This is to inform the Exchange that pursuant to Regulation 30(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 the Meeting ....
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Gini Silk Mills Limited held its board meeting on August 12, 2025, and approved the unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). Revenue from operations rose 4.6% year-on-year to Rs. 913.83 lakhs, with total income at Rs. 998.60 lakhs. Profit before tax improved about 21.9% to Rs. 62.65 lakhs, but net profit after tax fell sharply to Rs. 13.85 lakhs from Rs. 52.58 lakhs a year ago, mainly due to higher tax expenses. EPS for the quarter stood at Rs. 0.25 versus Rs. 0.94 in the year-ago quarter. The board also recommended appointing M/s. Sandeep Dar & Co. as Secretarial Auditor for five years (FY 2025-26 to FY 2029-30) and appointed M/s. Salgia & Co. as Internal Auditor for FY 2025-26. It also noted the Secretarial Audit Report for FY 2024-25.
The steep drop in net profit despite revenue growth is a negative signal for shareholders, primarily driven by higher current and deferred tax outgo. The auditor appointments are routine compliance matters and are unlikely to materially affect the stock.