raj Oil Mills Addresses Regulatory Disclosure Delay for VP-Sales Resignation
Raj Oil Mills Limited addressed regulatory concerns regarding delayed disclosure of its VP-Sales resignation, explaining internal communication delays to stock exchanges while demonstrating strong corporate governance through board reappointments and improved financial performance with positive equity position.
*this image is generated using AI for illustrative purposes only.
Raj Oil Mills Limited has provided clarification to stock exchanges regarding a delayed disclosure of an executive resignation, while maintaining its commitment to transparent corporate governance alongside recent board strengthening initiatives.
Regulatory Clarification on Disclosure Delay
The company submitted a formal clarification to BSE Limited and National Stock Exchange of India on January 5, 2026, addressing the delayed disclosure of Mr. Rajkumar Sharma's resignation as Vice President - Sales. The resignation, which occurred in May 2024, was disclosed under Regulation 30 of SEBI (LODR) Regulations, 2015.
| Disclosure Details: | Information |
|---|---|
| Original Resignation Date: | April 8, 2024 |
| Last Working Day: | May 6, 2024 |
| Disclosure Date: | May 9, 2024 |
| Clarification Date: | January 5, 2026 |
According to the company's submission, the delay occurred due to internal communication timelines, with the information reaching the Compliance Officer at a later point. The company emphasized that the delay was unintentional and there was no intention to withhold material information from exchanges or investors.
Executive Transition Details
Mr. Rajkumar Sharma, who served as VP-Sales, initially submitted his resignation on April 8, 2024, with a planned last working day of May 23, 2024. However, following management discussions, his tenure was concluded earlier on May 6, 2024. The resignation correspondence reveals that Sharma had completed approximately five months with the company, describing it as a challenging yet learning-oriented period.
Board Strengthening Initiatives
Alongside addressing regulatory compliance matters, Raj Oil Mills has been strengthening its governance structure through strategic board appointments. The company's Board of Directors approved the reappointment of three independent directors for second terms of five years each, subject to shareholder approval.
| 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 |
Financial Performance Highlights
The company's recent financial results demonstrate improved performance, with significant progress in key metrics:
| Financial Metric: | Q2 FY2026 | H1 FY2026 |
|---|---|---|
| Revenue from Operations: | ₹4,024.37 cr | ₹7,384.07 cr |
| Net Profit: | ₹153.37 cr | ₹294.02 cr |
| Earnings per Share (Basic): | ₹1.02 | ₹1.96 |
Notably, the company's total equity position improved significantly to ₹49.97 crore as of September 30, 2025, compared to a negative ₹244.08 crore at the end of the previous fiscal year.
Commitment to Compliance
In its clarification letter signed by Company Secretary & Compliance Officer Priya Pandey, Raj Oil Mills reaffirmed its commitment to timely and transparent disclosures in compliance with SEBI (LODR) Regulations, 2015. The company provided relevant email correspondence to support its explanation and requested the exchanges to take the clarification on record.
Historical Stock Returns for Raj Oil Mills
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.18% | -2.61% | -5.87% | -11.50% | -12.60% | -25.75% |
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