Gold Coin Health Foods Ltd

GoldCoin Health Foods Limited — Trading window closed from 1 October 2026 till 48 hours after the declaration of Unaudited Financial Results for the 2nd quarter ended 30 September 2026.

AGM Details

• AGM held on 24 September 2026 at 10:00 AM via Video Conferencing.
• Cut-off date for voting eligibility: 19 September 2026.
• Remote e-voting period ran from 21 to 23 September 2026.

Key Resolutions

• Res 1: Adoption of Audited Financial Statements for FY2025-26.
• Res 2: Re-appointment of Pravinaben Gohil as director on rotation.
• Res 3: Regularisation of Independent Director Soham Ashokkumar Solanki.
• Res 4: Regularisation of Independent Director Umang Ashwinbhai Shah.

Voting Results

• Res 1 passed with 99.81% for, 0.19% against.
• Res 2 passed with 99.81% for, 0.19% against.
• Res 3 passed with 99.81% for, 0.19% against.
• Res 4 passed with 99.81% for, 0.19% against.

Director Changes

• Regularisation of Soham Ashokkumar Solanki as Independent Director.
• Regularisation of Umang Ashwinbhai Shah as Independent Director.
• Re-appointment of Pravinaben Gohil as Director on rotation.

AGM details

• AGM date: 24 September 2026; voting conducted via remote e-voting.
• Meeting mode not disclosed; remote e-voting used for voting.

Resolutions

• Ordinary Resolution 1: Adoption of audited financial statements; 99.81% in favour, 0.19% against.
• Ordinary Resolution 2: Reappointment of director retiring by rotation; 99.81% in favour, 0.19% against.
• Ordinary Resolution 3: Regularisation of Soham Ashokkumar Solanki; 99.81% in favour, 0.19% against.
• Ordinary Resolution 4: Regularisation of Umang Ashwinbhai Shah; 99.81% in favour, 0.19% against.

Director changes

• Regularisation of two additional Independent Directors; Pravinaben Gohil reappointed as director.

AGM Details

• Held on 24 September 2026 at 10:00 AM IST via VC/OAVM.
• Quorum: 19 members attended.
• Meeting concluded at 10:25 AM IST.
• E-voting cut-off: 19 September 2026; window: 21–24 September 2026.

Key Resolutions

• Ordinary resolution to adopt audited balance sheet, P&L, and related reports.
• Ordinary resolution to reappoint a director by rotation.
• Special resolution to regularise Additional Independent Director as Independent Director.
• Special resolution to regularise another Additional Independent Director as Independent Director.

Voting Status

• Results of e-voting will be intimated to the Stock Exchange.
• Consolidated results and Scrutinizer's report to be posted within 48 hours.
• Results will also be communicated to BSE Limited.

Director Changes

• Regularisation of two Additional Independent Directors as Independent Directors.

Financial performance

• Turnover: Rs 9.07 Lakhs in 2025-26, up from Rs 6.51 Lakhs in 2024-25.
• Total income: Rs 24.89 Lakhs in 2025-26, up from Rs 8.74 Lakhs.
• Profit after tax: Rs (4.52) Lakhs in 2025-26, vs Rs (12.21) Lakhs prior year.
• Basic EPS: Rs (0.30) for 2025-26.
• Net profit margin: (49.89)% in 2025-26, vs (187.64)% prior year.
• Current ratio: 3.62x as at 31 March 2026, vs 1.48x prior year.
• Return on equity: (4.55)% in 2025-26.
• Trade receivables turnover: 0.14x in 2025-26.

Capital actions & status

• Special resolution for reduction of share capital approved at EGM on 27 Mar 2025.
• Scheme awaiting National Company Law Tribunal (NCLT) approval.
• Equity shares consolidated from Rs 5 to Rs 10, effective 11 Dec 2025.
• Balance shares reduced from 3,000,900 to 1,500,450 due to consolidation.

Dividend & CSR

• No dividend declared for the year ended 31 March 2026.
• Corporate Social Responsibility not applicable.

Governance & board changes

• Regularisation of Additional Independent Directors: Soham Solanki and Umang Shah.
• Both appointed as Independent Directors with five-year terms from 16 Jul 2026.
• AGM to formalize appointments; meeting date disclosed as 24 Sep 2026.

Board & audit committee

• Audit Committee comprises two Independent Directors: Hiren Mehta and Ashok Solanki.
• Committee oversees financial reporting, internal controls, and related party disclosures.

Related party transactions

• Loans from related parties total Rs 30.06 Lakhs as at 31 Mar 2026.
• Loans balances: Devang Shah Rs 21.40 Lakhs; Pravinaben Gohil Rs 8.66 Lakhs.
• Remuneration to MD (Devang Shah) Rs 3.00 Lakhs; WTD (Pravinaben Gohil) Rs 3.00 Lakhs.

Audit flags & internal controls

• Auditors note reduction capital scheme is subject to NCLT approval.
• Annexure flags: audit trail/Log controls not fully implemented; ERP constraints cited.
• Internal audit system not established; management asserts adequate internal controls.

Outlook & risks

• Management expects higher turnover in the current year.
• Plans to develop cattle farming with upgraded technology.
• Risks include external market competition and perishable nature of products.

Book closure for AGM 2026

• Book closure from 17 September 2026 to 24 September 2026 for AGM notice.
• Cut-off dates: 21 August 2026 for notice and 19 September 2026 for e-voting.

AGM date and voting timeline

• AGM moved to 24 September 2026 at 10:00 via VC/OAVM (from 17 September 2026).
• E-voting cut-off date fixed at 19 September 2026.

Resignation: Ashokkumar Solanki

• Resignation as Non-Executive Independent Director effective 16 July 2026 due to pre-occupation; no other material reasons.

Resignation: Hiren Sureshkumar Mehta

• Resignation as Non-Executive Independent Director effective 16 July 2026 due to pre-occupation; no other material reasons.

Financials

• Revenue from operations: 1.82 lacs in Q1 FY2026-27.
• Total income (net) for Q1: 1.82 lacs; other income: 0.
• Net loss for the quarter: 8.84 lacs; EPS: -0.59.
• Year-to-date net profit: 3.50 lacs; YTD EPS (continuing ops): 0.12.
• Paid-up equity share capital: 150.05 lacs; face value Rs 10.
• Capital reduction: equity shares consolidated from Rs5 to Rs10 (effective 11-Dec-2025); EPS restated.
• Current quarter includes NSDL/CDSL/BSE charges due to capital reduction scheme.
• Auditor: Limited Review by VSS B & Associates; no material misstatement; no audit opinion.

Financial results

• Approved unaudited standalone quarterly results for June 30, 2026, with Limited Review Report.

Independent directors appointed

• Appointed Soham Ashokkumar Solanki as Independent Director (Additional) for 5-year term, effective 16 July 2026.
• Appointed Umang Ashwinbhai Shah as Independent Director (Additional) for 5-year term, effective 16 July 2026.

AGM date and venue

• 37th AGM scheduled for September 17, 2026 via video conferencing/AV.

Projects and funding

• Plan to set up cattle farming and greenhouse projects on 14,842 sq m near Ahmedabad; promoter-owned land.
• Funding for the project may come from promoters or external funding sources.

Record date

• Record date for AGM and e-voting fixed at 07 September 2026.

Shareholder approvals

• Appointments are subject to shareholders' approval within three months.