Goblin India Ltd

Goblin India Ltd: Trading window closure from 1 October 2026 till end of 48 hours after the unaudited half-year results for the half year ended 30 September 2026.

Kinjal Parmar — Independent Director appointment

• Change in designation: Additional Non-Executive Independent Director appointed 10 March 2026.
• Shareholders regularized her as Non-Executive Independent Director at AGM held 31 August 2026.
• Brief profile: MBA holder with over five years' accounting experience.
• Relationship with directors: Not related to any other director.
• Debarment: Not debarred by SEBI or any authority.
• Reason for change: Regularization of appointment as Non-Executive Independent Director.
• Impact on governance: Adds Independent Director; maintains board independence.

AGM details

• Date: 31 August 2026, 09:30 AM; venue: registered office (physical AGM); record date: 24 August 2026 for voting.

Resolutions and outcomes

• Item 01: Ordinary – adoption of audited financial statements and reports passed.
• Item 02: Ordinary – re-appointment of Manish Agrawal as director passed.
• Item 03: Ordinary – increase in authorised share capital and MOA amendment passed.
• Item 04: Special – regularization of Kinjal Parmar as Independent Director; passed.
• Item 05: Special – increase in managerial remuneration; not passed.
• Item 06: Special – approval for related party transactions; passed.

Dividend

• Dividend not proposed or declared at the AGM.

Director changes

• Kinjal Parmar appointed as Regular Independent Director; term not specified.

Auditors

• No new statutory/secretarial/cost auditor appointments announced.

Related party transactions

• Approval for related party transactions; counterparty and value not disclosed.

Other material approvals

• No ESOPs, charter amendments, or other material approvals reported.

AGM Details

• 37th AGM held 31 August 2026 at 09:30 IST at registered office; remote e-voting Aug 28–30.
• Voting through polling papers at AGM venue.

Resolutions

• Receive, consider and adopt audited financial statements (standalone and consolidated); Ordinary.
• Re-appoint Manish Agrawal as Director; Ordinary.
• Increase authorised share capital and amend MOA capital clause; Special.
• Regularize Kinjal Parmar as Independent Director; Special.
• Increase overall managerial remuneration of directors; Special.
• Approve related party transactions; Special.

Voting Status

• Voting results pending; Scrutinizer's report to declare outcomes; posted on company website and BSE within two days.

Director Changes

• Manish Agrawal re-appointed as Director.
• Kinjal Parmar Regularized as Independent Director.

Book closure details

• Book closure period: 25 August 2026 to 31 August 2026 (inclusive) for AGM.
• Purpose: to record members for the 37th AGM.
• Cut-off date for remote e-voting: 24 August 2026.
• AGM: 31 August 2026 at 09:30 AM, registered office.
• Security: Equity shares.

AGM & filings

• 37th AGM scheduled for 31 Aug 2026 at 9:30 AM, Ahmedabad.
• Notice covers ordinary business: adoption of standalone and consolidated financials.
• Special business includes capital increase, independent director regularization, remuneration cap, RPT approvals.

Financial performance

• Standalone revenue from operations: Rs 39.04 crore; PAT Rs 1.56 crore; EPS Rs 1.13.
• Consolidated revenue from operations: Rs 55.38 crore; PAT Rs 2.31 crore; EPS Rs 1.67.
• Standalone revenue and PAT improved year-on-year; consolidated PAT indicates significant uplift from subsidiaries.

Capital structure & equity

• Authorised capital raised to Rs 46.00 crore from Rs 24.50 crore.
• Equity share capital issued/subscribed: 13,818,876 shares.
• Promoter holdings: Manoj Choukhany 26.15%, Goenka Finance 10.51%, Sonam Choukhany 3.18%.
• No change in issued share capital during the year.

Dividend & capital allocation

• Dividends not recommended for FY2025-26.
• Related party transactions up to Rs 25 crore per year for FY2026-27, arm's length basis.
• Board approved to increase overall managerial remuneration limits; cap Rs 90 lakh if profits are inadequate.

Governance & board changes

• Yatin Hasmukhlal Doshi resigned as Executive Director on 30 Apr 2026.
• Kinjal Parmar appointed Additional Independent Director on 10 Mar 2026; regularized for five years.
• Harshita Singhal and Nidhi Jain resigned in 2025; Khushbu Bharakatya appointed Company Secretary on 24 Jul 2026.
• Audit Committee: Kalaria (Chairman), Parmar (Member), Choukhany (MD). 4 meetings in year.
• Nomination & Remuneration Committee: Parmar (Chair), Kalaria, Agarwal; 4 meetings.

Related party transactions

• RPTs with Renova Private Limited, GT Hasten Industries LLP, GT Bags up to Rs 25 crore.
• Proposed RPTs constitute 45.14% of prior year consolidated turnover.
• Transactions are in ordinary course and arm's length; no voting by related parties under LODR.

Audit, risk & internal controls

• Statutory auditors flag GST ledger, GST reconciliations and IT/TDs non-compliance.
• I-T returns for AY 2025-26 and related TDS filings pending; penalties possible.
• Secretarial audit notes delays in XBRL submissions and RBI compliance issues for Goblin France.
• Material weaknesses identified in GST compliance and tax-related controls; management actions ongoing.

Subsidiaries & consolidation

• Subsidiaries: Goblin France SARL (France) and Goblin Industries (India) Private Limited.
• Goblin France not audited by group; consolidation based on management data; exchange-rate treatment noted.

Operations & growth outlook

• Production capacity 1.2 million pieces; target expansion to 2.5 million.
• Industry outlook: Indian luggage market growth supported by rising travel and premiumization.
• Expansion through B2B/B2C channels; focus on e-commerce and distributor network growth.

Liquidity & cash flows

• Standalone cash & cash equivalents: Rs 52.58 lakh; Consolidated: Rs 148.76 lakh.
• Net cash from operating activities: Standalone Rs 22.88 lakh; Consolidated Rs 107.19 lakh.
• Long-term borrowings: Standalone Rs 8.3380 crore; Consolidated Rs 8.4480 crore.
• Current borrowings total: Standalone Rs 5.6131 crore; Consolidated Rs 5.6131 crore.

AGM Details

• Date, time, mode: 31 August 2026 at 09:30 AM, physical meeting at Camex House, Ahmedabad.
• Members' register closure: 25 to 31 August 2026 (inclusive).

Key Resolutions

• Ordinary: Adopt standalone and consolidated audited financial statements for year ended 31 March 2026.
• Ordinary: Re-appoint Manish Agrawal as Director, retiring by rotation.
• Increase Authorized Share Capital to Rs 46 crore and amend MOA Clause V.
• Regularization of Kinjal Parmar as Independent Director for five-year term.
• Increase overall managerial remuneration limit; cap Rs 90 lakh in no-profit years.
• Approve related party transactions with Renova Private Limited, GT Hasten Industries LLP and GT Bags Proprietorship up to Rs 25 crore annually.

Director Changes

• Kinjal Parmar appointed Additional Independent Director from 10 March 2026; five-year term.
• Manish Agrawal re-appointed as Director; retires by rotation.

Related Party Transactions

• Counterparties include Renova Private Limited, GT Hasten Industries LLP, GT Bags Proprietorship.
• Aggregate value up to Rs 25 crore per year for FY 2026-27.
• Nature: sale/purchase/supply of goods, arm's length terms.
• Audit Committee approved with Board endorsement per RPT policy.
• Funds via internal accruals; unsecured, on-demand loan terms.
• RPT represents 45.14% of prior year's turnover.

Goblin India Ltd board meeting details not disclosed in filing chunk

Appointment details

• Ms. Khushbu Bharakatya appointed as Company Secretary & Compliance Officer.
• Effective from 24 July 2026.
• Reason: Appointment to comply with Companies Act Section 203 and SEBI LODR.
• Profile: Associate Member of ICSI with broad secretarial and compliance experience.
• Related-party relationships: Not related to any directors of the company.
• Shareholding: Nil.
• Terms: Appointment on terms to be decided by the board.