Board okays Q2 results, doubles borrowing limit to Rs 8000 Cr, JMD reappointed
GOKULAGRO · price
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Gokul Agro Resources posted strong Q2 FY26 results. Consolidated revenue rose about 35 percent to Rs 6,638 Crore, net profit up 41 percent to Rs 101 Crore. Board approved hiking borrowing limit from Rs 4,000 Cr to Rs 8,000 Cr and asset charge limit similarly. Reappointed Jayesh Kanubhai Thakkar as Joint Managing Director for 3 years from June 9, 2026 at Rs 40 lakh per month. Also approved adding food and beverage, agriculture, and biofuel businesses to objects clause. Postal ballot to be held.
Strong revenue and profit growth signals business momentum. Higher borrowing limit and diversification into food and biofuels point to expansion plans.