Gokul Agro Resources Limited has informed the Exchange regarding Change in Auditors of the company.
GOKULAGRO · price
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Gokul Agro Resources' board on August 12, 2025 approved multiple items. Q1 FY26 standalone revenue rose to Rs. 462.5 crore from Rs. 398.4 crore YoY, with net profit up to Rs. 6.42 crore from Rs. 4.22 crore; consolidated revenue grew to Rs. 492.4 crore and net profit to Rs. 7.17 crore. Statutory auditor M/s Surana Maloo & Co. is being replaced by M/s Pipara & Co LLP after completing their second term — a routine rotation, with no concerns raised. The board also approved a 1:2 stock split (face value from Rs. 2 to Rs. 1), an ESOP Plan 2025 covering 28 lakh stock options, a CEO pay revision to Rs. 17 lakh/month for Hiteshkumar Thakkar, and the issuance of 18 lakh sweat equity shares to promoter-directors Kanubhai Thakkar (CMD) and Jayesh Thakkar (JMD) at Rs. 303.56/share.
The stock split should improve retail affordability and liquidity, while the sweat equity to promoters (about Rs. 54.6 crore combined) is a mild equity dilution. Strong YoY revenue and profit growth in Q1 is a positive signal. The auditor change is a standard tenure rotation and not a red flag. All items require shareholder approval at the AGM on September 12, 2025.