Royal India Corporation Ltd

Royal India Corporation Ltd — Trading window closed from October 01, 2026 for quarter and half ended September 30, 2026; will open 48 hours after the said financial results are declared to the Stock Exchanges.

Financial snapshot

• Total revenue FY2025-26: 1,21,63,41,252 INR.
• Net profit after tax: 53,00,24,874 INR.
• Profit before tax: 77,78,50,380 INR.
• EPS: ₹4.49 (basic); ₹4.66 (diluted).
• Dividend for FY2025-26: not declared.
• Paid-up equity capital after warrant conversion: ₹1,17,97,00,000.
• Operating cash flow: ₹1,01,92,91,950.
• RoNW: 38.91%; Current ratio: 2.69.
• Debt-Equity: 0.09; Debtors turnover: 4.88x; Inventory turnover: 1.04x.
• Interest coverage: 44.85x.

Business strategy & developments

• Diversified portfolio across Gold, Stone Mining, Defence, Real Estate.
• Invested 100% in SIMPL; EQPL ceased to be subsidiary.
• STPL incorporated as wholly owned subsidiary; SIMPL to transfer equity.
• MOU with GET Rosatom to enter defence sector.
• Kalyan Marina project divested; exploring new project opportunities.
• Venturing into mining materials and related design applications.

Capital structure & equity actions

• Converted 85 lakh warrants into equity; promoter/group participation.
• Paid-up capital increased to ₹1,17,97,00,000.
• No differential voting rights, bonus issues, ESOPs in FY2025-26.
• Subsidiaries: SIMPL and STPL; EQPL ceased as subsidiary.

Governance & leadership changes

• Board: 6 directors; 3 executives and 3 independent.
• Raja Kantilal Minesh joined as Independent Director on 7 Jun 2025.
• Vaishali Baria resigned as Independent Director on 7 Jun 2025.
• CFO: Manish Shah resigned Aug 13, 2025; Mohit Kothari appointed Oct 30, 2025.
• Ikerath Joseph Sam appointed Executive Director Nov 14, 2025; resigned Apr 16, 2026.
• Rishabh Sareen appointed Executive Director Apr 30, 2026.
• Nitin Gujral reappointed as MD for five years from Aug 8, 2026.
• Jinal Shah resigned as Company Secretary Aug 31, 2026.
• ID familiarization program conducted Feb 12, 2026.

Audits, controls & compliance

• Statutory auditors: Rakchamps & Co. LLP; Secretarial: Mayank Arora & Co.; Internal: M Borar & Co.
• Auditors’ reports: no qualifications; internal controls adequate.
• CEO/CFO certification provided for FY2025-26.

Regulatory & compliance flags

• Secretarial: delays in XBRL filings for appointments; PDF intimation delays noted.
• observations: MD/CFO and internal audit disclosures in MD&A; actions planned.

Risks & outlook

• Regulatory and environmental clearances may affect mining timelines.
• Geopolitical and supply chain disruptions could impact defence initiatives.
• Gold price volatility and interest-rate changes could affect margins.

Subsidiaries & group structure

• SIMPL and STPL are wholly owned subsidiaries; EQPL ceased as subsidiary.
• Group includes two wholly owned subsidiaries with SIMPL as key platform.
• Suryam India Minecorp (SIMPL) strategy supports mining vertical expansion.

Shareholder communications & CSR

• Annual Report and AGM notice available on company website.
• CSR provisions not applicable; CSR committee exists and policy hosted on website.

AGM details

• Date and time: 30 September 2026 at 11:45 a.m.
• Venue: Ground Floor, Runanubandh Hall, Yashwantrao Chavan Centre, Nariman Point, Mumbai.
• Mode: physical in-person meeting.
• Record/book closure: 24 September 2026 to 30 September 2026 (inclusive).

Ordinary business

• Adopt Audited Standalone Financial Statements for year ended 31 March 2026.
• Re-appoint Sourav Sharma as Director, retiring by rotation.

Special business

• Re-appoint Nitin Gujral as Managing Director for five years (08 Aug 2026 to 08 Aug 2031).
• Remuneration: Rs 5,40,000 per annum, with potential board-based increments; sitting fees allowed; designated as Key Managerial Personnel.

Director changes

• Sourav Sharma to be re-appointed as Director (by rotation).
• Nitin Gujral designated as Key Managerial Personnel.

Voting results

• Voting results not disclosed in this filing.

Financial performance

• Revenue (net + other income) declined to ₹1,21,63,41,252 from ₹2,22,73,06,611.
• Net profit after tax rose to ₹53,00,24,874 from ₹10,82,72,770.
• EPS (basic) ₹4.49; EPS (diluted) ₹4.66.
• Dividend not declared for FY2025-26.
• Capex focused on securing ethically sourced gold and strengthening inventories.
• Kalyan Marina Project divested; exploring Real Estate, Mining, Nuclear & Defence opportunities.
• 85,00,000 warrants converted into equity; paid-up capital ₹1,17,97,00,000.
• SIMPL and STPL are wholly owned; EQPL ceased as subsidiary after transfer of 9,00,981 shares.
• Consolidated revenue from operations ₹46,55,00,448; consolidated PAT ₹52,14,14,405.

Capital structure & shareholder actions

• Paid-up equity capital ₹1,17,97,00,000; up from ₹1,09,47,00,000.
• Standalone equity ₹1,17,97,00,000; consolidated equity ₹1,40,78,68,188.
• No long-term borrowings outstanding; debt reduced; debt/equity 0.09.
• Cash & cash equivalents year-end ₹1,04,46,217 (standalone).
• Bankers: ICICI Bank, IndusInd Bank, HDFC Bank.

Segment/operational highlights

• Gold market segment delivered strong liquidity and steady revenue; hedging in place.
• Stone mining operations await environmental clearance; no revenue yet.
• Defence: foray via STPL and MOU with GET Rosatom; no revenue yet.
• Real estate divested Kalyan Marina; evaluating new opportunities across sectors.

Governance & leadership

• Board: 6 directors, 3 executive, 3 independent; independent directors 50%.
• Raja Kantilal Minesh appointed Independent Director on 7-Jun-2025.
• Vaishali Baria resigned from Board and committees on 7-Jun-2025.
• CFO changes: Manish Shah resigned 12-Aug-2025; Mohit Kothari appointed 30-Oct-2025.
• Ikerath Joseph Sam joined 14-Nov-2025; resigned 16-Apr-2026.
• Rishabh Sareen appointed 30-Apr-2026 as Executive Director.
• Nitin Gujral reappointed as MD for five years from 8-Aug-2026.
• Jinal Shah left role as Company Secretary on 31-Aug-2026.

Audit, risk & internal controls

• Statutory auditors Rakchamps & Co. LLP; internal auditors M Borar & Co; secretarial Mayank Arora & Co.
• Standalone and consolidated financials are unqualified; no material audit qualification.
• Secretarial compliance: some governance observations; delays in XBRL filings and PDF intimation.
• Internal controls robust; no material weaknesses observed.

Regulatory, compliance & outlook

• XBRL filing delays observed; remedial actions taken; compliance strengthened.
• CSR not applicable; CSR Committee formed; policy available on website.
• Company pursuing opportunities in mining and real estate; risk factors acknowledged.

Book closure & AGM

• Book closure from 24 September 2026 to 30 September 2026, inclusive.
• Purpose: Annual General Meeting to be held on 30 September 2026 at 11:45 AM.
• AGM date: 30 September 2026.
• Cut-off date for remote e-voting: 23 September 2026.
• Security: Equity shares.

AGM planning & governance

• Approved 42nd AGM on 30 September 2026 at 11:45 a.m.
• Register of Members to be closed from 24 to 30 September 2026.
• Approved e-voting facility and appointed Scrutinizer Kaushal Doshi & Associates for voting scrutiny.
• Approved Board Report, Notice of AGM, and other related matters.

Results overview

• Unaudited standalone and consolidated results for quarter ended June 30, 2026 approved by the Board.
• IND-AS compliant with Limited Review Report.
• Board meeting date: August 12, 2026.

Results and LR approval

• Unaudited standalone and consolidated results for quarter ended June 30, 2026 approved.
• Limited Review Report for quarter ended June 30, 2026 approved.