We hereby inform you that the Board of Directors of the Company at its meeting held today, i.e., on Friday, August 01, 2025, inter-alia approved the Unaudited Financial Results for the ....
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FGP Limited's board, at its August 1, 2025 meeting, approved unaudited Q1 FY26 results showing total income of ₹44.92 lakhs (vs ₹44.75 lakhs in Q1 FY25) and profit after tax of ₹27.32 lakhs (vs ₹28.47 lakhs). Revenue from operations rose about 16% YoY to ₹6.54 lakhs, but remains very small — the quarter's profit is largely driven by other income of ₹38.38 lakhs. The balance sheet shows accumulated losses, with other equity at negative ₹855.24 lakhs against share capital of ₹1,189.51 lakhs. The board accepted the resignation of Company Secretary Mr. Avi Mundecha (effective August 22, 2025) and approved the appointment of Ms. Shalu Sarraf as the new Company Secretary and Compliance Officer from September 15, 2025. Additionally, the board cleared an alteration to the MOA object clause to enter the commodity trading business, with a postal ballot to be sent to shareholders for approval. The statutory auditor, MVK Associates, issued an unmodified (clean) limited review report with no qualifications.
The proposed move into commodity trading marks a strategic pivot aimed at revenue diversification, but the very thin operating revenue base and negative reserves suggest investors should watch for actual traction before getting excited. The KMP transition is routine and the clean auditor report is a positive, though the accumulated losses remain a background risk.