Gokul Agro Resources Limited has informed the Exchange regarding 'Intimation of issue of Sweat Equity Shares to Mr. Kanubhai Jivatram Thakkar, Chairman and Managing Director and Mr. Jayesh Kanubhai Thakkar, Joint Managing Director of the Company".
GOKULAGRO · price
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Gokul Agro Resources reported strong Q1 FY26 results with standalone revenue rising about 16% year-on-year to Rs. 462.49 crore and net profit jumping about 52% to Rs. 64.20 crore, with EPS at Rs. 4.35. Consolidated revenue grew to Rs. 492.43 crore with net profit of Rs. 71 crore and EPS of Rs. 4.85. The company also announced the issuance of 18 lakh sweat equity shares (10 lakh to CMD Kanubhai Thakkar and 8 lakh to JMD Jayesh Thakkar) at Rs. 303.56 per share in lieu of past value addition, no cash is being paid by the promoters. Additionally, the board approved a 1:2 stock split (face value reducing from Rs. 2 to Rs. 1), a new ESOP 2025 plan covering 28 lakh options, a revision in CEO remuneration to Rs. 17 lakh per month, and the appointment of M/s Pipara & Co LLP as new statutory auditor after Surana Maloo & Co completed its second term.
Strong Q1 earnings and the new 100 TPD refinery at Mangaluru are positive for the business. However, the sweat equity issuance of 18 lakh shares to promoter directors (totalling around Rs. 54.6 crore at fair value) and 28 lakh ESOP options will dilute existing shareholders once shareholder approval is received at the AGM on September 12, 2025. The 1:2 stock split should improve retail participation and liquidity.