The Board of Directors in their meeting held today have approved the appointment of Kashyap R. mehta & Partners, Company Secretaries, Ahmedabad as Secretarial Auditors of the company due ....
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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 audited financial results for FY2025-26 ended March 31, 2026. Revenue from operations declined to Rs 18,405.68 lakh from Rs 20,288.62 lakh in the previous year, representing a 9.3% drop. Profit after tax fell significantly to Rs 96.98 lakh compared to Rs 268.62 lakh in FY25, a decline of about 64%. The company recommended a final dividend of Rs 0.50 per share (5% on face value of Rs 10). The auditors issued an unmodified (clean) opinion. The company appointed M/s Kashyap R. Mehta & Partners as secretarial auditors to fill a vacancy caused by the resignation of the previous firm. An exceptional charge of Rs 52.24 lakh was recognized due to new Labour Codes. Cash flow from operations remained positive at Rs 768.08 lakh.
The sharp decline in profitability despite positive operating cash flows signals margin compression. The 64% drop in PAT and 9.3% revenue decline are concerning for shareholders. The clean audit opinion provides some comfort, but the deteriorating financial performance may negatively impact the stock price.