Board Meeting12 May 2026, 04:27 pm
Raj Oil Mills Approves ₹9.2 Cr Fund Raise via Preferential Issue
AI Summary
Raj Oil Mills Ltd's board approved the audited financial results for the year ended March 31, 2026. The board also approved raising funds up to ₹9.2 Cr through a preferential issue of equity shares and warrants. Additionally, M/s. T M Dalal & Company was appointed as Internal Auditor and M/s. Vinod C. Subramaniam & Co. as Cost Accountants for FY 2026-27, subject to shareholder ratification. A postal ballot notice for member approval has been issued.
Key Highlights
- Audited financial results for the year ended March 31, 2026, approved.
- Fund raising of ₹9.2 Cr approved via preferential issue of equity shares and warrants.
- 10,00,000 Equity Shares and 10,00,000 Equity Warrants to be issued at ₹46 each.
- M/s. T M Dalal & Company appointed as Internal Auditor for FY 2026-27.
- M/s. Vinod C. Subramaniam & Co. appointed as Cost Accountants for FY 2026-27, subject to ratification.
Price Impact
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