Ganon Products Limited reported a net profit of ₹52.38 lakh for the financial year ended March 31, 2026, a significant increase from ₹4.35 lakh in the previous year. Total revenue for FY26 stood at ₹712.33 lakh, compared to ₹1,894.37 lakh in FY25. For the fourth quarter ended March 31, 2026, the company recorded a profit of ₹18.84 lakh, reversing from ₹0.25 lakh in the corresponding period of the previous year, with total revenue surging to ₹418.57 lakh from ₹11.08 lakh in Q4FY25.

The Board of Directors approved the audited standalone financial results for the fourth quarter and year ended March 31, 2026, at a meeting held on May 30, 2026. The statutory auditors, Vijay Darji and Associates Chartered Accountants, issued an audit report with an unmodified opinion on the financial results. The financial statements were prepared in accordance with the Indian Accounting Standards (Ind-AS).

Financial Performance

The company's operational performance improved significantly during the quarter. Income from operations rose to ₹405.50 lakh in Q4FY26, up from nil in the prior year. Total expenses for the quarter were ₹392.34 lakh, compared to ₹10.83 lakh in the same period last year. The basic earnings per share (EPS) for Q4FY26 stood at ₹0.20, compared to ₹0.00 in Q4FY25.

Auditor's Emphasis of Matter

The auditor's report included several emphasis of matter paragraphs. As of March 31, 2026, trade receivables of ₹79.47 lakh were outstanding for more than six months, though management represented these as fully recoverable. The company also delayed or defaulted in payment of Tax Deducted at Source (TDS) aggregating approximately ₹11.52 lakh during FY 2024-25, with duties and taxes payable standing at ₹9.28 lakh.

The auditors noted a significant increase in unsecured loans, which rose to ₹1,200.81 lakh in FY26 from ₹166.38 lakh in the previous year. Additionally, the company made an advance for land amounting to ₹120.00 lakh and received advances for the supply of material amounting to ₹1,481.66 lakh, recognized as a current liability against long-term contracts.

Ganon Products Limited has announced that its board of directors will meet on Saturday, May 30, 2026. The primary agenda for the meeting is to consider and approve the audited standalone financial results of the company for the fourth quarter and financial year ended March 31, 2026.

Agenda for the Meeting

The board will deliberate on the audited financial results along with the auditor's report thereon. This approval is in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting will also consider any other business with the permission of the chair.

Trading Window Closure

In compliance with the company's code of internal procedures and conduct for regulating trading by designated persons, the trading window for dealing in the securities of the company is currently closed. The window will reopen 48 hours after the declaration of the audited financial results for the quarter and year ended March 31, 2026.