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Incorporated in 1993, Raj Rayons Industries Ltd is engaged in the manufacturing and trading of polyester chips, polyester yarn and processed yarn.
The company clarified an auditor qualification concerning three inoperative bank accounts from before the current management took over. Auditors couldn't comment on their financial impact, creating uncertainty. Management is actively pursuing details and closure, similar to a previous qualification.
The company's audit report for FY26 includes a qualified opinion due to missing statements for three inoperative bank accounts from a past period. This repetitive issue means the financial impact remains unquantified, affecting data completeness.
Raj Rayon Industries Limited has announced a board meeting to review the financial results for the quarter and nine months ended December 31, 2024. For Q3 FY2024, the company reported total income of ₹22,974.14 crore, up from ₹19,599.49 crore year-on-year, and a profit after tax of ₹815.38 crore. Notably, the...