Standalone Audited Financial Statements for the FY ended Mar31, 2025 along with unmodified Auditors'' Report thereon
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Gujarat Craft Industries Ltd's Board approved standalone audited financial results for the quarter and financial year ended March 31, 2025. Statutory auditors Kantilal Patel & Co. issued an unmodified (clean) opinion on the results. The Board recommended a final dividend of Re. 1 per share (10% on face value of Rs. 10) subject to shareholder approval. The company operates in a single segment — Plastic Packing Material. A partial reversal of deferred tax liability on land revaluation was carried out following recent Union Budget amendments. Detailed related party transactions were disclosed, including multiple loan borrowings and repayments with promoter-controlled entities, key managerial personnel, and their relatives.
Clean audit and dividend declaration signal operational continuity and shareholder returns. However, the substantial volume of related party loans with promoter group entities and KMP warrants investor attention from a corporate governance standpoint.