Resourceful Automobile Shareholders Unanimously Approve New Statutory Auditor Appointment

Resourceful Automobile Limited shareholders have unanimously approved the appointment of N G M K S & Associates as the company's new statutory auditors during the first extraordinary general meeting (EGM) held on January 8, 2026. The resolution was passed with complete consensus, receiving 1,632,335 votes in favor and zero votes against.

Meeting Details and Participation

The EGM was conducted through video conferencing and other audio-visual means from 1:00 PM to 1:15 PM on January 8, 2026. The meeting saw participation from key stakeholders, with 2 promoter group members and 4 public shareholders attending through video conferencing.

Meeting Parameter:	Details
Meeting Type:	Extraordinary General Meeting
Date:	January 8, 2026
Duration:	1:00 PM to 1:15 PM
Mode:	Video Conferencing/Audio Visual Means
Record Date:	January 2, 2026
Total Shareholders on Record:	431

Voting Results and Shareholder Response

The voting results demonstrated strong shareholder support for the auditor appointment. The promoter and promoter group, holding 1,631,143 shares, achieved a 99.9995% voting participation rate with 1,631,135 votes cast entirely in favor of the resolution.

Voting Category:	Shares Held	Votes Polled	Participation %	Votes in Favor
Promoter Group:	1,631,143	1,631,135	99.9995%	1,631,135
Public Non-Institutions:	1,024,802	1,200	0.1171%	1,200
Public Institutions:	0	0	0%	0
Total:	2,655,945	1,632,335	61.4597%	1,632,335

Auditor Appointment Details

The resolution approved the appointment of M/s N G M K S & Associates, Chartered Accountants (FRN: 024492N), as statutory auditors to fill the casual vacancy created by the resignation of the existing statutory auditors. This ordinary resolution was necessary to ensure continuity in the company's audit functions.

Scrutinizer and Compliance

CS Sumit Bajaj of Sumit Bajaj & Associates (Membership Number: A45042) served as the scrutinizer for the voting process. The scrutinizer was appointed by the board on December 17, 2025, and submitted the voting results report on January 9, 2026. The voting process was conducted through the Central Depository Services (India) Limited platform, with remote e-voting available from January 5-7, 2026.

Corporate Information

Resourceful Automobile Limited operates under CIN U50401DL2018PLC329756 and trades on BSE with scrip code 544236. The company is headquartered at K-24, Rajapuri, Sector-3, Dwarka, New Delhi-110059. The EGM notice was issued on December 17, 2025, providing shareholders with adequate time to participate in the voting process.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-100.00%	0.0%	-100.00%	-100.00%	-100.00%	-100.00%

Resourceful Automobile Limited (RAL) has reported a significant turnaround in its financial performance for the first half of the fiscal year 2026, marking a shift from losses to profits. The company, which recently went public through an SME IPO, has also nearly exhausted its IPO proceeds, indicating rapid deployment of funds.

Financial Performance

For the six months ended September 30, 2025, RAL posted a net profit of ₹21.27 lacs, a substantial improvement from the loss of ₹68.38 lacs reported in the same period last year. This turnaround reflects a positive shift in the company's operational efficiency and market performance.

The company's revenue from operations for H1 FY26 stood at ₹811.79 lacs, slightly lower than the ₹812.20 lacs reported in H1 FY25.

Key Financial Metrics

Particular	H1 FY26 (₹ in lacs)	H1 FY25 (₹ in lacs)
Revenue from Operations	811.79	812.20
Net Profit/(Loss)	21.27	(68.38)
Earnings per Share (Basic)	0.80	(2.57)

The company's earnings per share (EPS) improved to ₹0.80 for H1 FY26, compared to a negative EPS of ₹(2.57) in the same period last year, reflecting the positive impact of the profit turnaround on shareholder value.

IPO Fund Utilization

RAL has made significant progress in utilizing the funds raised through its SME IPO. Out of the total ₹1,134.02 lacs raised, the company has deployed ₹1,132.36 lacs, leaving only ₹1.66 lacs unutilized. The funds were allocated as follows:

Working capital requirements: ₹552.26 lacs (fully utilized)
Repayment of debts: ₹455.90 lacs (fully utilized)
General corporate purposes: ₹124.20 lacs utilized out of ₹125.86 lacs allocated

The remaining ₹1.66 lacs is currently held in an escrow account with Axis Bank Ltd., and the company is in the process of utilizing these funds for general corporate purposes.

Balance Sheet Highlights

As of September 30, 2025, RAL reported total assets of ₹3,209.26 lacs, up from ₹2,550.68 lacs as of March 31, 2025. The company's shareholders' funds stood at ₹1,705.18 lacs, indicating a strong equity base.

Conclusion

Resourceful Automobile Limited's financial results for H1 FY26 demonstrate a significant improvement in profitability and efficient utilization of IPO funds. The company's transition from losses to profits, coupled with the near-complete deployment of IPO proceeds, indicates positive momentum in its operations and financial management. These developments may be viewed as encouraging signs for the company's performance in the automobile accessories and spare parts sector.