Outcome of Board meeting held on 29th May 2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Gujarat Toolroom Ltd's Board approved audited standalone and consolidated financial results for FY2026 ending 31st March 2026. Standalone revenue dropped sharply to Rs 2,258.51 Lakhs from Rs 31,379.09 Lakhs in the prior year, resulting in a net loss of Rs 558.83 Lakhs versus a profit of Rs 1,161.47 Lakhs previously. Consolidated results show revenue of Rs 88,963.31 Lakhs with net profit of Rs 772.36 Lakhs. The company's auditors R B Gohil & Co issued an unmodified (clean) opinion despite noting that the company's GST registration was cancelled suo moto by the GST department, causing discrepancies between GST portal and books, and that TDS was not deducted/paid under Sections 192, 194C, 194I, 194Q and TCS under 206CQ for FY 2025-26. The company has a wholly-owned subsidiary GTL Gems DMCC.
The standalone business showed severe revenue contraction and moved to loss, raising concerns about standalone operations. The GST cancellation and TDS non-compliance represent significant regulatory risks that could lead to penalties, though auditors still gave a clean opinion. Shareholders should monitor regulatory developments closely.