Board Meeting Details

The Board of Directors meeting was held on May 30, 2026, commencing at 11:00 AM and concluding at 1:00 PM in Mumbai.

Key Board Approvals

1. Approved Audited Standalone and Consolidated Financial Results along with Independent Statutory Auditor Report for the quarter and financial year ended March 31, 2026 as per IND-AS

2. Re-appointment of M/s M. Borar & Co., Chartered Accountants as Internal Auditor for FY 2026-2027

3. Noting of Secretarial Compliance Report issued by M/s Mayank Arora & Co.

Financial Results - Standalone (₹ in Lakhs)

Quarterly Performance:

  • Q4 FY26 Revenue from Operations: (0.00)
  • Q4 FY26 Other Income: ₹7,235.94
  • Q4 FY26 Total Income: ₹7,235.94
  • Q4 FY26 Profit Before Tax: ₹7,212.43
  • Q4 FY26 Profit After Tax: ₹4,734.17
  • Q4 FY26 Basic EPS: ₹4.01

Annual Performance FY26:

  • Revenue from Operations: ₹4,605.48
  • Other Income: ₹7,557.93
  • Total Income: ₹12,163.41
  • Profit Before Tax: ₹7,778.50
  • Profit After Tax: ₹5,300.25
  • Basic EPS: ₹4.49
  • Total Comprehensive Income: ₹5,300.25

Comparison with Previous Year (FY25):

  • FY25 Revenue from Operations: ₹22,002.13
  • FY25 Profit After Tax: ₹1,082.73
  • FY25 Basic EPS: ₹0.99

Financial Results - Consolidated (₹ in Lakhs)

Annual Performance FY26:

  • Revenue from Operations: ₹4,655.00
  • Other Income: ₹7,654.61
  • Total Income: ₹12,309.61
  • Profit Before Tax: ₹7,652.62
  • Profit After Tax: ₹5,214.14
  • Basic EPS: ₹4.42

Segment-wise Performance (Standalone)

The company operates primarily in the Bullion segment:

  • Bullion segment revenue: ₹4,605.48 (FY26) vs ₹22,002.13 (FY25)
  • Bullion segment profit: ₹496.55 (FY26) vs ₹949.41 (FY25)
  • Others segment profit: ₹7,557.93 (FY26) vs ₹270.94 (FY25)

Subsidiary Structure

The company has the following subsidiary relationships:

1. Suryam India Minecorp Private Limited - Subsidiary

2. Simunergy Terranova Private Limited - Subsidiary

3. Exclusive Quarries Private Limited - Subsidiary of Suryam India Minecorp Private Limited

Auditor Reports

Standalone Financials:

Rakchamps & Co. LLP (FRN: 131094W/W100083) issued an unmodified audit opinion on the standalone financial statements. Key audit matters included:

  • Allowance for credit losses on revenue receivables and unbilled revenue
  • Inventory valuation, completeness, accuracy and disclosures

Emphasis of Matter: Note no. 13 regarding provision created towards compensation payable as per management's assessment.

Consolidated Financials:

Qualified opinion issued due to inadequate documentation of internal financial controls for certain key business processes (Payroll, Fixed Assets, Purchases, Cash & Bank).

Internal Financial Controls

Auditor expressed unmodified opinion on adequacy and operating effectiveness of internal financial controls for standalone financials. For consolidated financials, qualified opinion was issued due to material weakness in internal financial controls documentation.

Key Financial Ratios (Standalone)

  • Debtors Turnover: 1.85 (FY26) vs 4.33 (FY25)
  • Inventory Turnover: 0.35 (FY26) vs 2.47 (FY25)
  • Current Ratio: 2.90 (FY26) vs 3.39 (FY25)
  • Operating Profit Margin: 4.84% (FY26) vs 5.78% (FY25)
  • Net Profit Margin: 115.09% (FY26) vs 4.92% (FY25)

Tax Matters

The company has disputed income tax dues totaling ₹1,418.92 crore across multiple assessment years (AY 2012-13 to AY 2024-25) pending before CIT(A) and High Court.

Share Capital Information

  • Total shares: 11,79,70,000
  • Public shareholding: 6,78,72,749 shares (57.53%)
  • No investor complaints pending at beginning or end of quarter

Cash Flow Statements

Detailed cash flow statements provided for both standalone and consolidated entities showing operating, investing and financing activities for FY26.

Additional Information

  • Company website: www.ricl.in