Royal India Corporation Strengthens Leadership and Capital Base with New CFO Appointment and Convertible Warrants Issue

In a significant move to bolster its management and capital structure, Royal India Corporation Ltd announced key decisions at its Board meeting on October 30, 2025. The company has appointed Mr. Mohit Kothari as Chief Financial Officer (CFO) and Key Managerial Personnel with immediate effect. Mr. Kothari, who possesses 10 years of specialized experience in gold and bullion trading, is expected to bring valuable industry insights and financial expertise to the company’s leadership team.

Alongside this appointment, the Board approved the proposal to issue up to 5 crore warrants convertible into equity shares. This issuance will happen in one or more tranches, contingent upon shareholder approval and compliance with SEBI ICDR Regulations and applicable laws. The move is aimed at raising fresh capital to support Royal India Corporation’s growth ambitions and enhance shareholder value.

These strategic decisions come following recommendations from the Nomination and Remuneration Committee and the Audit Committee, reflecting prudent governance and a forward-looking approach.

Notable Updates:

• Mr. Mohit Kothari appointed as CFO and Key Managerial Personnel, effective October 30, 2025
• Kothari brings 10 years of experience in gold and bullion trading
• Approval for issuing up to 5 crore convertible warrants, subject to shareholder consent
• Warrants to be issued in accordance with SEBI ICDR Regulations and Companies Act, 2013
• Board decisions align with recommendations from key internal committees

This development marks a pivotal step as Royal India Corporation works to solidify its management strength and financial foundations to capitalize on market opportunities.

Sources: Royal India Corporation Ltd official announcement, SEBI regulations, Companies Act 2013.