G G Engineering CFO resigns effective June 05, 2026

1 min read     Updated on 05 Jun 2026, 05:41 PM
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AI Summary

G G Engineering Limited announced the resignation of Mr. Virender Sharma as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) effective June 05, 2026. The resignation was accepted by the company and submitted to BSE under Regulation 30 of the SEBI Listing Regulations. Mr. Sharma stated he is leaving to pursue new professional opportunities and confirmed no other material reasons for his departure.

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G G Engineering Limited has accepted the resignation of Mr. Virender Sharma from the position of Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective June 05, 2026. The executive stepped down to pursue new professional opportunities, marking a change in the company's financial leadership structure.

The company informed BSE Limited regarding the development pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was also made in accordance with the SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026.

Details of the Resignation

The following table outlines the key particulars of the managerial change as disclosed by the company:

S.No. Particulars Details
1. Name Mr. Virender Sharma
2. Reason for change Resignation as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the Company to pursue new professional opportunities
3. Date of cessation June 05, 2026
4. Brief Profile Not Applicable
5. Disclosure of relationships between directors Not Applicable

In his resignation letter addressed to the Board of Directors, Mr. Sharma cited unavoidable reasons for his departure, effective from the close of business hours on June 05, 2026. He confirmed that there were no other material reasons for his resignation beyond those stated and expressed his gratitude to the Board and the management team for their support during his tenure.

Historical Stock Returns for G G Engineering

1 Day5 Days1 Month6 Months1 Year5 Years
0.0%-2.00%-3.92%-12.50%-16.95%-93.71%

Who will be appointed as the interim CFO, and what is the timeline for selecting a permanent successor?

How will this leadership change impact G G Engineering's financial strategy and upcoming quarterly earnings?

Will the resignation trigger any revisions to the company’s financial guidance or operational targets for FY2027?

GG Engineering reports net loss of ₹45.54 lakh in FY26

1 min read     Updated on 28 May 2026, 12:12 AM
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AI Summary

G G Engineering Limited reported a net loss of ₹45.54 lakh for FY26 against a net profit of ₹768.20 lakh in FY25, with revenue from operations falling to ₹16,590.05 lakh. The board approved the audited results on May 27, 2026, and appointed M/s G Mansi and Associates as internal auditor. While statutory auditors M/s A K Bhargav & Co. issued an unmodified opinion, they emphasized uncertainty regarding the fair valuation of ₹7.50 Cr investments in Nakshatra Special Situation Fund. The company also announced a proposed merger with Integra Essentia Ltd., pending NCLT approval.

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G G Engineering Limited reported a net loss of ₹45.54 lakh for the financial year ended March 31, 2026, compared to a net profit of ₹768.20 lakh in the previous year. The company's board approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 27, 2026. Revenue from operations for the year stood at ₹16,590.05 lakh, a decrease from ₹17,803.22 lakh in FY25. The statutory auditors, M/s A K Bhargav & Co., issued an unmodified opinion on the financial results, though they highlighted an emphasis of matter regarding the fair valuation of investments in Nakshatra Special Situation Fund amounting to ₹7.50 Cr.

Financial Performance

The company recorded a total income of ₹17,071.76 lakh for FY26, down from ₹18,255.30 lakh in the previous year. Total expenses increased to ₹16,985.22 lakh from ₹17,101.41 lakh. For the quarter ended March 31, 2026, the company reported a net loss of ₹626.39 lakh, compared to a net profit of ₹404.40 lakh in the preceding quarter ended December 31, 2025. The board also approved the appointment of M/s G Mansi and Associates, Chartered Accountants, as the internal auditor for the financial year 2026-27.

Particulars Year Ended March 31, 2026 (₹ in Lakhs) Year Ended March 31, 2025 (₹ in Lakhs)
Revenue from Operations 16,590.05 17,803.22
Total Income 17,071.76 18,255.30
Total Expenses 16,985.22 17,101.41
Net Profit/(Loss) (45.54) 768.20

Auditor's Report and Key Disclosures

The independent auditor's report drew attention to the company's holding of units in Nakshatra Special Situation Fund. The auditors stated they were unable to determine whether adjustments were necessary to the carrying amount of the investment due to insufficient audit evidence regarding its fair valuation. Additionally, the board disclosed that a proposed scheme of merger with Integra Essentia Ltd. has been approved by the board and shareholders, subject to requisite approvals from the National Company Law Tribunal (NCLT) and other regulatory authorities. The trading window for dealing in the company's securities remains closed until 48 hours after the declaration of the audited financial results.

Historical Stock Returns for G G Engineering

1 Day5 Days1 Month6 Months1 Year5 Years
0.0%-2.00%-3.92%-12.50%-16.95%-93.71%

What is the expected timeline for obtaining NCLT and regulatory approvals for the proposed merger with Integra Essentia Ltd.?

How does the company plan to address the auditor's concerns regarding the fair valuation of the Nakshatra Special Situation Fund investment?

What strategic measures will be implemented to reverse the decline in revenue and control rising expenses in the upcoming fiscal year?

More News on G G Engineering

1 Year Returns:-16.95%