Outcome of the Board Meeting dated 29th May, 2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Gourmet Gateway India Limited (formerly Intellivate Capital Ventures) reported audited consolidated financial results for FY ended March 2026. Total consolidated revenue was ₹19,548.51 lakhs (up from ₹16,967.82 lakhs in FY25), with a net profit of ₹18.38 lakhs, a significant turnaround from a net loss of ₹262.38 lakhs in the prior year. The company has 12 subsidiaries including Barista Coffee Company and operates in the food and beverages segment. The Board declared an unmodified opinion on the statutory audit report and reappointed M/s. Chatterjee & Chatterjee as internal auditor for FY 2026-27. The auditors drew an Emphasis of Matter regarding an Enforcement Directorate (ED) search and seizure operation under PMLA at the company's premises and two subsidiaries (Barista and Welgrow Hotels) in the previous year; the Provisional Attachment Order attached promoter shares. No adjustments were made to the financials as proceedings are ongoing. Standalone results were also approved.
The company returned to profitability after two consecutive loss years, a positive signal for shareholders. However, the ongoing ED investigation under PMLA with a Provisional Attachment Order on promoter shares remains a material regulatory risk that investors should monitor closely.