Gokul Agro Resources Limited has informed the Exchange regarding Board meeting held on August 12, 2025.
GOKULAGRO · price
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Gokul Agro Resources reported strong Q1 FY26 results with standalone revenue from operations rising to Rs. 462.49 crore from Rs. 398.39 crore year-on-year (~16% growth), while standalone net profit jumped to Rs. 64.20 crore from Rs. 42.25 crore (~52% growth). On a consolidated basis, revenue grew to Rs. 492.43 crore and net profit to Rs. 71.70 crore (~36% growth), with EPS of Rs. 4.85. The Board approved a stock split from face value Rs. 2 to Rs. 1, introduction of ESOP Plan 2025 covering 28 lakh stock options, and issuance of 18 lakh sweat equity shares to promoter Chairman & MD Kanubhai Thakkar (10 lakh) and Joint MD Jayesh Thakkar (8 lakh) at Rs. 303.56 per share as non-cash reward for past contributions. The Board also appointed M/s Pipara & Co LLP as new statutory auditor replacing Surana Maloo & Co upon completion of their second term, set the 11th AGM for September 12, 2025, and revised CEO remuneration to Rs. 17 lakh per month. The company recently commenced commercial production at its 100 TPD Mangaluru refinery unit.
Strong double-digit profit growth in Q1 FY26 is a positive signal for shareholders, though the proposed stock split, ESOPs and sweat equity issuances to promoter directors will result in share dilution. The auditor change is a routine 10-year rotation with no concerns flagged, and the company is positioned for further growth with the new refinery coming online.