This is to inform you that Meeting of Board of Directors of the Company was held today i.e. on 19THMay, 2026 at registered office of the company at SHOP NO-GF/27, AAGAM CROSS RD AC MARKET. ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Ghushine Fintrrade Ocean Limited held a board meeting on May 19, 2026, approving the audited standalone financial results for FY ended March 31, 2026. The company reported revenue from operations of Rs. 553.36 lakh, down from Rs. 585.45 lakh in the previous year, representing a revenue decline. Total expenses increased significantly to Rs. 553.36 lakh from Rs. 474.29 lakh. Profit before tax dropped drastically to Rs. 2.17 lakh from Rs. 113.15 lakh, while profit after tax fell to Rs. 1.44 lakh from Rs. 82.15 lakh. The auditor issued an unqualified opinion but included an emphasis of matter noting that loan, advances, creditors, and debtors balances are subject to confirmation and reconciliation. The company also approved the secretarial audit report and appointed a scrutinizer for the AGM.
The company experienced a severe decline in profitability with profit after tax dropping over 98% year-over-year. While the auditor gave a clean opinion, the emphasis on pending balance confirmations and the sharp drop in profits are concerning signals for investors.