Board Meeting Outcome For Financial Results For The Fourth Quarter And Financial Year Ended On March 31, 2026
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Gaekwar Mills Ltd reported audited financial results for FY ended March 2026 with a net loss of Rs 845 lakhs, significantly worsening from Rs 442 lakhs loss in FY2025. The company has negative equity of Rs 8,606 lakhs (Other Equity is deeply negative), and total equity stands at negative Rs 8,406 lakhs against long-term borrowings of Rs 10,388 lakhs. Revenue from operations is zero with only Rs 58 lakhs in other income. The company has extended redemption dates for two series of non-convertible debentures worth Rs 35 crores to March 2028 with additional redemption premiums. Statutory auditors M D Pandya & Associates issued an unmodified opinion.
The company is in severe financial distress with negative net worth and mounting losses, indicating high risk for shareholders. The stock is likely to face significant selling pressure given the deteriorating financials and negative equity.