Ganga Bath Fittings FY26 net profit falls to ₹127.51 lakh

1 min read     Updated on 29 May 2026, 12:02 PM
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Jubin VScanX News Team
AI Summary

Ganga Bath Fittings Limited reported a 64% decline in net profit to ₹127.51 lakh for FY26, despite revenue rising to ₹3,498.81 lakh. The Board approved the audited results and appointed new internal and secretarial auditors for FY27.

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Ganga Bath Fittings Limited reported a net profit of ₹127.51 lakh for the financial year ended March 31, 2026, a decrease from ₹357.76 lakh in the previous year. Revenue from operations rose to ₹3,498.81 lakh compared to ₹3,192.86 lakh in FY25. The company’s Board approved the audited financial results for the half-year and full year ended March 31, 2026, at a meeting held on May 28, 2026.

The statutory auditor, Santoki Delvadia & Associates, issued an unmodified opinion on the standalone financial results. The report confirms that the statements provide a true and fair view of the company's financial position in conformity with accounting standards prescribed under the Companies Act, 2013. The auditor determined there were no reportable key audit matters for the period.

Financial Performance

The company’s total income for FY26 stood at ₹3,525.69 lakh, up from ₹3,195.17 lakh in the previous year. Total expenditure for the year increased to ₹3,332.52 lakh from ₹2,718.84 lakh in FY25. Profit before tax for the full year was ₹193.17 lakh, significantly lower than the ₹476.33 lakh recorded in the prior year.

Key Financial Metrics (in lakhs)

Particulars FY26 (Audited) FY25 (Audited)
Revenue from operations 3,498.81 3,192.86
Total Income 3,525.69 3,195.17
Total Expenditure 3,332.52 2,718.84
Profit Before Tax 193.17 476.33
Net Profit 127.51 357.76
Basic EPS 0.57 2.30

Auditor and Board Appointments

Alongside the financial results, the Board appointed M/s. J O M S & Associates as Internal Auditors and M/s. Vivek J. Vakharia & Associates as Secretarial Auditors for the financial year 2026–27. Both appointments are effective immediately and comply with the provisions of Section 138 and Section 204 of the Companies Act, 2013, respectively. The disclosures regarding these appointments were made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company’s assets expanded significantly during the year, with total assets reaching ₹7,877.17 lakh as of March 31, 2026, compared to ₹4,680.93 lakh in the previous year. This growth was driven primarily by increases in inventories and property, plant, and equipment.

Historical Stock Returns for Ganga Bath Fittings

1 Day5 Days1 Month6 Months1 Year5 Years
-2.20%-5.13%-6.92%-3.48%-60.39%-60.39%

What specific factors caused the sharp rise in total expenditure despite only modest revenue growth?

How will the significant expansion in assets, particularly inventories and property, impact the company's cash flow and working capital management in FY27?

What strategic initiatives does the company plan to implement to reverse the decline in net profit and improve margins?

Ganga Bath Fittings Limited Declares E-Voting Results for Postal Ballot on Statutory Auditor Appointment

1 min read     Updated on 25 Apr 2026, 08:49 AM
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Ganga Bath Fittings Limited has declared the results of its postal ballot e-voting process for appointing Mrs. Santoki Delvadia & Associates as statutory auditors. The voting conducted from March 24 to April 22, 2026 received unanimous approval with 15,679,148 votes in favor and zero votes against from 24 participating shareholders. The process was scrutinized by CS Vivek J Vakharia and conducted in compliance with SEBI regulations and Companies Act provisions.

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Ganga Bath Fittings Limited has successfully concluded its postal ballot e-voting process and declared the results for the appointment of statutory auditors. The company conducted the voting process in compliance with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Voting Process Details

The e-voting process was conducted through the National Securities Depository Limited (NSDL) platform. The voting period commenced on Tuesday, March 24, 2026 at 09:00 A.M. (IST) and concluded on Wednesday, April 22, 2026 at 05:00 P.M. (IST). The postal ballot notice was dispatched on March 23, 2026 to shareholders whose names appeared on the register as of the cut-off date of March 20, 2026.

Resolution and Voting Results

The sole resolution on the postal ballot was the appointment of Mrs. Santoki Delvadia & Associates, Chartered Accountants as statutory auditors. The voting results demonstrated unanimous support from participating shareholders:

Category Members Voting Votes Cast Percentage of Total Votes
Promoter and Promoter Group 6 15,359,148 97.96%
Public 18 320,000 2.04%
Total Votes in Favor 24 15,679,148 100.00%
Votes Against 0 0 0.00%

Shareholder Participation

Out of the total 1,136 shareholders on record as of the cut-off date, 24 shareholders participated in the e-voting process. The company held a total of 22,207,848 shares, with 15,679,148 votes cast during the postal ballot, representing participation from both promoter and public categories.

Scrutinizer Report

CS Vivek J Vakharia, Proprietor of M/s. Vivek J Vakharia & Associates, served as the appointed scrutinizer for the e-voting process. The scrutinizer confirmed that the voting was conducted in accordance with Section 110 of the Companies Act, 2013 and Rule 22 of the Companies (Management and Administration) Rules, 2014. The results were unblocked and downloaded from the NSDL website on April 22, 2026 at 05:30 PM in the presence of independent witnesses.

Company Information

Ganga Bath Fittings Limited is registered in Gujarat with its office located at Survey No.121, B/h. Shantidham Residency, Near Vraj Industrial Estate, Opp. Khodiyar Agri Floor Mill, Veraval (Shapar)-360 024, Dist: Rajkot, Gujarat. The company is led by Managing Director Jimmy Tusharkumar Tilva (DIN: 08950646), who signed the declaration of voting results submitted to the stock exchange.

Historical Stock Returns for Ganga Bath Fittings

1 Day5 Days1 Month6 Months1 Year5 Years
-2.20%-5.13%-6.92%-3.48%-60.39%-60.39%

What factors led to the change in statutory auditors, and how might this transition impact the company's financial reporting practices?

How could the low shareholder participation rate of 2.1% affect future corporate governance decisions at Ganga Bath Fittings?

What strategic initiatives might the new auditors recommend to strengthen Ganga Bath Fittings' financial controls and compliance framework?

1 Year Returns:-60.39%