Gratex Industries Ltd

Gratex Industries Limited — Trading window closed from 1 October 2026 until the expiry of 48 hours post the date of declaration of Un-Audited Financial Results for the quarter and half year ended 30 September 2026

AGM Details

• AGM held 10 September 2026 at 1:00 PM via VC/OAVM.
• Venue: Gratex House, Navi Mumbai; VC/OAVM mode.
• Record date: 3 September 2026; shareholders on record: 3,727.
• Video attendance: Promoters 4, Public 40; total resolutions passed: 3.

Key Resolutions

• Ordinary: Receive and adopt the Audited Financial Statements for the financial year.
• Ordinary: Re-appointment by rotation of a director.
• Ordinary: Approval of material related party transactions with a related private company.

Voting Results

• Resolution 1 passed; all votes polled in favour.
• Resolution 2 passed; all votes polled in favour.
• Resolution 3 passed; majority in favour; two opposed.

Dividend

• Dividend: No dividend proposed or declared.

Director Changes

• Director re-appointment by rotation approved.

Material Related Party Transactions

• Related party: a private company; nature: material RPTs; value: not disclosed.

Auditor/Other Governance

• Auditor appointments: No changes disclosed.

AGM Details

• Date, time, and mode: 10 September 2026, 01:00 PM, via VC/OAVM.

Ordinary Business

• Adopt Audited Financial Statements for year ended 31 March 2026 and related reports.
• Director re-appointment: Mona Pratap Menon, retiring by rotation.

Special Business

• Approval of material related party transactions with Marshalls Enterprises India Private Limited.

Voting / Next Steps

• E-voting results and Scrutinizer report to BSE and posted on the company website.

Financial highlights

• Total revenue Rs 427.36 Lakh in 2025-26, up from Rs 375.34 Lakh.
• Net profit after tax Rs 11.02 Lakh, up from Rs 7.14 Lakh.
• Profit before tax Rs 16.42 Lakh.
• EPS Rs 0.36 (basic and diluted).
• Cash from operations Rs 7.996 Lakh; investing Rs 18.042 Lakh; financing Rs 10.292 Lakh.

Debt & liquidity

• Total borrowings Rs 16.885 Lakh; non-current Rs 9.669 Lakh, current Rs 7.216 Lakh.
• Current ratio 4.23x; debt-equity 0.04x; DSCR 1.85x.
• Undrawn facilities: Nil.
• Interest expense Rs 1.146 Lakh; depreciation Rs 13.620 Lakh.

Dividend & reserves

• Dividend not declared for the year.
• No transfer to reserve.

Related party transactions

• Material related party transactions with Marshalls Enterprises India Pvt Ltd.
• Aggregate RPTs with MEIPL for 2027-30 require member approval; arm's length pricing.
• RPT scope includes sale/purchase of goods, warehousing, franchise commissions, packing, service charges, reimbursements.
• MEIPL has common directors with Gratex.
• Aggregate RPTs represent a substantial portion of turnover; approved by Audit Committee; shareholders where required.

Governance & audit

• Board strength five; committees: Audit, Nomination & Remuneration, Stakeholders.
• Independent Directors: Prashant Sawant and Akanksha Bector.
• Statutory Auditor: Harshal Doshi & Associates; term to 2029; no annual ratification.
• Secretarial Auditor: JC & Associates; no qualifications; Secretarial Compliance Report not applicable.

Management outlook

• FY2025-26 revenue Rs 4.27 Crores; 14% YoY growth.
• Digital printing sales up 45%; catalogue sales up 15%.
• Outlook: 2026-27 turnover target +25%; exports expansion.
• New printing machine added Jan 2026; margins expected to improve.

Shareholding & equity

• Promoters hold 46.89%; Baldevkishan Sharma 46.89%, Promila Sharma 9.56%, Mona Menon 4.54%, Karan Sharma 0.91%.
• Paid-up equity shares: 3,034,800; capital Rs 3.0348 crore.
• ISIN INE915E01013; BSE scrip code 526751.
• Unclaimed shares: 1,100 moved to Suspense Demat; 5 shareholders.
• Registrar and Transfer Agent: Adroit Corporate Services.

AGM Details

• AGM date and time: 10 September 2026 at 01:00 PM IST via VC/OAVM.
• Record and share transfer books close 04–10 September 2026.

Key Resolutions

• Resolution 1: Adopt Audited Financial Statements and reports for year ended 31 March 2026.
• Resolution 2: Re-appointment of Mona Pratap Menon, retiring by rotation.
• Resolution 3: Related party transactions with Marshalls Enterprises India Private Limited; ordinary resolution.

Related Party Transactions

• Counterparty: Marshalls Enterprises India Private Limited; MEIPL relationship described.
• Scope includes sale and purchase of goods, warehousing, and service charges.
• Proposed tenure covers 2027-2029-30, at arm's length and in ordinary course.
• Annual values by category for FY2027-28 to FY2029-30 disclosed.

Key AGM and book-closure dates

• Book closure: 04 Sep 2026 to 10 Sep 2026 (inclusive) for the 42nd AGM.
• AGM date: 10 Sep 2026 at 01:00 PM via VC/OAVM.
• Purpose: book closure for the 42nd Annual General Meeting.
• E-voting window: 07 Sep 2026 09:00 to 09 Sep 2026 17:00.
• E-voting cut-off: 03 Sep 2026 for voting entitlement.

Financial results

• Audit Committee reviewed and Board approved the unaudited results.
• Unaudited standalone quarterly results for quarter ended 30 Jun 2026 approved.
• Limited Review Report by statutory auditors obtained.
• Stand-alone results available on company website.

Board and annual report approvals

• Board approved the Board's Report and 42nd Annual Report for FY ended 31 March 2026.

AGM and disclosures

• 42nd AGM to be held on 10 Sep 2026 at 01:00 PM via VC/OAVM.
• Notice and Annual Report to be submitted to stock exchange and hosted on website.
• Register of Members to remain closed 04-10 Sep 2026 for AGM.

Trading window

• Trading window closed for Directors/officers until 09 Aug 2026.

Other disclosures

• Figures for previous periods regrouped for comparability.
• Results prepared in accordance with Indian Accounting Standards and Companies Act 2013.
• Board meeting timings: 1:00 PM to 3:00 PM.