Outcome of Board Meeting of Gem Aromatics Limited conducted on May 21, 2026
GEMAROMA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Gem Aromatics board approved audited FY2026 standalone profit of Rs 267.09 million, down 53% from Rs 568.54 million in FY25. Consolidated profit fell sharply to Rs 14.25 million, down 97% from Rs 533.84 million in FY25. Revenue declined to Rs 3,709.41 million (standalone) and Rs 3,664.73 million (consolidated) from around Rs 5 billion the prior year. The board appointed Mr. Dinesh Vasu Thekkepanakkal as Additional Whole-Time Director and Mr. Nandan Narula as Additional Independent Director. M/s Y.R. Doshi & Associates was appointed as Cost Auditor for FY27. The company went public via IPO in August 2025 and three executive directors waived their remuneration for FY26 due to the business environment.
The substantial profit decline, especially the 97% drop in consolidated earnings, may concern investors. New board appointments and cost auditor selection could signal management changes ahead.