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Shree Rajiv Lochan Oil Extraction Ltd (530295)

📊 BSE: 530295 🏢 Other Agricultural Products 📢 Latest filing: 26 Aug 2026

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Shree Rajiv's revenue was ₹0.0 Cr, and net profit ₹0.0 Cr (-64.5% year on year).

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹0.0	—	—
Operating profit	₹-0.1	loss widened	loss widened
Net profit	₹0.0	-64.5%	+42.0%
EPS (₹)	0.03	-70.0%	+50.0%

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

Shree Rajiv Lochan Oil Extraction Board to Meet on Sep 1, 2026 for AGM & Auditor Change

🟡 NEUTRAL ⭐ 3/10

BOARD_MEETING 📅 26 Aug 2026, 05:31 PM

Shree Rajiv Lochan Oil Extraction Ltd has scheduled a Board of Directors meeting on September 1, 2026. The board will note the resignation of statutory auditor M/s Milind Nyati & Co. LLP and recommend the appointment of M/s Jain Bardia & Co. for a 5-year term subject to shareholder approval. Additionally, the board will approve the Directors' Report and finalize the notice for convening the company's 36th Annual General Meeting for FY26.

Board meeting scheduled for September 1, 2026 at 1:00 p.m. in Raipur
To note resignation tendered by Statutory Auditor M/s Milind Nyati & Co. LLP
To recommend appointment of M/s Jain Bardia & Co. as Statutory Auditor for 5 consecutive years
To approve Directors' Report and notice for the 36th AGM for FY ended March 31, 2026

💡 Track the outcome of the board meeting on September 1, 2026, and any specific reasons provided for the statutory auditor resignation in the AGM notice.

Statutory Auditor Milind Nyati & Co. LLP Resigns Citing Other Commitments

🟡 NEUTRAL ⭐ 5/10

MANAGEMENT 📅 26 Aug 2026, 05:13 PM

Shree Rajiv Lochan Oil Extraction Ltd announced the resignation of its statutory auditor, M/s Milind Nyati & Co. LLP, effective close of business on 26 August 2026. The firm was appointed on 26 September 2024 for a 5-year tenure expiring in 2029 and completed limited review/audit filings up to the quarter ended 30 June 2026. The auditor cited other professional commitments for the mid-term exit, confirming no undisclosed material concerns or lack of management cooperation.

M/s Milind Nyati & Co. LLP resigned as Statutory Auditor effective 26 August 2026.
The auditor's original 5-year term was scheduled to run from 26.09.2024 until the AGM in 2029.
Completed audit/limited review reporting up to 30.06.2026, submitted on 11/08/2026.
Reason cited was other professional commitments; no disagreements or unresolved concerns were flagged.

💡 Track the upcoming board announcement regarding the appointment of a new statutory auditor to fill the casual vacancy and monitor upcoming quarterly filings.

Shree Rajiv Lochan Oil Reports ₹1.42 Lacs Q1 Profit on Zero Operating Revenue

🟡 NEUTRAL ⭐ 5/10

EARNINGS 📅 11 Aug 2026, 07:17 PM

Shree Rajiv Lochan Oil Extraction Ltd reported zero revenue from operations for the quarter ended June 30, 2026, consistent with its TTM performance. The company generated a total income of ₹7.47 Lacs entirely from 'Other Income', resulting in a net profit of ₹1.42 Lacs, which is a 60% decline from ₹3.61 Lacs in the same quarter last year. A key concern is the auditor's qualified opinion regarding a ₹1.33 Cr investment in unquoted equity shares that is not being fair-valued as per Ind AS 109.

Revenue from operations remained at ₹0.00 for the quarter ended June 30, 2026
Net profit fell to ₹1.42 Lacs compared to ₹3.61 Lacs in the previous year's quarter
Auditor issued a qualified conclusion regarding unquoted investments worth ₹1,32,87,000
Total expenses for the quarter were ₹5.55 Lacs, primarily driven by employee benefits and other costs
Earnings Per Share (EPS) stood at ₹0.03 for the quarter

💡 Investors should monitor whether the company intends to resume any operational activities, as it currently functions as a shell entity with no core business revenue. The valuation of the ₹1.33 Cr investment remains a key transparency risk.

Rs 1.42 Lacs Net Profit Reported; Zero Operational Revenue and Auditor Qualification Noted

🔴 NEGATIVE ⭐ 6/10

EARNINGS 📅 11 Aug 2026, 07:13 PM

Shree Rajiv Lochan Oil Extraction Ltd reported zero revenue from operations for the quarter ended June 30, 2026, continuing its trend of non-operational status. The company generated a total income of Rs 7.47 Lacs entirely from 'Other Income', resulting in a net profit of Rs 1.42 Lacs, which is a 60.6% decline from Rs 3.61 Lacs in the same quarter last year. A significant concern is the auditor's qualified opinion regarding a Rs 1.33 Cr investment in unquoted equity shares that has not been fair-valued as per Ind AS 109. This investment represents approximately 26.6% of the company's Rs 5 Cr net worth, posing a potential valuation risk.

Revenue from operations remained at Rs 0.00 for the quarter ended June 30, 2026.
Net profit fell to Rs 1.42 Lacs from Rs 3.61 Lacs in the previous year's corresponding quarter.
Auditor issued a qualified conclusion regarding unquoted equity investments worth Rs 1,32,87,000 carried at cost instead of fair value.
Total expenses for the quarter stood at Rs 5.55 Lacs, primarily driven by employee benefits and other expenses.
Earnings Per Share (EPS) decreased to Rs 0.03 from Rs 0.09 in the year-ago period.

💡 Investors should monitor if the company resumes any core business operations, as it currently functions as a shell-like entity relying on other income. The lack of fair valuation for a significant portion of its net worth (Rs 1.33 Cr investment) requires caution regarding the actual book value.

Aug 11 Board Meeting to consider Q1 FY27 results for Shree Rajiv Lochan Oil Extraction

🟡 NEUTRAL ⭐ 2/10

BOARD_MEETING 📅 05 Aug 2026, 06:26 PM

Shree Rajiv Lochan Oil Extraction Ltd has scheduled a board meeting on August 11, 2026, to approve its unaudited financial results for the quarter ended June 30, 2026. The company is currently a micro-cap with a market capitalization of just Rs 9 Cr and has reported zero revenue for the last four consecutive quarters. Investors will be looking for any signs of operational activity, as the TTM revenue stands at Rs 0 Cr. Despite the lack of revenue, the company managed a marginal net profit of Rs 0.07 Cr in FY26.

Board meeting scheduled for 11/08/2026 to approve Q1 FY27 results
Company reported Rs 0 Cr revenue for the entire FY26 period
Market capitalization is extremely small at Rs 9 Cr
Promoter holding remains low and stagnant at 20.36%
TTM EPS is minimal at Rs 0.19 despite zero revenue

💡 Monitor the upcoming results on August 11 for any signs of business resumption or revenue generation, given the current dormant operational status.

FY26 Net Profit at Rs 6.87 Lacs on Zero Operational Revenue; Revised Audit Impact Filed

🟡 NEUTRAL ⭐ 4/10

EARNINGS 📅 24 Jul 2026, 06:16 PM

Shree Rajiv Lochan Oil Extraction resubmitted its FY26 audited results and a revised Statement of Impact of Audit Qualifications following a query from BSE officials. The company reported zero revenue from operations for the entire fiscal year, with its total income of Rs 25.83 Lacs derived entirely from 'Other Income'. Despite the lack of core business activity, the company posted a net profit of Rs 6.87 Lacs, a recovery from the Rs 12.68 Lacs loss reported in FY25. Cash and bank balances saw a significant increase to Rs 170.84 Lacs.

Revenue from operations remained at Rs 0.00 for the full year ended March 31, 2026.
Net Profit for FY26 stood at Rs 6.87 Lacs compared to a Net Loss of Rs 12.68 Lacs in FY25.
Other Income of Rs 25.83 Lacs accounted for 100% of the company's total income for the year.
Cash and Cash Equivalents increased to Rs 170.84 Lacs from Rs 3.30 Lacs in the previous year.
The company appointed Goel & Goyal as internal auditors for FY 2026-2027.

💡 Investors should monitor whether the company can resume its core oil extraction operations, as current profitability is entirely dependent on non-operational income. The presence of audit qualifications in a company with zero revenue is a significant risk factor to watch.

Shree Rajiv Lochan Oil reports ₹6.87 Lacs FY26 PAT; Resubmits results with Audit Impact Statement

🔵 WATCH ⭐ 6/10

EARNINGS 📅 17 Jul 2026, 05:39 PM

Shree Rajiv Lochan Oil Extraction Ltd has resubmitted its FY26 financial results to include the Statement of Impact of Audit Qualification as requested by BSE. The company reported zero revenue from operations for the entire fiscal year ended March 31, 2026, with total income of ₹25.83 Lacs derived entirely from 'Other Income'. Despite the lack of core business activity, the company posted a net profit of ₹6.87 Lacs, a recovery from a loss of ₹12.68 Lacs in FY25, primarily due to a 76% reduction in other expenses. Cash and cash equivalents saw a significant increase to ₹170.84 Lacs from ₹3.30 Lacs in the previous year.

Revenue from operations remained at ₹0.00 for the full year ended March 31, 2026.
Net Profit for FY26 reached ₹6.87 Lacs compared to a net loss of ₹12.68 Lacs in FY25.
Other Expenses were significantly reduced to ₹10.79 Lacs from ₹45.26 Lacs in the prior year.
Cash and Cash Equivalents increased to ₹170.84 Lacs as of March 31, 2026, up from ₹3.30 Lacs.
The company appointed new Internal Auditors (Goel & Goyal) and Secretarial Auditors (Samantrai Prashant & Co.) for the upcoming periods.

💡 Investors should closely examine the specific details of the 'Audit Qualification' mentioned in the resubmission to understand the auditor's concerns. The lack of operational revenue indicates the core business is currently dormant, making the company highly dependent on non-operating income.

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