Financial Retult for the Quarter ended 30th June, 2025
Price
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Awaiting price reaction for this filing.
Gaekwar Mills Ltd reported its Q1FY26 results on 12 August 2025. Revenue from Operations is NIL — the company has no active operating business and earns only 'Other Income' of ₹10.88 lakhs (likely interest/investment income). The company swung to a small profit of ₹5.88 lakhs in Q1FY26, compared with a loss of ₹11.04 lakhs in Q1FY25 and a loss of ₹11.94 lakhs in Q4FY25. This profit is purely an accounting artifact: the company did not book the large 'Premium on Debenture Redemption' expense in Q1FY26, unlike in prior quarters. Most importantly, ₹35 crore of Secured Non-Convertible Debentures (Series A: ₹30 cr + Series B: ₹5 cr) that were due for redemption on 31 March 2025 remain unpaid — the company has approached debenture holders for an extension, but negotiations are still underway and unfinalised. The auditor (M.D. Pandya & Associates) issued a clean limited review report with no qualifications.
This is a serious red-flag filing. The company has no operating business, depends entirely on other income, and has been unable to redeem ₹35 crore of debentures on time. The headline profit is misleading — it reflects a non-cash accounting change, not genuine business recovery. Shareholders face significant going-concern risk; stock price is likely to remain under pressure until the debenture situation is resolved.