GNG Electronics Limited has informed the Exchange regarding '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 audited financial results for FY2026 ending March 31. Standalone revenue grew 29% to Rs 9,175 million with PAT up 114% at Rs 399 million. Consolidated revenue jumped 34% to Rs 18,911 million with PAT up 91% at Rs 1,320 million. The company raised Rs 4,000 million through equity issuance (likely IPO), significantly boosting equity from Rs 2,271 million to Rs 7,593 million on consolidated basis. The Board also approved appointment of Ms. Ashita Pandya (Head of Accounts - India) as Internal Auditor for FY 2026-27, and issued a corporate guarantee of up to AED 20 million for UAE subsidiary Electronics Bazaar (FZC) to secure banking facilities from Abu Dhabi Commercial Bank. Auditors issued unmodified opinion on financial statements.
The company delivered robust double-digit growth across revenue and profitability metrics, with consolidated EPS of Rs 11.58 (up from Rs 7.09). The Rs 4,000 million equity raise substantially strengthened the balance sheet. The corporate guarantee for the UAE subsidiary carries contingent liability exposure but supports the subsidiary's operations. Overall, this is a positive earnings update showing strong operational performance.