GNG Electronics Limited has informed the Exchange regarding the appointment of Internal Auditor for Financial Year 2026-27
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
GNG Electronics reported strong FY2026 results with standalone revenue of Rs 9,175 million (up 29% YoY) and consolidated revenue of Rs 18,911 million (up 34% YoY). Consolidated profit after tax jumped 91% to Rs 1,320 million from Rs 690 million. Basic EPS improved to Rs 11.58 from Rs 7.09. The Board approved appointment of Ms. Ashita Pandya (Head of Accounts - India, Chartered Accountant) as Internal Auditor for FY 2026-27. Additionally, the company issued a corporate guarantee of up to AED 20 million for its UAE subsidiary Electronics Bazaar FZC to secure banking facilities from Abu Dhabi Commercial Bank PJSC. Statutory auditors Shankarlal Jain & Associates issued unmodified (clean) opinions on both standalone and consolidated financial results.
The company delivered exceptional growth with PAT doubling and revenue growth exceeding 20%, indicating strong operational performance. The clean audit opinion removes concerns about financial reporting quality. The corporate guarantee for the subsidiary adds contingent liability exposure of approximately Rs 456 million (at current exchange rates), though management states no immediate impact other than disclosure.