Outcome of Board Meeting
GANGESSECU · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Ganges Securities Ltd reported standalone net profit of Rs 433.64 lakhs for FY2026, up 11.6% from Rs 388.54 lakhs in FY2025, driven by total income of Rs 827.56 lakhs. On a consolidated basis (including subsidiary Cinnatolliah Tea Limited), net profit dropped significantly to Rs 145.76 lakhs from Rs 506.21 lakhs YoY due to lower tea business revenue of Rs 2,859.93 lakhs. The Board approved appointment of M/s M Parasrampuria & Co. as internal auditors for FY2026-27 and did not recommend any dividend for shareholders. Total equity declined to Rs 52,986.49 lakhs from Rs 66,625.36 lakhs, while total assets fell to Rs 58,080.23 lakhs from Rs 73,246.99 lakhs. Statutory auditors JKVS & Co. issued an unmodified opinion on both standalone and consolidated financials.
The decline in consolidated profitability and significant reduction in asset base could concern investors. The absence of dividend recommendation removes near-term income expectation for shareholders, though the standalone business showed improved operational performance.