Please note that the Board of Directors of the Company, in their meeting held today i.e. on 21th May, 2026, inter alia, has: 1. Approved the Standalone Audited Financial Statements of ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Gujarat Craft Industries Ltd reported a decline in FY26 performance. Revenue from operations fell to ₹18,405.68 lakh from ₹20,288.62 lakh in FY25, a ~9.3% drop. Profit before tax (after exceptional item of ₹52.24 lakh for new labour code impact) stood at ₹130.56 lakh vs ₹350.93 lakh, while PAT dropped sharply to ₹96.98 lakh from ₹268.62 lakh (~64% decline). Q4 FY26 itself reported a loss before tax of ₹8.87 lakh. The Board recommended a final dividend of ₹0.50 per equity share (5% on ₹10 face value). An unmodified audit opinion was issued. The company appointed M/s. Kashyap R. Mehta & Partners as Secretarial Auditors to fill a casual vacancy following the resignation of M/s. Nishant Pandya & Associates.
The sharp fall in profitability despite stable operations and the Q4 loss are concerning signals. Shareholders may face pressure on returns, though the clean audit opinion and dividend provide some support. The labour code charge is non-recurring.