GHCL Textiles Limited announced that its Board of Directors approved the audited financial results for FY26 during their 29th Board Meeting held on April 30, 2026. The company demonstrated strong operational performance with significant growth across key financial metrics, while the board also made several important corporate governance decisions including dividend proposal and auditor appointments.

Board Meeting Outcomes and Corporate Decisions

The Board meeting, which commenced at 11:30 AM and concluded at 02:15 PM on April 30, 2026, approved multiple significant resolutions. The board approved audited financial results for FY26 along with an unmodified audit report from S.R. Batliboi & Co. LLP. Additionally, they recommended a dividend of ₹0.60 per equity share and approved substantial capital budget allocations for FY27.

FY26 Financial Performance Highlights

GHCL Textiles reported impressive growth across all major financial parameters for FY26. Total revenue reached ₹1,334.80 crores compared to ₹1,168.12 crores in FY25, representing a 14.27% year-on-year increase. Net profit for FY26 stood at ₹70.37 crores, up 25.75% from ₹55.97 crores in the previous year, while earnings per share improved to ₹7.36 from ₹5.86.

Q4 FY26 Strong Quarter Performance

The fourth quarter demonstrated exceptional momentum with revenue from operations of ₹363.69 crores, compared to ₹283.61 crores in Q4 FY25, marking a 28.25% year-on-year growth. Net profit for Q4 FY26 reached ₹27.66 crores versus ₹14.20 crores in the corresponding quarter, representing a 94.79% increase. The quarter's earnings per share stood at ₹2.89 compared to ₹1.49 in Q4 FY25.

Strategic Appointments and Corporate Governance

The board recommended the appointment of Deloitte Haskins & Sells Chartered Accountants LLP as statutory auditors for five consecutive years from FY27 to FY31, subject to shareholder approval. The firm, registered with ICAI and part of the Deloitte network, will replace the current auditors. Additionally, SPMB & Co. LLP was reappointed as internal auditors, while R J GOEL & CO. was reappointed as cost auditors for FY27.

Balance Sheet Strength and Financial Position

The company's balance sheet reflects strong financial health with total assets of ₹1,870.43 crores as of March 31, 2026, compared to ₹1,702.84 crores in the previous year. Total equity increased to ₹1,502.49 crores from ₹1,437.38 crores, while current assets grew substantially to ₹634.48 crores from ₹465.19 crores, primarily driven by higher inventory levels of ₹421.12 crores and increased trade receivables of ₹170.59 crores.

Annual General Meeting and Dividend Distribution

The 6th Annual General Meeting is scheduled for Saturday, June 27, 2026, to be conducted through Video Conferencing. Subject to shareholder approval, the proposed dividend of ₹0.60 per equity share will be paid on or after June 27, 2026. The company maintained full regulatory compliance with no outstanding defaults on loans and debt securities, with total financial indebtedness of ₹158.97 crores as of March 31, 2026.

GHCL Textiles Limited announced significant auditor appointments following its 29th board meeting held on April 30, 2026. The board has recommended key appointments across statutory, internal, and cost audit functions to ensure regulatory compliance and strengthen governance frameworks pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Statutory Auditor Recommendation

The board has recommended Deloitte Haskins & Sells Chartered Accountants LLP as the company's statutory auditor for a five-year term spanning FY 2026-27 to FY 2030-31. This appointment is subject to shareholder approval at the ensuing 6th Annual General Meeting.

Deloitte Haskins & Sells was originally constituted in 1997 and converted to a Limited Liability Partnership effective June 2, 2021. The firm is registered with the Institute of Chartered Accountants of India and operates as part of the Deloitte Haskins & Sells & Affiliates network. The regulatory disclosure confirms no relationships exist between the appointed auditors and the company's directors, ensuring independence in audit functions.

Internal Auditor Re-appointment

SPMB & Co. LLP, Chartered Accountants, Chennai, has been re-appointed as the company's internal auditor for FY 2026-27 to comply with Companies Act, 2013 requirements.

Established in 2024, SPMB & Co LLP focuses on operational excellence and leverages technology for innovative business solutions. The firm is led by internal audit experts with over 25 years of collective partner experience. Their services include risk advisory, indirect taxation consultation, accounts book-keeping, and transaction advisory services.

Cost Auditor Re-appointment

R J Goel & Co., Cost Accountants, New Delhi, has been re-appointed as cost auditor for FY 2026-27, ensuring continued compliance with statutory requirements.

The firm was established in 1978 by Late Sh. R. J. Goel, Former President of ICMAI. Currently led by five partners including Mr. Hari Krishan Goel, Mr. Naresh Kumar Goel, Mr. Raman Lal Agrawal, Mr. Subhash Chandra Agrawal, and Mr. P. K. Amar, the firm brings extensive experience across diverse industries including automobile, chemicals, pharmaceuticals, textiles, and telecommunications.

Regulatory Compliance and Meeting Details

All appointments have been made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and other applicable provisions. The board meeting commenced at 11:30 AM on April 30, 2026, with Company Secretary & Compliance Officer Lalit Narayan Dwivedi overseeing the regulatory disclosures.

The company has confirmed that the disclosure information is available on the websites of BSE Limited, National Stock Exchange of India Limited, and the company's official website. All recommended appointments ensure continued regulatory compliance while maintaining independence in audit functions across statutory, internal, and cost audit requirements.