Outcome of Board Meeting held on May 29, 2026
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The Board of Directors of Shree Ganesh Elastoplast Limited met on May 29, 2026 and approved the audited financial results for Q4 and the year ended March 31, 2026. The company reported total income of Rs 1,975.01 lakhs for FY2026 compared to Rs 1,973.20 lakhs in FY2025, showing marginal growth. However, the company still posted a net loss of Rs 48.01 lakhs for FY2026, though significantly improved from the loss of Rs 147.42 lakhs in FY2025. Q4 FY2026 showed a net profit of Rs 4.23 lakhs versus a loss of Rs 183.06 lakhs in Q4 FY2025. The auditors gave an unmodified (clean) opinion on the financial statements. The board also appointed M/s Umangi Bhavsar & Associates as Internal Financial Auditors for 5 years and authorized the Whole Time Director to fix AGM dates and record dates.
The significant improvement from a Rs 147.42 lakh loss to Rs 48.01 lakh loss is a positive signal for shareholders. Q4 profitability turnaround and clean audit opinion may boost investor confidence, though the company remains in loss territory and cash position declined to Rs 29.87 lakhs from Rs 56.26 lakhs.