Gokul Agro Resources has received a Show Cause Notice from the Office of the Principal Commissioner of Customs, Custom House, Mundra port, alleging the company availed unlawful Duty Drawback and RoDTEP Scrips. The notice claims violations of Section 65 read with Section 58 of the Customs Act, 1962. The company stated that based on preliminary assessment and legal advice, it does not foresee any financial liability arising from this matter.

The Customs Department has alleged that Gokul Agro Resources availed unlawful Duty Drawback and RoDTEP Scrips for exported goods. The alleged amounts are ₹14,52,55,203 for Duty Drawback and ₹38,46,88,080 for RoDTEP Scrips. The period under scrutiny starts from May 11, 2021, to December 19, 2025. The company noted that the penalty amount has not been quantified yet, and no restrictions or sanctions have been imposed.

Details of the Allegation

The communication was received on June 11, 2026. The authority has identified aberrations regarding the availing of these scrips. The company is currently in the process of submitting appropriate responses in consultation with its legal advisors. It believes it has adequate grounds to substantiate its position and intends to file a response within the prescribed timelines.

The company confirmed that while exact financial implications cannot be determined until the proceedings conclude, it maintains that the claims are not valid. The filing was made to BSE Limited and National Stock Exchange of India Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Gokul Agro Resources Limited has announced its audited financial results for the quarter and year ended March 31, 2026. The Board of Directors approved the standalone and consolidated financial results at their meeting held on May 15, 2026, reporting all-time highest growth across key parameters. The company achieved a consolidated net profit of INR 370.07 crore for FY26, a significant increase from INR 245.66 crore in the previous year. In compliance with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the audited standalone and consolidated financial results were published in Free Press (English) and Lokmitra (Gujarati), Ahmedabad Edition on May 16, 2026, and are also available on the company's website at www.gokulagro.com .

Consolidated Financial Performance

The company delivered robust consolidated results for the financial year, with revenue from operations growing 23% to INR 24,077 crore from INR 19,551 crore in FY25. Consolidated EBITDA increased by 27% to INR 716 crore, with margins improving to 2.97% from 2.88%. The following table summarizes the key consolidated financial metrics:

Total sales volume increased to 19,20,089 MT during FY26 from 16,99,821 MT in FY25, registering a year-on-year growth of 13%. This growth was driven by market expansion across domestic and international geographies, including new markets in the southwestern region through the Mangalore refinery.

Standalone Financial Performance

On a standalone basis, Gokul Agro Resources also reported strong performance for the financial year and quarter. The following table presents the key standalone financial metrics (Rs. in Lakhs):

Operational Highlights

The company's Profit Before Tax (PBT) and PBT margins saw year-on-year growth of 49% and 21% respectively in FY26. This improvement was attributed to cost control measures, robust raw material procurement, rationalizing debt, lowered finance costs, and prudent risk management practices for commodity hedging. EBITDA margins improved due to better operational efficiencies and an optimized working capital cycle.

Mr. Kanubhai Thakkar, Chairman & Managing Director, expressed satisfaction with the exponential growth, noting that the record-high EPS was driven by strong sales volumes in the Indian market and successful expansion of the export footprint. He emphasized that growth is supported by a robust in-house supply chain, procurement capabilities, and a diversified product basket.

Board Decisions

The Board approved a capital expenditure of Rs. 430 crore for capacity expansion at its existing manufacturing units across all plants. This investment aims to enhance capacity by 2,600 MT per day, an increase of 46%, to be completed within 12 to 18 months. Additionally, the Board approved a Solar Power Project for Rs. 12.50 crore for captive use at the Krishnapatnam plant in Andhra Pradesh.

The Board appointed Mr. Rajesh Chhaganbhai Tarpara and Dr. Pritha Dev as Non-Executive Independent Directors for a period of five years effective from May 15, 2026, subject to shareholder approval. The company will conduct a postal ballot to seek shareholder approval for these appointments.