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Rajoo Engineers Proposes 5-Year Re-appointment for Top Management and 21% Profit Remuneration Cap
Rajoo Engineers has issued a postal ballot notice to seek shareholder approval for the re-appointment of its core leadership team for a five-year term starting June 1, 2026. The resolutions cover the re-appointment of Rajesh N. Doshi as Chairman, Khushboo C. Doshi as Managing Director, and Utsav K. Doshi as Joint Managing Director. Notably, the company has proposed an aggregate remuneration cap for all directors and managerial personnel at 21% of net profits. Shareholders are invited to cast their votes electronically between April 30 and May 29, 2026.
Key Highlights
Proposed 5-year re-appointment of Chairman, MD, and Joint MD effective from June 1, 2026.
Aggregate managerial remuneration capped at 21% of net profits, exceeding standard Section 197 limits.
Remote e-voting period scheduled from April 30, 2026, to May 29, 2026.
Cut-off date for shareholder eligibility to vote is April 24, 2026.
💼 Action for Investors
Investors should support the resolutions to ensure leadership continuity, but may want to monitor if actual remuneration remains reasonable relative to the 21% profit cap.
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Rajoo Engineers Recommends ₹0.15 Final Dividend for FY 2025-26
Rajoo Engineers has recommended a final dividend of ₹0.15 per equity share of ₹1 each for the financial year 2025-26. The Board also approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, with an unmodified audit opinion. Additionally, the company announced the resignation of its Company Secretary, Nikhil V. Gajjar, effective April 30, 2026. Re-appointments of internal and cost auditors for the 2026-27 fiscal year were also confirmed during the meeting.
Key Highlights
Recommended a final dividend of ₹0.15 per equity share (15% of face value) for FY 2025-26.
Approved audited standalone and consolidated financial results for the year ended March 31, 2026.
Statutory auditors issued a declaration regarding an audit report with an unmodified opinion.
Resignation of Company Secretary & Compliance Officer Nikhil V. Gajjar effective April 30, 2026.
Re-appointment of M/s. Savjani and Associates as Internal Auditors for FY 2026-27.
💼 Action for Investors
Investors should note the dividend recommendation which is subject to shareholder approval at the upcoming AGM. The unmodified audit opinion on the annual results provides assurance regarding the company's financial reporting integrity.
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Rajoo Engineers Approves FY26 Results, Recommends ₹0.15 Final Dividend
Rajoo Engineers Limited has approved its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The Board has recommended a final dividend of ₹0.15 per equity share of ₹1 each, representing a 15% payout on face value. The statutory auditors have issued an unmodified opinion, confirming the reliability of the financial statements. Additionally, the company announced the resignation of its Company Secretary and Compliance Officer, Mr. Nikhil V. Gajjar, effective April 30, 2026.
Key Highlights
Recommended a final dividend of ₹0.15 per equity share for the financial year 2025-26.
Approved audited standalone and consolidated financial results for the year ended March 31, 2026.
Statutory auditors issued a declaration of an unmodified opinion on the financial reports.
Resignation of Mr. Nikhil V. Gajjar as Company Secretary and Compliance Officer effective April 30, 2026.
Re-appointed Savjani and Associates as Internal Auditors for the financial year 2026-27.
💼 Action for Investors
Investors should monitor the detailed profit and loss statements to assess year-on-year growth trends. The dividend recommendation indicates stable cash flows and a commitment to shareholder returns.
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Rajoo Engineers Clarifies Overstated Q3 FY26 PAT Due to Tax Provision Reporting Error
Rajoo Engineers Limited has provided a clarification to the National Stock Exchange regarding an error in its Q3 FY26 financial results. The company admitted that 'Excess / Short Provision Written-Off' under Tax Expense was inadvertently not deducted in the consolidated results. This error resulted in the initial reporting of overstated Net Profit (PAT) and Earnings Per Share (EPS) figures. The company has since filed a corrigendum with revised financial results to rectify the mismatch between its PDF and XBRL filings.
Key Highlights
Initial Q3 FY26 consolidated Net Profit and EPS were overstated due to a tax accounting error
The error involved failing to deduct 'Excess / Short Provision Written-Off' from the Tax Expense head
A mismatch was identified between the XBRL data and the PDF financial results submitted on January 20, 2026
The company has issued a corrigendum with revised figures to the exchange to correct the reporting lapse
💼 Action for Investors
Investors should refer to the revised financial results rather than the initial January 20 submission to evaluate the company's actual performance. While the correction was proactive, the reporting error suggests a need for closer scrutiny of the company's internal financial controls.
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Rajoo Engineers Corrects Q3 FY26 Net Profit to ₹16.82 Cr Following Tax Provision Error
Rajoo Engineers issued a corrigendum for its Q3 and 9M FY26 financial results to rectify an inadvertent error where 'Excess/Short Provision Written-Off' was not deducted from tax expenses. This correction resulted in a downward revision of the previously reported net profit, which was overstated. Despite this technical correction, the company's financial performance remains robust, with Q3 revenue growing 56% year-on-year to ₹87.60 crore. For the nine-month period, net profit has more than doubled compared to the previous year, reaching ₹44.85 crore.
Key Highlights
Q3 FY26 Revenue from operations increased to ₹87.60 crore from ₹56.08 crore in Q3 FY25.
Corrected Net Profit for Q3 FY26 stands at ₹16.82 crore after adjusting for tax provision errors.
9M FY26 Consolidated Revenue reached ₹264.92 crore, a significant jump from ₹163.76 crore YoY.
Consolidated Net Profit for 9M FY26 more than doubled to ₹44.85 crore from ₹21.47 crore in the prior year.
Basic and Diluted EPS for the quarter ended December 31, 2025, is reported at ₹0.92.
💼 Action for Investors
Investors should update their records with the corrected profit figures but remain focused on the company's strong operational growth and doubling of nine-month profits. The correction is a non-operational accounting adjustment and does not change the underlying business trajectory.
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Rajoo Engineers Q3 Net Profit Surges 90% YoY to ₹17.88 Cr; Revenue Up 56%
Rajoo Engineers reported a strong year-on-year performance for the quarter ended December 31, 2025, with consolidated net profit rising 90% to ₹17.88 crore. Revenue from operations grew by 56% YoY to ₹87.60 crore, despite a slight sequential decline from Q2. The nine-month (9M) performance is exceptionally robust, with net profit more than doubling to ₹47.07 crore compared to ₹22.77 crore in the previous year. The company's subsidiary, Kohli Printing, contributed ₹2.60 crore to the quarterly profit, highlighting successful diversification.
Key Highlights
Consolidated Revenue for Q3 FY26 grew 56.2% YoY to ₹87.60 crore from ₹56.08 crore.
Net Profit for the quarter jumped 90.2% YoY to ₹17.88 crore compared to ₹9.40 crore in Q3 FY25.
9M FY26 Net Profit reached ₹47.07 crore, already surpassing the full-year FY25 profit of ₹38.12 crore.
Basic EPS increased significantly to ₹0.94 in Q3 FY26 from ₹0.56 in the corresponding quarter last year.
Subsidiary Kohli Printing and Converting Machines reported a healthy profit after tax of ₹2.60 crore for the quarter.
💼 Action for Investors
The company is exhibiting strong growth momentum with 9-month profits already exceeding the previous full year's performance. Investors should maintain a positive outlook while monitoring the sustainability of high margins in the coming quarters.
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Rajoo Engineers Appoints Ms. Lakshmi Ramakrishnan as Independent Director for 5-Year Term
Rajoo Engineers has received shareholder approval via postal ballot for the appointment of Ms. Lakshmi Ramakrishnan as a Non-Executive Independent Director. She brings over 28 years of extensive experience in manufacturing and engineering, having previously served as the CEO of Essen Speciality Films where she managed an annual turnover exceeding Rs. 100 Crores. Her five-year term is effective from September 23, 2025, and she is expected to strengthen the board's expertise in corporate governance and strategic operations.
Key Highlights
Appointment of Ms. Lakshmi Ramakrishnan as Independent Director for a 5-year term starting September 23, 2025.
Brings over 28 years of industry experience (1992–2020) across manufacturing, engineering, and retail sectors.
Former CEO of Essen Speciality Films, where she led the company to an annual turnover exceeding Rs. 100 Crores.
Extensive experience in corporate governance and managing audits for global organizations like IKEA and Walmart.
💼 Action for Investors
Investors should view this as a positive governance move that adds seasoned leadership and operational expertise to the board. No immediate action is required, but the appointment strengthens the company's strategic oversight.