Raj Oil Mills Approves ₹9.2 Crore Preferential Issue, Appoints Auditors
Raj Oil Mills approved audited financial results for FY26. The company will raise ₹9.20 crore via preferential issue of equity shares and warrants at ₹46 each. M/s. T M Dalal & Company was appointed as Internal Auditor and M/s. Vinod C. Subramaniam & Co. as Cost Accountants for FY27.
The preferential issue of ₹9.2 crore is a material amount for the company and will impact its capital structure. The appointment of auditors is a routine but important corporate action.
The company is undertaking a significant fundraise through a preferential issue and has appointed new auditors, indicating proactive corporate actions and financial reporting.
Raj Oil Mills Limited announced the outcome of its Board Meeting held on May 12, 2026. The board approved the audited financial results for the quarter and year ended March 31, 2026, with an unmodified audit opinion.
Key decisions included the appointment of M/s. T M Dalal & Company as Internal Auditors and M/s. Vinod C. Subramaniam & Co. as Cost Accountants for the Financial Year 2026-27.
Furthermore, the company approved a proposal to raise funds up to ₹9.20 crore (Rupees Nine Crore Twenty Lakhs Only) through a preferential issue. This will involve the issuance of up to 10,00,000 Equity Shares at ₹46 per share and up to 10,00,000 Equity Warrants, also at ₹46 per warrant, each convertible into one equity share. The funds are to be raised via a preferential allotment for cash consideration, subject to shareholder and regulatory approvals. The relevant date for determining the issue price was May 12, 2026.
The board also approved the notice for a postal ballot to seek shareholder approval for these proposals and appointed M/s. S.K. Jain & Co. as the Scrutinizer for the postal ballot voting process.
What to do with a filing like this
Raj Oil Mills Limited filed this with the NSE as a statutory disclosure, categorised under equity fundraising. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Raj Oil Mills Limited. Read the original for the full detail.