Gala Global Products fined Rs 2,360 by BSE for delayed report

Gala Global Products has been fined Rs 2,360 by BSE Limited for failing to submit its secretarial compliance report on time. The penalty, which includes GST, was imposed for non-compliance with Regulation 24A(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding the submission period for the report covering the year ended March 2026.

The exchange communicated the fine via email dated June 22, 2026. The notification referenced a SEBI Master Circular issued on July 11, 2023, outlining the fines for such delays. Gala Global Products disclosed that the payment must be made within 15 days from the date of the notice.

In its filing, the company confirmed that the only quantifiable financial impact arising from this development is the fine amount payable to BSE. The disclosure was made in compliance with Regulation 30 of the SEBI Listing Regulations and a specific SEBI circular dated July 13, 2023.

Details of the Penalty

The following table outlines the key details of the regulatory communication and the penalty imposed:

Parameter	Details
Name of Authority	BSE Limited (BSE)
Penalty Amount	Rs. 2,360 (incl. of GST)
Due Date of Payment	Within 15 days from the date of the notice
Date of Receipt of Communication	June 22, 2026
Reason for Penalty	Non-compliance with submission of secretarial compliance report for the year ended March 2026

The company has declared that the information provided in the filing is true and correct to the best of its knowledge.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.94%	-1.20%	+2.48%	-15.82%	-45.72%	-94.82%

Gala Global Products Limited reported a net loss of ₹594.29 lakh for the financial year ended March 31, 2026, narrowing from a net loss of ₹710.14 lakh in the previous year. The company recorded total income from operations of ₹1955.03 lakh for FY26, up from ₹1836.38 lakh in FY25. For the quarter ended March 31, 2026, the company reported no income from operations and a net loss of ₹435.53 lakh.

The Board of Directors approved the audited standalone financial results for the quarter and year ended March 31, 2026, at its meeting held on March 31, 2026. The Audit Committee reviewed the results prior to the Board's approval. The financial results were filed with the stock exchanges under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Gala Global Products Limited reported that there are no discontinuing operations. The paid-up equity share capital remained constant at ₹2729.40 lakh for the period. Reserves, excluding revaluation reserve, were reported at ₹1074.03 lakh as per the audited balance sheet of the previous year.

The company's earnings per share (EPS) of ₹5 each for continuing operations (basic and diluted) was reported at a loss of ₹1.09 for FY26, compared to a loss of ₹1.30 in the previous year. For the quarter ended March 31, 2026, the EPS stood at a loss of ₹0.08.

The detailed financial results are available on the BSE website and the company's website. The newspaper advertisement pertaining to the audited financial results was published in the Financial Express (English and Gujarati Editions) on June 4, 2026.

Financial Results Summary

Particulars	For the Quarter ended 31.03.2026 (Audited)	For the Year ended 31.03.2026 (Audited)	For the Year ended 31.03.2025 (Audited)
Total Income from Operations	--	1955.03	1836.38
Net Profit / (Loss) for the period after tax	(435.53)	(594.29)	(710.14)
Paid Up Equity Share Capital	2729.40	2,729.40	2,729.40
Earnings Per Share (Basic & Diluted)	(0.08)	(1.09)	(1.30)