Global Vectra Helicorp shareholders adopted the audited financial statements for FY26 during the company's 28th Annual General Meeting held on September 29, 2026.

The meeting, conducted via video conferencing, also saw the re-appointment of Lt. Gen. Sarab Jot Singh Saighal (Retd.) as Chairman for a one-year term effective October 1, 2026. The proceedings were chaired by Saighal himself, with Mr. Raakesh Soni serving as Company Secretary.

Key resolutions passed

Shareholders approved several critical governance and leadership changes through ordinary and special resolutions:

• Adoption of Financials: The audited Statement of Profit and Loss for the year ended March 31, 2026, along with the Balance Sheet and Director's/Auditor's reports, were received and adopted.
• Chairman Re-appointment: Lt. Gen. Sarab Jot Singh Saighal (Retd.) was re-appointed as Chairman for one year (October 1, 2026 to September 30, 2027). This appointment is subject to approval from the Ministry of Home Affairs through the Ministry of Civil Aviation.
• CEO Appointment: Mr. Michael Lewis Edwin Barber was appointed as Chief Executive Officer for a period of one year from August 11, 2026 to August 10, 2027. His remuneration terms include provisions for minimum remuneration in case of loss or inadequacy of profits.
• Director Appointment: Mr. Hemang Rishi was appointed as a Non-Executive Non Independent Director, effective from his initial appointment as Additional Director on August 11, 2026. His office is liable to retire by rotation.

Voting and compliance details

Remote e-voting facilities were available to shareholders from September 25, 2026 to September 28, 2026. Mr. Martinho Ferrao, Practicing Company Secretary, served as the Scrutinizer to ensure fair voting processes. The combined results of remote e-voting and e-voting conducted during the AGM were declared within two days of the meeting.

All resolutions set out in the Notice of the AGM were passed with the requisite majority, as confirmed in the Scrutinizer's report received on September 29, 2026.

Global Vectra Helicorp Ltd reported a net loss of ₹1,184.81 lakh for the quarter ended June 30, 2026, widening from a loss of ₹942.54 lakh in the same period last year.

The helicopter services provider posted revenue from operations of ₹13,071.35 lakh, a modest 1.1% increase year-on-year. While operational income grew, the bottom line was pressured by higher finance costs and depreciation expenses, alongside a significant drop in other income compared to the prior quarter.

Financial Performance

Revenue from operations rose slightly to ₹13,071.35 lakh in Q4FY26, up from ₹12,934.80 lakh in Q4FY25. However, total expenses increased to ₹15,421.17 lakh from ₹14,416.28 lakh a year earlier, driven by a rise in finance costs and depreciation.

Finance costs climbed to ₹1,034.61 lakh from ₹715.86 lakh in the corresponding quarter of FY25. Depreciation and amortisation expense also surged to ₹2,472.04 lakh, up from ₹1,699.23 lakh. Employee benefits expense declined marginally to ₹3,131.26 lakh.

What the Numbers Show

A notable divergence exists between other income trends in consecutive quarters. Other income fell sharply to ₹613.38 lakh in Q4FY26 from an elevated ₹3,775.12 lakh in Q3FY26. This drop follows a one-time write-back of balances payable to related parties amounting to ₹3,396.44 lakh in the previous quarter, which had temporarily boosted non-operational income. Excluding this non-recurring item, the underlying other income remains relatively stable, highlighting that the core operational challenges persist despite the headline revenue growth.

Board Appointments and Governance

The Board of Directors, meeting on August 11, 2026, approved several key administrative changes:

• CEO Appointment: Mr. Michael Lewis Edwin Barber was appointed as Chief Executive Officer for a one-year term starting August 11, 2026, subject to shareholder approval.
• Chairman Re-appointment: Lt. Gen. Sarab Jot Singh Saighal (Retd.) was re-appointed as Chairman for a one-year term commencing October 1, 2026.
• New Director: Mr. Hemang Rishi was appointed as an Additional Director and Non-Executive Director with effect from August 11, 2026.

The company also scheduled its 28th Annual General Meeting for September 29, 2026. Additionally, the company issued a clarification regarding its financial results filing, noting that the digital signature of the Chairman was inadvertently omitted from the initially uploaded PDF document due to a technical error during compilation.