Royal Cushion Vinyl Products Limited announced its unaudited financial results for the quarter ended June 30, 2026. The Board of Directors also sanctioned the Scheme of Arrangement for the merger of Royal Spinwell and Developers Private Limited. The merger was approved by the National Company Law Tribunal on July 28, 2026, with financial impact to be recognized post-effective date. The company reported a net loss of ₹513.23 lakh for the quarter.
Board Meeting Outcome
Royal Cushion Vinyl Products Limited held a Board of Directors meeting on Thursday, August 13, 2026. During this meeting, the Board considered and approved several key matters. The meeting commenced at 4:30 PM IST and concluded at 5:00 PM IST.
Financial Results Disclosure
The Board approved the Unaudited Financial Results for the quarter ended June 30, 2026, along with the Limited Review Report. These results are attached as Annexure A to the filing. For the quarter, the company reported a Profit/(Loss) before exceptional items and tax of (₹513.25 lakh) and a Profit/(Loss) for the period of (₹513.23 lakh). The Total Comprehensive Income for the period stood at (₹512.31 lakh).
Merger Scheme Approval
A significant decision made by the Board was the acceptance of the Order dated July 28, 2026, passed by the National Company Law Tribunal (NCLT), Mumbai Bench. This order sanctioned the Scheme of Arrangement involving the merger or amalgamation of Royal Spinwell and Developers Private Limited (Transferor Company) with Royal Cushion Vinyl Products Limited (Transferee Company). The merger is being undertaken under Sections 230 to 232 of the Companies Act, 2013. The financial statements for the quarter ended June 30, 2026, do not reflect the impact of this scheme as its sanction was received after the reporting date.
Ongoing Compliances
The company is actively progressing with the necessary statutory and regulatory compliances and formalities required to implement the merger scheme. Further details regarding the approved scheme are available on the company’s website.
Source: BSE
