PFA THE AOUTCOME OF BOARD MEETING
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Gothi Plascon India Ltd's board, meeting on 31 July 2025, approved unaudited financial results for Q1 FY26 (quarter ended 30 June 2025). Revenue from operations stood at Rs. 91.76 lacs, down from Rs. 105 lacs in the same quarter last year (~12.6% YoY decline). Profit after tax came in at Rs. 35.83 lacs versus Rs. 47.20 lacs in Q1 FY25, with EPS of Rs. 0.35 (vs Rs. 0.46). The board also accepted the resignation of statutory auditor M/s N.Singhal & Co. (citing personal and professional preoccupations) and appointed M/s Achha Associates as the new statutory auditor for a 5-year term at Rs. 1.5 lakh per annum. The 30th AGM is scheduled for 1 September 2025 via video conferencing, with 25 August 2025 as the cut-off date for voting eligibility.
Shareholders should note the mid-year auditor change along with weaker top-line performance — revenue declined YoY and profit dropped by about 24%. The resignation reason cited by the outgoing auditor (personal commitments) appears routine with no governance concerns flagged, but the change itself may warrant monitoring of the new auditor's first review.