Gabion technologies India Limited has announced receiving multiple work/supply orders worth INR 2,45,61,554.75 during the fortnight period from March 01, 2026 to March 14, 2026. The company made this disclosure to the Bombay Stock Exchange on March 16, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Order Summary and Financial Details

The consolidated order value represents routine business transactions received from various domestic private clients. All orders are inclusive of applicable GST and involve no related party transactions or promoter group interest.

Product Portfolio and Client Distribution

The orders encompass the company's core product range including gabion boxes, gabion mattresses, and geotextile products. The largest single order came from M/s. R.K. Traders worth INR 49,21,983.00 for geosynthetic products and supervision services, followed by Rockeira Engineering Private Limited with an order valued at INR 46,58,640.00 for gabion boxes.

Major Orders Breakdown

Execution Timeline and Delivery Schedule

The execution periods vary based on contract terms, with some orders requiring delivery within 10 days while others follow standard Letter of Award (LOA) timelines. One specific order from Kaluwala Construction Private Limited has a defined deadline of March 31, 2026. The delivery schedules demonstrate the company's ability to handle varied client requirements and maintain flexible execution timelines.

Regulatory Compliance and Business Impact

The disclosure was made pursuant to SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026. The company emphasized that these orders are routine in nature and received in the normal course of business operations. Management clarified that the orders do not result in any change to the business model, risk profile, or operational strategy.

Company Position and Market Presence

Gabion Technologies India Limited, listed on the BSE SME Exchange, continues to demonstrate consistent order flow from diverse domestic clients across different sectors. The order mix includes individual contractors, private limited companies, and cooperative societies, indicating broad market acceptance of the company's products. The disclosure reinforces the company's commitment to transparency and regulatory compliance while maintaining steady business operations in the geosynthetic and gabion products segment.

Gabion Technologies India Limited has formally approved the resignation of its statutory auditor following a remuneration disagreement, with the Board of Directors meeting on March 13, 2026, to address this significant corporate governance development.

Board Meeting Outcome

The Board of Directors convened on March 13, 2026, at the company's registered office to formally consider and approve the resignation of M/s SVJ & Company (Firm Registration No. 020356C), Chartered Accountants, as the company's statutory auditors. The meeting commenced at 06:00 p.m. and concluded at 09:00 p.m.

Auditor Resignation Details

SVJ & Company submitted their resignation letter on January 30, 2026, citing disagreement over auditor's remuneration as the primary reason for their departure. The auditing firm confirmed they had completed the audit for FY 2024-25 and all necessary certifications and audits related to the company's IPO, providing all required reports.

Management Response and Timeline

The company initially received email communication from the statutory auditors regarding their resignation decision. The Managing Director responded within approximately 20 minutes, requesting the auditors not to proceed with resignation and indicating that outstanding dues would be settled. Following internal management discussions, the company decided to release a substantial portion of the outstanding amount and communicated its willingness to settle dues.

Regulatory Compliance and Disclosure

The disclosure has been made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided detailed annexures including the resignation letter and information required under SEBI Circular CIR/CFD/CMD1/114/2019.

The company explained the delay in disclosure by stating it was under a bona fide belief that ongoing discussions would lead to resolution and withdrawal of the resignation. However, the company became aware that the auditors had filed Form ADT-3 with the Registrar of Companies only upon receiving a copy of the filing receipt.

Auditor's Final Position

In their resignation letter, SVJ & Company confirmed there were no other material reasons for resignation beyond the remuneration disagreement. The firm requested clearance of all outstanding amounts within seven days to provide a No Objection Certificate (NOC) to the upcoming auditors. The auditors confirmed completion of all audit work for FY 2024-25 and IPO-related certifications before their departure.