OUTCOME OF BOARD MEETING
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of Directors of Gujarat Poly Electronics Limited met on May 12, 2026 and approved the audited standalone financial results for Q4 and full year ended March 31, 2026. The company reported net profit of Rs 3,072.23 Lakhs, a massive jump from Rs 201.65 Lakhs in FY2025, primarily due to Rs 3,029.52 Lakhs in gains from sale/redemption of investments and fair value changes. Revenue from operations declined to Rs 1,689.31 Lakhs from Rs 1,779.24 Lakhs. The Board recommended a dividend of Rs 0.50 per equity share (5% on Rs 10 face value), subject to shareholder approval at the ensuing AGM. Mr. Vinay Kumar Puniani was re-appointed as Executive Director for 2 years w.e.f. August 1, 2026, and M/s Chokshi & Chokshi LLP was re-appointed as Internal Auditors for FY 2026-27. Auditors G.M. Kapadia & Co. expressed an unmodified opinion on the financial statements.
The sharp increase in net profit is largely non-operational (investment gains), so underlying business performance remains subdued. The dividend provides some return to shareholders. The stock may see modest positive reaction given the profit jump and dividend announcement.