Outcome of Board Meeting held on May 14, 2026
GANGESSECU · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Ganges Securities Ltd reported audited FY2026 results. Standalone net profit rose 11.6% to Rs 433.64 lakhs from Rs 388.54 lakhs, with total income at Rs 827.56 lakhs. However, consolidated results show a sharp deterioration, with the company reporting a net loss of Rs 371.06 lakhs versus profit of Rs 268.97 lakhs in FY2025. The consolidated loss is driven by the Tea Business segment (Cinnatolliah Tea Ltd - wholly owned subsidiary) which reported significant losses. Total comprehensive income was deeply negative at Rs 13,638.87 lakhs due to mark-to-market losses on investments. The Board appointed M/s M Parasrampuria & Co. as Internal Auditors for FY2026-27 and did not recommend any dividend for shareholders.
The standalone business remains profitable but the consolidated picture is weak due to tea segment losses. Deep negative comprehensive income suggests investment portfolio volatility. No dividend is a disappointment for income-seeking investors. The stock may see pressure given the consolidated loss despite standalone profitability.