Ghushine Fintrrade Ocean schedules board meeting on Aug 31 to approve annual report

Ghushine Fintrrade Ocean has scheduled a Board of Directors meeting for Monday, August 31, 2026. The session will focus on approving the annual report for the financial year ended March 31, 2026.

The company notified the Bombay Stock Exchange on August 24, 2026, in compliance with Regulation 29(1)(a) of the SEBI (LODR) Regulations, 2015. The meeting aims to finalize key corporate governance milestones for the fiscal year.

Agenda Items

The primary business to be transacted includes:

Approving the Board Report for FY26
Fixing the day, date, time, and venue for the Annual General Meeting (AGM)
Approving the notice convening the AGM
Addressing any other business with the permission of the Chair

The company is registered in Surat and is represented by Bhagirath Radhakrishna Vaishnav, Company Secretary & Compliance Officer.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	0.0%	0.0%	+1.70%	+93.87%	+93.87%

Ghushine Fintrrade Ocean Limited's Board of Directors met on May 19, 2026, at its registered office in Surat to approve the audited standalone financial results for the financial year ended March 31, 2026. The board also approved the Secretarial Audit Report for the same period and appointed BHAGAT ASSOCIATES, Prop. Jitendra R. Bhagat, as the scrutinizer for voting at the Annual General Meeting. The meeting commenced at 3:00 PM and concluded at 3:30 PM.

Profit and Loss Performance

The company reported improved profitability for the financial year ended March 31, 2026. Net profit for the period rose to ₹1.44 lakhs, compared to ₹0.34 lakhs in the prior year. Revenue from operations for the year stood at ₹563.96 lakhs, up from ₹451.81 lakhs in FY25. Total income increased to ₹588.62 lakhs from ₹474.53 lakhs in the previous year. The company operates in a single reportable segment, Textile Trading, as per Ind AS 108. Basic and diluted earnings per share (not annualised) for the year were reported at 0.00291.

The following table presents the standalone profit and loss highlights (Rs in Lakhs):

Particulars	FY26 (Audited)	FY25 (Audited)
Revenue from Operations	563.96	451.81
Other Income	24.65	22.72
Total Income	588.62	474.53
Purchase of Stock in Trade	553.36	428.09
Employee Benefits Expense	20.96	22.62
Depreciation & Amortisation	0.88	1.56
Other Expenses	10.79	8.29
Total Expenses	586.45	474.29
Profit Before Tax	2.17	0.24
Net Profit for the Period	1.44	0.34

Balance Sheet Highlights

The company's total assets expanded notably to ₹741.41 lakhs as on March 31, 2026, from ₹541.87 lakhs in the previous year. This growth was driven by a significant increase in current assets, which surged to ₹383.66 lakhs from ₹208.12 lakhs. Trade receivables (current) rose sharply to ₹349.22 lakhs from ₹175.51 lakhs. Non-current assets stood at ₹357.76 lakhs, compared to ₹333.75 lakhs in the prior year.

Equity share capital remained unchanged at ₹494.49 lakhs with a face value of Rs. 10/- per share. Total equity increased to ₹509.69 lakhs from ₹508.25 lakhs. Non-current borrowings rose to ₹64.98 lakhs from ₹32.08 lakhs, while current trade payables increased significantly to ₹165.12 lakhs from ₹1.16 lakhs.

Cash Flow Summary

The standalone cash flow statement for the year ended March 31, 2026, shows a net increase in cash and cash equivalents of ₹3.25 lakhs. Cash and cash equivalents at the end of the period improved to ₹5.59 lakhs from ₹2.34 lakhs at the beginning of the period. Net cash used in operating activities was ₹54.35 lakhs, while investing activities generated ₹24.70 lakhs, primarily from interest income. Financing activities contributed ₹32.90 lakhs, reflecting an increase in term loans.