Rajoo Engineers Board Approves Final Dividend and Re-appoints Auditors; CS Resigns
Rajoo Engineers reported audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The Board recommended a final dividend of ₹0.15 per equity share for FY25-26. M/s. Savjani and Associates and M/s. Shailesh Thaker & Associates were re-appointed as Internal and Cost Auditors, respectively. Mr. Nikhil V. Gajjar resigned as Company Secretary & Compliance Officer.
The financial results and dividend recommendation are material. The resignation of the Company Secretary and Compliance Officer is also a significant event for corporate governance, impacting the company's management structure.
The announcement includes routine financial results, dividend recommendation, auditor re-appointments, and a key managerial personnel resignation. While the dividend and financial results are positive, the resignation introduces a neutral element, balancing the overall sentiment.
Rajoo Engineers Limited announced the outcome of its Board Meeting held on April 28, 2026. The Board approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, along with the audit report which received an unmodified opinion. A final dividend of ₹0.15 per equity share for the financial year 2025-26 was recommended, subject to shareholder approval at the upcoming Annual General Meeting (AGM).
Furthermore, the company re-appointed M/s. Savjani and Associates as Internal Auditors and M/s. Shailesh Thaker & Associates as Cost Auditors for the financial year 2026-27. Their remuneration for the cost auditors will be subject to shareholder ratification.
In a significant management change, the Board noted and approved the resignation of Mr. Nikhil V. Gajjar as the Company Secretary & Compliance Officer and Key Managerial Personnel (KMP), effective from the close of business hours on April 30, 2026.
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Rajoo Engineers Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. 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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