On June 4, 2025, the Board of Directors of Royal Cushion Vinyl Products Limited (RCVPL) conducted its scheduled meeting and passed several key resolutions that are in compliance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically under Regulations 30 and 33. The Board approved the Standalone Audited Financial Results for the quarter and financial year ended March 31, 2025, and made a significant appointment related to the company’s secretarial audit function.

1. Approval of Standalone Audited Financial Results for FY25

As a primary item on the agenda, the Board approved the Standalone Audited Financial Statements for both the fourth quarter (Q4) and full financial year ended March 31, 2025. This approval was made based on the recommendation of the Audit Committee, which had reviewed and recommended the financial statements for adoption.

In accordance with Regulation 33 of SEBI LODR, the company has also submitted the following documents to the Bombay Stock Exchange (BSE):

• Audited Standalone Financial Results for Q4 and FY25

• Auditor’s Report issued with an unmodified opinion, confirming that the results present a true and fair view of the company’s financials (Annexure B)

These results will be published in newspapers to meet regulatory disclosure obligations and maintain transparency with shareholders and stakeholders.

2. Appointment of Secretarial Auditors

In another significant development, the Board has approved the appointment of M/s. Loya & Shariff, Practicing Company Secretaries (COP 14971 / Peer Review Certificate No. 5823/2024), as the Secretarial Auditors of the Company. This appointment is slated for a tenure of five consecutive financial years, starting from FY2025-26 and continuing till FY2029-30, subject to the approval of shareholders at the forthcoming Annual General Meeting (AGM).

The firm M/s. Loya & Shariff brings recognized expertise in the domain of corporate governance, secretarial compliance audits, and SEBI regulation advisory services. The appointment is seen as a step toward enhancing the governance standards and ensuring meticulous adherence to applicable laws and regulatory frameworks.

3. Background on Regulatory Compliance

These board decisions are in line with the broader intent of the SEBI (LODR) Regulations, which mandate timely and transparent disclosure of material financial information and appointments that have an impact on company governance. The unmodified opinion from statutory auditors also provides stakeholders with the assurance of financial transparency and operational integrity.

As per statutory norms, companies listed on recognized stock exchanges like BSE are required to file their quarterly and annual financial results, along with an auditor’s certificate confirming the accuracy of the disclosures. These documents are often followed by public dissemination in print media, ensuring equal and fair access to financial information.

4. Shareholder Communication and Transparency

The disclosures were made to the Bombay Stock Exchange (BSE), where the company is listed under the script symbol ROYALCU and script code 526193, with ISIN INE618A01011. The company operates from its registered office in Kandivali (W), Mumbai, with manufacturing facilities at Plot 55, Village Garadhia, Taluka Savli, Vadodara, Gujarat.

The Board meeting outcome has been digitally signed by Mr. Jayesh Amritlal Motasha, a key official of the company, affirming its authenticity and alignment with e-governance practices.

5. Looking Ahead

With the FY25 results now audited and approved, and a new secretarial auditor appointed, Royal Cushion Vinyl Products Limited appears to be focusing on strengthening its compliance framework, improving transparency, and enhancing long-term governance standards.

The appointment of a secretarial auditor for a five-year period underscores the company’s long-term view toward regulatory rigor and best practices in corporate administration. The engagement with a peer-reviewed firm signals adherence to professional audit standards set by regulatory bodies and the Institute of Company Secretaries of India (ICSI).

As shareholders prepare for the upcoming AGM, they will play a role in ratifying this appointment, reinforcing the principle of shareholder democracy and approval-based appointments in listed companies.

Conclusion

The Board meeting held on 04 June 2025 marks an important administrative and financial milestone for Royal Cushion Vinyl Products Limited. By finalizing the audited financial results for FY25 and initiating a five-year appointment of a reputed secretarial audit firm, the company is positioning itself for enhanced regulatory compliance, corporate governance, and shareholder transparency in the years to come.

These developments provide a stable platform for both operational growth and investor confidence, ensuring that the company remains on the radar of governance-conscious investors and stakeholders in the Indian equity market.

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