Royal India Corporation Limited has successfully completed its postal ballot process, with shareholders demonstrating overwhelming support for key corporate governance initiatives. The company announced the results on February 16, 2026, following the conclusion of the e-voting period that ran from January 15 to February 13, 2026.

Postal Ballot Results Overview

The postal ballot covered three special resolutions, all of which received strong shareholder approval. The voting process was conducted entirely through electronic means, with the cut-off date set as January 9, 2026, for determining eligible shareholders.

Key Resolutions Approved

The first resolution involved the appointment of Mr. Ikerath Joseph Sam (DIN: 00089946) as an Executive and Non-Independent Director for Business Development and Marketing. This strategic appointment received support from 64 members representing 18,749,173 votes.

The second resolution concerned the re-appointment of Mr. Jinesh Mehta (DIN: 05226043) as an Independent Director of the company. This governance-related decision also secured approval from the same number of voting members.

The third resolution focused on amending the Object Clause of the company's Memorandum of Association, which received support from 65 members with 18,749,180 votes in favour.

Voting Participation Analysis

The voting pattern showed strong alignment between promoter and public shareholders, with both categories demonstrating near-unanimous support for all resolutions. Notably, the promoter group showed 100% support with zero votes against any resolution.

Scrutinizer's Validation

Kaushal Doshi, Practicing Company Secretary and proprietor of M/s. Kaushal Doshi & Associates, served as the appointed scrutinizer for the postal ballot process. The scrutinizer confirmed that all procedural requirements under Section 108 and Section 110 of the Companies Act, 2013, along with SEBI regulations, were properly followed.

The e-voting facility was provided through National Securities Depository Limited (NSDL), ensuring secure and transparent voting mechanisms. The postal ballot notice was distributed electronically to registered shareholders and published in Financial Express and Apla Mahanagar newspapers.

Regulatory Compliance

The company maintained full compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, particularly Regulation 44 concerning voting results disclosure. The results and scrutinizer's report have been uploaded on the company's website at www.ricl.in and communicated to BSE Limited under scrip code 512047.

The successful completion of this postal ballot process strengthens Royal India Corporation Limited's corporate governance framework and positions the company for enhanced business development activities under the newly appointed executive director's leadership.

Royal India Corp announced its Q3FY26 financial results for the quarter ended December 31, 2025, presenting a mixed performance with improved profitability despite operational revenue challenges. The company's Board of Directors approved the unaudited standalone and consolidated financial results during their meeting held on February 12, 2026.

Standalone Financial Performance

The company's standalone results for Q3FY26 showed significant improvement in bottom-line performance despite revenue headwinds. Royal India Corp reported zero revenue from operations during the quarter, a sharp decline from ₹5,855.84 lakhs recorded in Q3FY25.

Despite the absence of operational revenue, the company managed to achieve profitability through effective cost management and other income streams. Total expenses decreased significantly to ₹46.26 lakhs in Q3FY26 from ₹5,959.44 lakhs in Q3FY25.

Nine-Month Performance Analysis

The nine-month period ended December 31, 2025, demonstrated the company's recovery trajectory with substantial improvement in profitability metrics.

The company successfully turned around from a loss of ₹7.29 lakhs in the nine-month period of FY25 to a profit of ₹566.08 lakhs in the corresponding period of FY26.

Consolidated Results

The consolidated financial results mirrored the standalone performance trends, though with slightly lower profitability figures. For Q3FY26, consolidated profit stood at ₹41.37 lakhs compared to ₹9.03 lakhs in Q3FY25. The nine-month consolidated profit reached ₹521.75 lakhs against a loss of ₹7.29 lakhs in the previous year.

Segment-wise Performance

Royal India Corp operates primarily in the bullion segment, with additional exposure to diamonds, jewellery, securities, and other segments. The bullion segment showed operational challenges during Q3FY26:

The 'Others' segment, which includes various income streams, remained relatively stable and contributed significantly to the overall profitability.

Share Capital and Shareholding

The company's total share count increased to 11,79,70,000 shares in the current period from 10,94,70,000 shares in the corresponding quarter of the previous year. Public shareholding stood at 8,03,55,498 shares, representing 68.12% of total equity shares.

Operational Highlights

The company reported zero investor complaints during the quarter ended December 31, 2025, with no pending complaints at the beginning or end of the quarter. The financial results were prepared in accordance with Indian Accounting Standards (Ind AS) and received limited review from statutory auditors M/s Rakchamps & Co. LLP.