This is to inform you that pursuant to Regulation 30 and Regulation 33 of the Listing Regulations, the Board at its meeting held today i.e., Friday, May 29, 2026, through video Conferencing, ....
Awaiting price reaction for this filing.
Garodia Chemicals Ltd reported audited financial results for FY ended March 2026. The company posted a profit of Rs 391.67 lakhs, a significant turnaround from a loss of Rs 20.77 lakhs in the previous year. Other income of Rs 405.88 lakhs was generated from settlement of loans provided by related parties (Mr. Mahesh Garodia, Mr. Nishant Garodia, and M/s Garodia Sons Private Limited) under a Base Resolution Plan approved by NCLT. The capital reorganization reduced share capital from 72 lakh shares (Rs 10 each) to 2.63 lakh shares (Rs 1 each), with Rs 7.17 crores used to write off accumulated losses. Additionally, 50 lakh new shares were allotted to a new promoter. Statutory auditors issued an unmodified (clean) opinion on the financial results.
The company has successfully restructured its capital and settled related party loans, resulting in a clean balance sheet with significantly reduced negative equity. Shareholders should note the dramatic capital reduction and new promoter entry, which fundamentally changes the company's ownership structure.