Intimation of appointment of Mr. Pradeep Shashikant Pathare as an Additional Director (Non-Executive Independent Director) of the company.
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FGP Ltd's board, at its April 29, 2026 meeting, approved audited results for Q4 and FY ended March 31, 2026, with statutory auditors MVK Associates issuing an unmodified opinion. Revenue from operations jumped sharply to ₹196.70 lakhs (from ₹23.08 lakhs in FY25), largely driven by a newly started commodity trading segment, and the company swung to a profit of ₹7.28 lakhs versus a loss of ₹3.28 lakhs last year; EPS stood at ₹0.06. Total income was ₹252.64 lakhs, profit before tax ₹7.42 lakhs, and net cash from operations was ₹38.61 lakhs. The board also appointed Mr. Pradeep Shashikant Pathare as an Additional Non-Executive Independent Director for five years from May 12, 2026, and re-appointed Ms. Shweta Ratnakar Musale as Independent Director for a second five-year term starting November 12, 2026, both subject to shareholder approval. Additionally, the Code of Fair Disclosure under insider trading regulations was revised.
A clear return to profitability and the launch of commodity trading expand the revenue base, though the segment contribution is modest and other expenses include fair value losses on mutual funds (₹32.57 lakhs for the quarter). The director changes are routine governance and unlikely to move the stock on their own; shareholder focus will be on whether the new trading segment sustains its revenue traction.