Gujarat Craft Industries Ltd

Gujarat Craft Industries Ltd – Closure of Trading Window from 1 October 2026 till 48 hours after the declaration of Unaudited Financial Results for the quarter ended 30 September 2026

Secretarial Auditor Appointment

• AGM approves five-year appointment of Kashyap R. Mehta & Partners as Secretarial Auditors (FY2026-27 to 2030-31).

AGM Details

• AGM held on 23 September 2026 at 1:00 PM IST, via VC/OAVM.
• Mode: Video Conferencing / Other Audio Visual Means, no physical venue.
• Remote e-voting conducted 20–22 September 2026; votes cast during AGM.
• Proceedings deemed to be at the Company's registered office.

Resolutions & Voting Outcomes

• Resolution 1: Adoption of Audited Financial Statements approved (Ordinary).
• Resolution 2: Final dividend of Re. 0.50 per equity share approved.
• Resolution 3: Reappointment of Rishab Chhajer approved.
• Resolution 4: Appointment of Kashyap R. Mehta & Partners as Secretarial Auditors approved.

Dividend Details

• Final dividend per share: Re 0.50.

Governance Changes

• Rishab Chhajer reappointed as Director.
• Secretarial Auditor appointment for five years: Kashyap R. Mehta & Partners.

Voting Summary

• All resolutions passed with 100% in favour and 0% against.

AGM Details

• Date, time, mode: 23 Sep 2026, 1:00 PM IST, VC/OAVM.

Key Resolutions

• Adopt Audited Financial Statements for year ended 31 March 2026.
• Declare final dividend of Rs 0.50 per equity share.
• Re-appoint director retiring by rotation.
• Special/Ordinary: Appoint Secretarial Auditors M/s Kashyap R. Mehta & Partners for five years.

Voting Status

• Voting results pending; to be declared within 2 working days.
• Results to be communicated to BSE on conclusion.

Dividend

• Final dividend proposed: Rs 0.50 per equity share.

Director Changes

• Director Rishab Chhajer retires by rotation and seeks re-appointment.

Auditor Appointments

• Secretarial auditor appointed for five-year term: M/s Kashyap R. Mehta & Partners.

Financial highlights

• Revenue from operations: Rs 18,405.68 lakh; down from Rs 20,288.62 lakh.
• PAT: Rs 96.98 lakh; down from Rs 268.63 lakh.
• Operating profit before interest and depreciation: Rs 12.72 crore.
• Export earnings: Rs 95.86 crore; target to export 80% of production.
• Net cash from operations: Rs 7.68 crore; cash at year-end Rs 3.28 crore.
• Total borrowings: Rs 63.44 crore; net debt Rs 63.41 crore; gearing 0.99x.

Dividend & capital

• Final dividend: Rs 0.50 per equity share for FY2025-26.
• Record date: 16 September 2026.
• Proposed dividend amount: Rs 24.44 lakh.

Operations & growth

• Single segment: HDPE/PP woven fabrics; domestic and export markets.
• Two Star Export House recognition by DGFT.
• Rooftop solar capacity totaling 1.6 MW; 448 kW at Santej; 3.67 MW on lease.
• Capex on energy conservation: Rs 1593.14 lakh.

Governance & leadership

• Ashok Chhajer, MD, passed away on 6 July 2025.
• Rishab Chhajer appointed MD & Chairman in 2025.
• Parth B. Thakkar appointed Independent Director from 1 Sept 2025; Swati Pipara ceased 29 Sept 2025.

Audits & compliance

• Statutory auditors: M/s Kantilal Patel & Co.; Secretarial auditors: Kashyap R. Mehta & Partners.
• Auditor's report: no qualification; Secretarial audit: no remarks.
• Contingent liabilities: Income tax disputes Rs 406.95 lakh; appeals Rs 691.18 lakh.

Capital & shareholding

• Paid-up capital Rs 488.83 lakh; 48,88,300 shares.
• Promoters hold majority stake (~73.8%); top holders include Sushma Chhajer 39.33%.
• 88% dematerialised; ISIN INE372D01019; no GDR/ADR outstanding.

Risks & outlook

• Raw material price volatility; competition from petrochemical players.
• FX risk managed via forward contracts; currency exposures exist.
• New Labour Codes recognized as Rs 52.24 lakh exceptional item.

Financial results and approvals

• Unaudited standalone results for quarter ended 30 June 2026 approved.
• Audit Committee reviewed; Limited Review Report attached.
• Revenue from operations: 4,388.53 lakh; PAT: 5.70 lakh.
• Exceptional item: Labour Code impact of 52.24 lakh recognised; non-recurring.
• EPS Basic/Diluted: 0.12 for the quarter.
• Period: quarter ended 30 June 2026; Ind AS compliant.

Notes and disclosures

• Independent auditor's review by Kantilal Patel & Co; date 12 August 2026.
• Notes confirm Ind AS compliance and Labour Codes exceptional item.
• Audit report states no material misstatement.

Meeting Details

• Date: 12 August 2026; time and venue not disclosed.

Key Agenda Items

• Consider and approve unaudited financial results for the quarter ended 30 June 2026.

Other Notes

• Trading window remains closed for designated persons until 48 hours after results declaration.

Dematerialisation processing status

• Securities received for dematerialisation during the quarter were confirmed to depositories (accepted/rejected).
• Securities comprised in the certificates have been listed on the stock exchanges where earlier issues are listed.
• Security certificates received for dematerialisation were mutilated and cancelled after due verification; depository name substituted within prescribed timelines.