Gujarat Raffia Industries Ltd

AGM Details

• Date, time, and mode: 29 Sep 2026, 2:00 PM-3:50 PM, physical AGM.
• Venue: registered office; attendance via physical presence.
• Cut-off for e-voting: Sept 18, 2026.
• Remote e-voting window: Sep 24-28, 2026.
• E-voting available during AGM until conclusion.
• Chairman: Pradeep Kumar Bhutoria; meeting chaired by MD.

Resolutions

• Adoption of Audited Financial Statements for year ended 31 March 2026.
• Reappointment of Mrs Abhishek Pradeep Bhutoria (DIN: 07263523) on retirement by rotation.
• Appointment of MAPPS&Co as Statutory Auditor.

Voting Status

• Voting results awaited; Scrutinizer's report to determine outcome.

Director Changes

• Director Bhutoria to be reappointed after rotation.

Auditors

• MAPPS&Co appointed as Statutory Auditor; tenure unspecified.

Appointment of Statutory Auditor

• Board appointed MAPSS & CO as Statutory Auditors due to tenure completion of the previous auditor.
• Effective date of appointment: 07 September 2026, subject to ratification at the AGM on 29 September 2026.
• Term of appointment: five years.
• MAPSS & CO. is a Chartered Accountant firm.

Financial highlights

• Total revenue for 2025-26: 8900.18 Lakhs.
• PAT 104.68 Lakhs; prior year 52.24.
• EPS Basic/Diluted: 1.94.
• Dividend: not declared for the year.
• Operating cash flow: 489.71 Lakhs.
• Closing cash: 403.41 Lakhs.
• Inventories 389.02 Lakhs; trade receivables 144.71.
• Export earnings 979.92 Lakhs; forex outgo 527.90.

Dividend & capital return

• Paid-up equity capital: 540.45 Lakhs.
• Dividend for the year: not declared.
• No share buybacks or equity issuance reported.

Operations & strategy

• Single-segment business; no subsidiaries or associates.
• Plant capacity expansion targeted by year-end 2025-26.
• Domestic market growth in tarpaulin, fabrics, sacks.
• Exports focus on fertilizer/agriculture sectors.
• Management Discussion & Analysis presented separately.

Capital structure & liquidity

• Borrowings: current 65.53; non-current 120.56 Lakhs.
• Debt-to-equity ratio: 0.08x.
• Net cash from operations: 489.71 Lakhs.
• Closing cash balance: 403.41 Lakhs.

Governance & auditors

• Statutory auditors MAPPS & Co appointed to fill casual vacancy.
• Predecessor KPSJ & Associates LLP resigned on 14 Aug 2026.
• Internal auditor: Avinash Appasaheb Saluke.
• Board meetings held: 11 times in 2025-26.
• Secretarial audit: CS Himanshu Maheshwari.
• CSR not applicable.

Related party transactions

• Total related-party director remuneration: 61.82 Lakhs.
• Asian Gases Limited: 0.25 Lakhs expenses.
• Bengal Business LLP: 5.25 Lakhs expenses.
• Remuneration to directors disclosed; MD 22.22; WTD 11.40; Anuj 6.00; Abhishek 10.80; Sushma 11.40.
• Balance payable to related parties: 3.85 Lakhs.

Audit observations & risk notes

• Emphasis: EEFC FX exposure not recognized; ~40.36 Lakhs.
• MSME record not maintained; MSME-1 not filed.
• Internal audit reports not provided to the auditors.
• Escrow Demat account opening initiated; compliance ongoing.
• No significant regulator orders impacting going concern.

AGM Details

• Date, time, and mode: 29 September 2026, 2:00 PM, physical at registered office.
• Venue: Plot No. 455, Santej-Vadsar Road, Kalol, Gandhinagar.
• Record date for voting: 18 September 2026.
• Register of Members and Share Transfer Book will not close.

E-Voting Details

• Remote e-voting window: 24 September 2026, 10:00 AM to 28 September 2026, 5:00 PM.
• Voting cutoff date: 18 September 2026.
• Mode: e-voting plus physical meeting with joining facilities.

Directors and Annexures

• Directors proposed for appointment or retirement/re-appointment will be announced in the annexed Notice.

Financial results and approvals

• Board approved unaudited quarterly financial results for quarter ended 30 June 2026 with Limited Review Report.
• Independent Auditor's Review Report by KPS Associates LLP reports no material misstatement and unmodified opinion.
• Trading Window remains closed from 01 July 2026 until 48 hours after results declaration.
• Segment reporting for quarter ended 30 June 2026 prepared as per Ind AS 108.
• Audit Committee reviewed the results; Board approved the same.
• Previous periods regrouped and rearranged where necessary.
• Board meeting held on 13 August 2026.

Meeting Details

• Date scheduled: 13 August 2026; time and venue not disclosed.

Key Agenda Items

• Consider standalone audited financial results for quarter ended 30 June 2026.
• Any other matter as may be decided by the Board.

Other Notes

• Trading window closed from 1 July 2026 until 48 hours after results are declared.