Gangotri Textiles Limited has released its standalone audited financial results for the quarter and financial year ended March 31, 2026, filed with stock exchanges under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board of Directors convened a meeting on May 15, 2026, via Video Conferencing (Zoom), to consider and approve the audited financial results for the quarter and financial year ended March 31, 2026. The results were reviewed and approved by the Audit Committee and subsequently taken on record by the Board. The statutory audit was conducted by M/s M. Gangadaran & Co., Chartered Accountants (Firm Registration No. 0881S), who issued an unmodified audit opinion on the standalone financial results. A separate intimation was also filed under Regulation 30 (Schedule III Part A) of SEBI LODR confirming the board meeting outcome.

Financial Performance Overview

The company recorded no revenue from operations for both the quarter ended March 31, 2026, and the full financial year, reflecting its continued non-operational status following the sale of all its assets by lenders during 2015-16. The financial results are presented in Rs lakhs. The following table summarises the key financial metrics:

The company's total expenses for FY26 stood at Rs 6.71 lakhs, comprising depreciation of Rs 0.03 lakhs and other expenses of Rs 6.68 lakhs, compared to total expenses of Rs 7.16 lakhs in FY25. The loss from discontinued operations for FY26 was Rs 6.71 lakhs, marginally lower than the Rs 7.16 lakhs recorded in the previous year. The company noted that since all its assets were taken over and sold by lenders, interest has not been provided after September 2015.

Earnings Per Share

The earnings per share figures reflect the company's continued loss position across all categories:

Balance Sheet Highlights

The company's total assets as at March 31, 2026, stood at Rs 15,20,32,464, compared to Rs 15,19,34,519 as at March 31, 2025. Key balance sheet items are detailed below:

The equity share capital remains unchanged at Rs 106,72,73,170, while the accumulated deficit in reserves and surplus widened to Rs (343,56,48,428) from Rs (343,49,77,191) in the prior year. Outstanding borrowings as at March 31, 2026, stood at Rs 240.47 crores.

Shareholding Pattern and Investor Complaints

The public shareholding remained stable at 2,46,31,177 shares, representing 75.52% of total share capital, across all reported periods. Of the promoter and promoter group's shareholding, 59,87,593 shares (75.00% of promoter holding, representing 18.36% of total share capital) remain pledged or encumbered, while 19,95,864 shares (25.00% of promoter holding, representing 6.12% of total share capital) are non-encumbered. There were no investor complaints pending at the beginning of the quarter, none received during the quarter, and none remaining unresolved at the end of the quarter ended March 31, 2026.

Regulatory Compliance, Audit Observations and Board Decisions

The Board of Directors declared, pursuant to Regulation 33(3)(d) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, that the statutory auditors have issued an audit report with an unmodified opinion on the standalone audited financial results for the quarter and year ended March 31, 2026. The company confirmed that no related party transactions were undertaken during the half-year ended March 31, 2026. The company also confirmed that it does not qualify as a Large Corporate under the SEBI Circular dated November 26, 2018, as it has not been in operation following the sale of its entire assets by lenders during 2015-16.

Notably, the Board of Directors discussed and recorded the Show Cause Notice received from NSE & BSE, along with the reply sent by the company to both exchanges in response. The company operates within a single business segment, namely Textiles. Key outcomes from the Board Meeting are summarised below:

No dividend has been recommended for FY26. The 37th Annual General Meeting has been scheduled for Friday, August 21, 2026, via Video Conferencing, with book closure from August 15, 2026 to August 21, 2026. The company has arranged an e-voting facility for members to cast their votes on all resolutions detailed in the Notice to Shareholders convening the 37th Annual General Meeting.

Gangotri Textiles Limited has announced a board meeting to review and approve its audited financial results for the financial year ended March 31, 2026. The company has formally notified the Bombay Stock Exchange regarding this important corporate governance event.

Meeting Details

The board meeting has been scheduled with specific arrangements to ensure proper corporate governance procedures are followed.

Regulatory Compliance

The company has issued this notice in compliance with regulatory requirements, specifically under Regulation 29. The formal communication was sent to the Bombay Stock Exchange on April 8, 2026, ensuring adequate notice period for stakeholders and market participants.

The primary agenda item for the board meeting will be the consideration and approval of the company's audited financial results for FY26. This represents a crucial milestone in the company's annual reporting cycle, providing stakeholders with comprehensive insights into the company's financial performance during the concluded financial year.

Corporate Governance Framework

By conducting the meeting through video conferencing, Gangotri Textiles Limited demonstrates its commitment to modern corporate governance practices while ensuring all board members can participate effectively in the decision-making process. The scheduled approval of audited financial results will enable the company to fulfill its disclosure obligations to shareholders and regulatory authorities in a timely manner.