Golden Carpets Ltd

Golden Carpets Ltd trading window closed from start of business hours on 1st October 2026 till 48 hours after the declaration of UnAudited Financial Results for the quarter and half-year ended 30th September 2026.

AGM Details

• Date and venue: 23 September 2026, Hotel Marriott, Hyderabad.
• Start time: 9:00 AM.
• Mode: Physical AGM with remote e-voting.
• Remote e-voting window: 19-22 September 2026.
• Shareholders present: 36 (2 promoter group, 34 public).
• Voting cut-off: 16 September 2026.

Key Resolutions

• Resolution 1: Adoption of audited financial statements for year ended 31 March 2026.
• Resolution 2: Re-appointment of Rohan Bhushan Kerur as director.
• Resolution 3: Change in designation to Managing Director for Meena Bhushan Kerur.

Voting Results

• Resolution 1 passed; 100% in favour of valid votes.
• Resolution 2 passed; 100% in favour.
• Resolution 3 passed; 100% in favour.

Dividend

• No dividend proposed or declared.

Director Changes

• Rohan Bhushan Kerur retires by rotation; re-appointment offered.
• Meena Bhushan Kerur designated as Managing Director.

Auditors

• No auditor appointments or changes disclosed.

Related Party Transactions

• No material related party transactions disclosed.

AGM Details

• 32nd AGM held on 23 September 2026 at 9:00 AM IST.
• Venue: Hotel Marriott, Tank Bund Road, Hyderabad.
• Record date: 16 September 2026.
• No. of members on record: 946; attendees: 36.

Key Resolutions

• Item 1 (Ordinary): Adoption of audited financial statements for year ended 31 March 2026 and related reports.
• Item 2 (Ordinary): Re-appointment of director retiring by rotation (Rohan Bhushan Kerur).
• Item 3 (Special): Change in designation of Mrs. Meena Bhushan Kerur from Non-Executive Director to Managing Director.

Voting & Outcomes

• Remote e-voting conducted from 19–22 Sep 2026; ballot voting at AGM for attendees.
• Final results to be announced after Scrutinizer's Report.

Director Changes

• Meena Bhushan Kerur designated Managing Director.
• Rohan Bhushan Kerur retires by rotation and seeks re-appointment.

Record date for AGM e-voting

• Record Date (Cut-off Date): 16 September 2026.
• Purpose: Remote e-voting for the 32nd AGM.
• Type of Security: Equity Shares.
• Paid up value per share: Rs 10.

Book closure details

• Book closure period: 17 September 2026 to 23 September 2026 (inclusive).
• Purpose: 32nd Annual General Meeting.
• Security: Equity Shares; Paid-up value Rs. 10 per share.

Financial performance

• Revenue from operations was Rs 95.49 Lakhs; up from Rs 78.98 Lakhs prior year.
• Total revenue was Rs 96.77 Lakhs.
• Net loss for the year: Rs 16.39 Lakhs; EPS: Rs -0.25.
• Profit before tax: Rs -24.25 Lakhs; Deferred tax: Rs -8.06 Lakhs.
• Net cash flow from operations: Rs -16.66 Lakhs; year-end cash: Rs 8.15 Lakhs.
• Net worth negative: Rs -30.74 Lakhs.
• Dividend declared: none; no dividends due to losses.

Capital structure & liquidity

• Long-term borrowings: Rs 4.65 Crore.
• Current liabilities: Rs 71.78 Lakhs.
• Cash and cash equivalents: Rs 8.15 Lakhs.
• Equity share capital: Rs 8.44 Crore; 64.90 Lakh shares.
• Reserves and surplus: Rs -8.75 Crore.

Dividend & capital allocation

• No dividend declared for FY2025-26.
• No share buybacks or Sweat Equity during year.

Governance & board changes

• Board has Independent Directors; Meena Bhushan Kerur appointed MD for 5 years from 20 Aug 2026; remuneration waived.
• Rohan Bhushan Kerur appointed Director from 20 Aug 2026; joins Audit/NRC/SRC committees.
• Audit Committee reconstituted; new member Rohan; majority Independent.
• SRC reconstituted; Rohan as Chair; Meena and Krovi as members.
• Internal Auditor not appointed due to small scale and losses.
• Secretarial Auditor engaged.

Operations & workforce

• Single carpet segment; 100% woven carpets; Hyderabad facility.
• Eight permanent employees as at 31 March 2026.
• No external borrowings; operations funded by internal accruals.

Audit & internal controls

• Statutory auditors: Sathuluri & Co.
• Secretarial auditor: Atluri Ramesh & Associates.
• Internal auditor not appointed; policy due to scale and losses.
• Internal financial controls are adequate and effective.

Outlook & risks

• Industry outlook constructive; India remains top handmade carpet exporter.
• Risks: labor intensity, high fixed costs, competition from Turkey.
• Opportunities: digital design, e-commerce, D2C marketing.

AGM Details

• 32nd AGM for FY2025-26 scheduled for 23 September 2026 at 09:00 IST.
• Venue: Hotel Marriott, Tank Bund Road, Hyderabad.
• Mode: Physical meeting.

Committee reconstitution

• Audit Committee: Rohan Kerur added as Member; Meena Kerur ceases to be Member.
• Nomination & Remuneration Committee: Rohan Kerur added as Member; Meena Kerur ceases to be Member.
• Stakeholders Relationship Committee: Rohan Kerur becomes Chairperson; Meena Kerur becomes Member; Srikrishna Naik redesignated as Non-Executive & Non-Independent.
• Board meeting held on 20 August 2026 approving committee reconstitutions.

MD designation change

• Meena Bhushan Kerur changed from Director (Non-exec & Non-Independent) to Managing Director, effective 20 August 2026.
• Term five years, subject to member approval at the ensuing general meeting.
• Change recommended by Nomination and Remuneration Committee.
• Graduate with 18 years' experience in management, administration, and marketing.
• Sister of Srikrishna Naik (Chairman and Director) and mother of Rohan Bhushan Kerur (Director).
• Not debarred from holding director office per SEBI order.
• Subject to member approval; no immediate change to board/committees.