Q1 FY27 Results: Zero Revenue, Loss Widens; New Director Appointed
Awaiting price reaction for this filing.
Garodia Chemicals' Board approved Q1 FY27 results (June 2026) with zero revenue from operations. Loss after tax widened to Rs 10.39 lakhs from Rs 5.81 lakhs a year ago. Total expenses rose to Rs 10.39 lakhs versus Rs 5.81 lakhs in Q1 FY26. Auditor gave an unmodified opinion but flagged an emphasis of matter noting that debtor, creditor, and loan balances remain subject to confirmation and reconciliation. Board also appointed Mrs. Sarita Salunkhe, mother of Managing Director Ravi Salunkhe, as Additional Non-Executive Non-Independent Director. AGM is scheduled for September 30, 2026, via video conference.
Sustained losses with zero top-line are a concern. The emphasis of matter on unconfirmed balances and related-party board addition are points to watch.