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Royal India Corporation Ltd (512047)

📊 BSE: 512047 🏢 Gems, Jewellery And Watches 📢 Latest filing: 12 Aug 2026

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Royal India's revenue was ₹3.6 Cr (-91.4% year on year), and net profit ₹1.9 Cr (-35.7% year on year); the operating margin was 26.7%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹3.6	-91.4%	—
Operating profit	₹1.0	-75.7%	from loss
Net profit	₹1.9	-35.7%	-95.9%
EPS (₹)	0.16	-44.8%	-96.0%
Operating margin	26.7%	—	—

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

Royal India Corporation Approves Q1 FY27 Financial Results

🟡 NEUTRAL ⭐ 6/10

EARNINGS 📅 12 Aug 2026, 04:48 PM

Royal India Corporation Ltd has approved its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The board meeting concluded on August 12, 2026, confirming the submission of the Limited Review Report. Due to the illegibility of the provided document extract, specific financial figures such as revenue and net profit for the quarter are not disclosed. Investors should evaluate these results against the company's small market cap of ₹68 Cr and its volatile historical performance.

Board of Directors approved Q1 FY27 results on August 12, 2026
Results include both Standalone and Consolidated financial statements
Limited Review Report for the quarter ended June 30, 2026, was taken on record
Company maintains a low P/E of 1.3 based on TTM PAT of ₹53 Cr

💡 Investors should access the full, legible PDF on the exchange website to verify if the company has resumed revenue generation, as the previous two quarters showed zero revenue despite high net profits.

Royal India Corporation Approves Q1 FY27 Unaudited Financial Results

🟡 NEUTRAL ⭐ 6/10

EARNINGS 📅 12 Aug 2026, 04:20 PM

Royal India Corporation's Board of Directors met on August 12, 2026, to approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The meeting was brief, lasting one hour from 3:00 PM to 4:00 PM. This filing confirms the approval of the results and the limited review report as per SEBI regulations. Investors should evaluate these results against the company's small market cap of Rs 70 Cr and its volatile revenue history, which saw zero revenue in the preceding March 2026 quarter.

Board approved unaudited standalone and consolidated results for the quarter ended June 30, 2026
The board meeting commenced at 03:00 PM and concluded at 04:00 PM on August 12, 2026
Company maintains a low P/E ratio of 1.3 based on TTM PAT of Rs 53 Cr
TTM revenue stands at Rs 46 Cr, significantly impacted by a zero-revenue March 2026 quarter

💡 Investors should examine the detailed financial tables to check for a recovery in operational revenue, which dropped to zero in the previous quarter (March 2026).

Royal India Corp Re-appoints CMD for 5 Years; Divests 10% Stake in Step-down Subsidiary

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 07 Aug 2026, 04:13 PM

Royal India Corporation has approved the re-appointment of Mr. Nitin Gujral as Chairman and Managing Director for a five-year term starting August 8, 2026, at an annual remuneration of ₹5.40 lakh. The company also announced that its subsidiary, Suryam India Minecorp, has sold 9,00,981 shares (a 10% stake) in Exclusive Quarries Private Limited (EQPL), causing EQPL to cease being a step-down subsidiary. Furthermore, the Company Secretary and Compliance Officer, Ms. Jinal Shah, has resigned effective August 31, 2026. These administrative and structural changes follow a year where revenue significantly declined from ₹220 Cr in FY25 to ₹46 Cr in FY26.

Re-appointment of Nitin Gujral as CMD for a 5-year term effective August 8, 2026.
Annual remuneration for the CMD set at ₹5,40,000, subject to shareholder approval.
Divestment of 9,00,981 equity shares representing 10% of Exclusive Quarries Private Limited.
Resignation of Company Secretary Jinal Shah effective from the close of business on August 31, 2026.
Exclusive Quarries Private Limited ceases to be a step-down subsidiary following the stake sale.

💡 Investors should monitor the appointment of a new Compliance Officer and review the upcoming quarterly results to understand the financial impact and cash proceeds from the 10% stake sale in EQPL.

Royal India Corporation to consider Q1 FY27 results on August 12, 2026

🟡 NEUTRAL ⭐ 3/10

BOARD_MEETING 📅 06 Aug 2026, 06:30 PM

Royal India Corporation has scheduled a board meeting for August 12, 2026, to approve standalone and consolidated financial results for the quarter ended June 30, 2026. The company enters this quarter following a volatile FY26, where annual revenue fell 79% to Rs 46 Cr from Rs 220 Cr in FY25. Notably, the company reported a net profit of Rs 53 Cr in FY26, exceeding its total revenue, primarily due to a Rs 47 Cr profit in the March 2026 quarter despite zero revenue. The trading window for designated persons has been closed since July 1, 2026.

Board meeting scheduled for August 12, 2026, to approve Q1 FY27 results.
Trading window closure initiated on July 01, 2026, per SEBI regulations.
Company reported TTM PAT of Rs 53 Cr, which is 115% of its TTM Revenue of Rs 46 Cr.
Revenue for the most recent quarter (March 2026) was Rs 0.0 Cr compared to Rs 42.0 Cr in June 2025.

💡 Investors should focus on the upcoming August 12 results to determine if the company has resumed core business operations, given the zero-revenue performance in the preceding two quarters.

Royal India Corp Sells 10% Stake in EQPL for Rs 1.44 Cr; Subsidiary Status Ceases

🟡 NEUTRAL ⭐ 5/10

M&A 📅 04 Aug 2026, 05:57 PM

Royal India Corporation's wholly-owned subsidiary, Suryam India Minecorp, has divested a 10% stake in Exclusive Quarries Private Limited (EQPL) for Rs 1.44 crore. Following the transfer of 9,00,981 shares to Sumantra Techsoft Private Limited, the company's holding in EQPL has reduced from 51% to 41%. Consequently, EQPL has ceased to be a step-down subsidiary of the company. The divested entity contributed approximately 1.07% (Rs 49.52 lakhs) to the consolidated revenue and 6.79% (Rs 9.29 crore) to the net worth in FY26.

Sale of 9,00,981 equity shares representing 10% of EQPL's paid-up capital
Total cash consideration received for the stake sale is Rs 1,44,15,696
EQPL's revenue contribution was minimal at ~1.07% of consolidated FY26 revenue
Holding reduced from 51% to 41%, resulting in EQPL ceasing to be a subsidiary
Transaction completed on July 31, 2026, with a non-promoter buyer

💡 Investors should monitor the company's capital allocation of the Rs 1.44 crore proceeds and observe if this indicates a strategic shift away from the quarrying business.

Royal India Corp Sells 10% Stake in EQPL for Rs 1.44 Cr; Subsidiary Status Ceases

🟡 NEUTRAL ⭐ 6/10

M&A 📅 04 Aug 2026, 05:56 PM

Royal India Corporation's wholly-owned subsidiary, Suryam India Minecorp, has divested a 10% stake in Exclusive Quarries Private Limited (EQPL) for Rs 1.44 crore. Following the transfer of 9,00,981 shares to Sumantra Techsoft Private Limited, the group's holding in EQPL fell from 51% to 41%. Consequently, EQPL has ceased to be a step-down subsidiary of the company. EQPL contributed approximately 1.07% to the consolidated revenue and 6.79% to the net worth as of March 31, 2026.

Transferred 9,00,981 equity shares representing 10% of EQPL's paid-up capital
Total cash consideration received amounts to Rs 1,44,15,696
EQPL's revenue contribution was Rs 49.52 Lakhs, roughly 1.07% of consolidated TTM revenue
EQPL's net worth of Rs 9.29 Cr represents approximately 6.79% of the company's net worth
Holding reduced from 51% to 41%, resulting in loss of subsidiary status

💡 Investors should monitor the company's capital allocation of the Rs 1.44 crore proceeds and observe if this indicates a strategic shift away from the quarrying business to focus on core gems and jewellery operations.

Royal India Corp sells 10% stake in step-down subsidiary EQPL for Rs 1.44 Cr

🟡 NEUTRAL ⭐ 5/10

M&A 📅 03 Aug 2026, 07:40 PM

Royal India Corporation's wholly owned subsidiary, Suryam India Minecorp, has divested a 10% stake in Exclusive Quarries Private Limited (EQPL) for a consideration of Rs 1.44 crore. Following this sale, the company's holding in EQPL has reduced from 51% to 41%, resulting in EQPL ceasing to be a step-down subsidiary. The transaction was completed on July 31, 2026, with the buyer identified as Sumantra Techsoft Private Limited. The deal size is relatively small, representing approximately 1.05% of the company's reported net worth of Rs 137 crore.

Sale of 9,00,981 equity shares representing 10% of the paid-up capital of Exclusive Quarries Private Limited (EQPL)
Total cash consideration received amounts to Rs 1,44,15,696
Holding reduced from 51% to 41%, leading to the loss of subsidiary status for EQPL
Transaction completed on July 31, 2026, and reported to the exchange on August 03, 2026
Buyer Sumantra Techsoft Private Limited is confirmed as a non-related party

💡 Investors should monitor the upcoming quarterly results to see how the deconsolidation of EQPL affects the group's balance sheet and if the Rs 1.44 crore proceeds are redeployed into the core gems and jewellery business.

Royal India Corporation Company Secretary Jinal Shah Resigns After 6-Year Tenure

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 31 Jul 2026, 07:56 PM

Ms. Jinal Shah has resigned from her position as Company Secretary and Compliance Officer (Key Managerial Personnel) of Royal India Corporation Ltd, effective August 31, 2026. She is leaving to pursue external career opportunities after serving the company for 6 years. The company, which has a market capitalization of ₹69 Cr, is currently in the process of identifying a successor. This is a routine administrative change and does not impact the core business operations.

Resignation tendered on July 31, 2026, with the effective relief date set for August 31, 2026
Ms. Jinal Shah completed a tenure of 6 years with the organization
The company is currently identifying a suitable candidate to fill the Key Managerial Personnel (KMP) vacancy
TTM PAT of ₹53 Cr is significantly higher than TTM Revenue of ₹46 Cr, indicating non-operational income impact

💡 Investors should monitor the timely appointment of a new Compliance Officer to ensure continued adherence to SEBI listing regulations.

Royal India Corporation Schedules EGM for July 30, 2026; Book Closure Starts July 24

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 16 Jul 2026, 07:24 PM

Royal India Corporation Ltd has announced an Extra-Ordinary General Meeting (EGM) scheduled for July 30, 2026. The company has fixed July 23, 2026, as the cut-off date to determine shareholder eligibility for e-voting. Consequently, the Register of Members and Share Transfer Books will remain closed from July 24 to July 30, 2026. This is a procedural filing required under SEBI regulations to facilitate shareholder participation in the upcoming meeting.

Extra-Ordinary General Meeting (EGM) to be held on July 30, 2026, at 11:45 a.m.
Book closure period defined from July 24, 2026, to July 30, 2026 (inclusive)
Cut-off date for remote e-voting eligibility set for July 23, 2026

💡 Investors should look for the specific EGM notice to understand the resolutions being proposed, as the agenda is not detailed in this book closure intimation.

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