Gaekwar Mills reported a net loss of ₹945 lakh for the financial year ended March 31, 2026, compared to a net loss of ₹442 lakh in the previous year. The company recorded zero revenue from operations for the year, while other income stood at ₹58 lakh. The Board of Directors approved the audited financial results for the fourth quarter and financial year ended March 31, 2026, at a meeting held on May 28, 2026.

The loss for the quarter ended March 31, 2026, widened to ₹968 lakh from ₹112 lakh in the corresponding period of the previous year. Total expenses for the quarter surged to ₹993 lakh, primarily driven by a premium on debenture redemption written off amounting to ₹988 lakh. The board also approved the re-appointment of M/s. VKMG & Associates, LLP Company Secretaries as Secretarial Auditors for the financial year 2026-2027.

Financial Performance

The company's financial statements for FY26 reflect significant one-time costs. The premium on debenture redemption written off for the full year was ₹988 lakh. Consequently, the loss per share for FY26 was reported at ₹47.26, compared to ₹22.12 in the previous year.

Debt and Asset Position

The company has extended the redemption date for its Secured Non-Convertible Debentures. The Series A debentures of ₹30 crore, along with a redemption premium of ₹37.20 crore, have been extended to March 31, 2028, with an additional premium of ₹26.88 crore. The Series B debentures of ₹5 crore, with a redemption premium of ₹2.00 crore, have also been extended to March 31, 2028, incurring an additional premium of ₹2.80 crore.

As of March 31, 2026, the company's total assets stood at ₹2,552 lakh, a significant increase from ₹522 lakh in the previous year, largely due to an increase in other non-current assets. Total equity was negative at ₹(8,406) lakh, widening from the previous year's negative equity of ₹(7,460) lakh. M/s. M D Pandya & Associates, Chartered Accountants, issued an unmodified opinion on the standalone audited financial results.

Gaekwar Mills Limited has announced its unaudited financial results for the third quarter of FY26 and nine months ended December 31, 2025, demonstrating improved operational performance across key metrics.

Quarterly Financial Performance

The company reported a profit of ₹9.03 lakh for Q3FY26, representing an improvement from ₹7.67 lakh recorded in Q2FY26. This marks a significant recovery from the loss of ₹110.00 lakh reported in Q3FY25.

Nine-Month Financial Summary

For the nine-month period ended December 31, 2025, Gaekwar Mills achieved a profit of ₹22.22 lakh, marking a substantial turnaround from the loss of ₹330.50 lakh in the corresponding period of the previous year.

Revenue and Expense Analysis

The company's revenue remained stable with total revenue of ₹10.87 lakh in Q3FY26, consistent with the previous quarter. The primary revenue source continues to be other income, as the company reported no revenue from operations during the quarter.

Total expenses decreased significantly to ₹1.84 lakh in Q3FY26 from ₹3.20 lakh in Q2FY26. The expense structure primarily comprised:

• Employee benefits expense: ₹0.75 lakh
• Other expenses: ₹1.09 lakh

Corporate Governance and Compliance

The financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on February 14, 2026. The results have been prepared in accordance with Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013.

The company's paid-up equity share capital remains unchanged at ₹200.00 lakh, with shares of face value ₹10 each. The company reported no investor complaints during the period under review.

Debenture Status Update

Regarding the company's secured non-convertible debentures worth ₹35 crore that had a redemption date of March 31, 2025, negotiations with debenture holders for extension are ongoing but not yet finalized. No premium on debenture redemption has been written off for the current reporting periods pending these negotiations.