Gagan Gases Ltd shareholders approved the audited financial statements for FY26 and re-appointed key directors during the company's 40th Annual General Meeting held on September 26, 2026. The meeting, chaired by Managing Director Gagan Maheshwary, concluded with the adoption of the profit and loss account and balance sheet as of March 31, 2026.

The board’s report and auditor’s opinion on the financial results were formally adopted by members. This approval marks the completion of the statutory requirements for the fiscal year ended March 31, 2026.

Director re-appointments approved

Shareholders voted to re-appoint K.R. Maheshwary (DIN 00786402) as a Director liable to retire by rotation. Additionally, Dinesh Kumar Randhar (DIN 08646283) was re-appointed as an Independent Director for a three-year term commencing September 26, 2026, and ending September 26, 2029. Mr. Randhar is not liable to retire by rotation.

Voting and procedural details

The company provided remote e-voting facilities to eligible shareholders holding shares as of the cut-off date of September 18, 2026. Voting was open from September 23, 2026, at 10:00 am to September 25, 2026, at 5:00 pm via the Central Depository Services Limited (CDSL) platform. CS Heena Agrawal served as the Scrutiniser to ensure a fair and transparent voting process in accordance with Companies (Management & Administration) Rules, 2014, and SEBI circulars.

The consolidated report on votes cast will be submitted by the Scrutiniser within 48 hours of the meeting's conclusion and disseminated to stock exchanges and the company website.

Gagan Gases Ltd reported a 5.99% increase in revenue from operations to ₹602.62 lakh for the financial year ended 31 March 2026, compared to ₹568.52 lakh in the previous year. Despite the revenue growth, the company's net profit for the year declined by 47.57% to ₹13.97 lakh from ₹26.65 lakh in FY25. The Board of Directors approved the audited financial results for the quarter and year ended 31 March 2026 during a meeting held on 30 May 2026.

For the quarter ended 31 March 2026, revenue from operations rose to ₹181.11 lakh from ₹105.28 lakh in the corresponding period of the previous year. Net profit for the quarter stood at ₹13.35 lakh, compared to ₹11.21 lakh in Q4 FY25. The company's sole operating segment is LPG. The statutory auditors, M/S Dilip K Neema & Associates Chartered Accountants, issued an audit report with an unmodified opinion on the standalone financial results.

Financial Performance

The total income for FY26 increased to ₹608.77 lakh from ₹579.57 lakh in the previous year. Total expenses for the year rose to ₹590.29 lakh from ₹544.80 lakh. The basic and diluted earnings per share (EPS) for FY26 stood at ₹0.31, down from ₹0.59 in the previous year.

Key Financial Metrics (₹ in lacs)

Balance Sheet and Cash Flows

The company's total assets as of 31 March 2026 stood at ₹405.87 lakh, compared to ₹390.06 lakh in the previous year. Total equity increased to ₹345.13 lakh from ₹331.16 lakh. Cash and cash equivalents decreased to ₹39.97 lakh as of 31 March 2026 from ₹50.24 lakh a year earlier.

The net cash generated from operating activities for FY26 was negative at ₹13.26 lakh, compared to a positive inflow of ₹26.10 lakh in the previous year. Net cash from investing activities was positive at ₹5.99 lakh, while financing activities resulted in a net outflow of ₹2.99 lakh.