Golden Carpets Ltd has filed its annual report for FY26 ahead of its 32nd Annual General Meeting (AGM) scheduled for September 23, 2026. The filing includes the adoption of audited financial statements revealing a net loss of ₹16.39 lakh on revenue from operations of ₹95.49 lakh.

The company issued the intimation on September 1, 2026, pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Register of Members and Share Transfer Books will remain closed from Thursday, September 17, 2026, to Wednesday, September 23, 2026.

Key AGM Resolutions

The meeting will transact ordinary business related to the financial year 2025-26, alongside special resolutions concerning board composition:

• Adoption of Financials: Shareholders will consider the audited financial statements for FY26, including reports from the Board of Directors and Statutory Auditors (M/s. Sathuluri & Co.).
• Re-appointment of Director: Mr. Rohan Bhushan Kerur retires by rotation and seeks re-appointment as a Non-Executive & Non-Independent Director.
• Change in Designation: The Board proposes changing Mrs. Meena Bhushan Kerur’s designation from Non-Executive Director to Managing Director for a five-year term effective August 20, 2026. She has voluntarily waived her entitlement to remuneration.

Financial Performance FY26

Revenue from operations grew to ₹95.49 lakh in FY26 compared to ₹78.98 lakh in FY25. However, total expenses rose sharply to ₹106.98 lakh (excluding depreciation), driven primarily by a significant increase in other expenses to ₹58.32 lakh from ₹28.48 lakh in the prior year. This surge was largely attributed to commission and brokerage costs of ₹25.45 lakh, which were nil in FY25.

What the Numbers Show

While top-line growth reflects increased sales activity, the widening loss highlights margin pressure. Other expenses now constitute approximately 61% of total operating expenses, up from roughly 36% in FY25. This structural shift indicates that higher revenue did not translate to operational leverage, as variable costs like commissions scaled disproportionately with sales volume.

Meeting Details

The 32nd AGM will be held at the Hotel Marriott on Tank Bund Road in Hyderabad at 9:00 am. Remote e-voting is available from September 19 to September 22, 2026, with a record date of September 16, 2026.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE595D01015/a6bc03cb-1457-47c6-a9b3-7e7d4de3c696.pdf

Golden Carpets Ltd has appointed Mrs. Meena Bhushan Kerur as Managing Director for a period of five years, effective August 20, 2026. The board of directors approved the change in designation during its meeting held on the same date, subject to shareholder approval at the ensuing general meeting. This appointment follows the recommendation of the Nomination and Remuneration Committee. The filing under Regulation 30 of the SEBI Listing Regulations confirms that Mrs. Kerur is not liable to retire by rotation.

Simultaneously, Mr. Srikrishna Naik’s designation was changed from Managing Director to Director (Non-Executive & Non-Independent). He remains liable to retire by rotation. These changes reflect a shift in executive leadership within the company’s promoter family. Mr. Naik is not debarred from holding the office of Director by virtue of any SEBI Order or any other such Authority.

Leadership Changes

The appointment of Mrs. Kerur, who brings 18 years of experience in business management, administration, and marketing, marks a significant transition in the company’s top management. She is the sister of Mr. Srikrishna Naik and the mother of Mr. Rohan Bhushan Kerur, another non-executive director.

Mr. Naik, a graduate with extensive experience in business management, administration, and marketing, will continue to serve on the board but without executive responsibilities. The board noted that neither director is debarred from holding office by any SEBI order or other authority.

Committee Reconstitution

The board reconstituted three key committees to align with the new leadership structure:

• Audit Committee: Mr. Rohan Bhushan Kerur was inducted as a member in place of Mrs. Meena Bhushan Kerur. Mr. Maqsood Ahmed continues as Chairperson, with Mr. Suryanarayana Murthy Krovi as a member.
• Nomination & Remuneration Committee: Similarly, Mr. Rohan Bhushan Kerur replaced Mrs. Meena Bhushan Kerur as a member. Mr. Maqsood Ahmed remains Chairperson, and Mr. Suryanarayana Murthy Krovi serves as a member.
• Stakeholders Relationship Committee: Mr. Rohan Bhushan Kerur was appointed as Chairperson, replacing Mrs. Meena Bhushan Kerur. Mrs. Kerur now serves as a Member of this committee, alongside Mr. Suryanarayana Murthy Krovi.

AGM Details

The board approved convening the 32nd Annual General Meeting (AGM) on Wednesday, September 23, 2026. The notice, directors’ report, and management discussion and analysis report will be circulated to members in due course and made available on the company’s website.

Mrs. Rashida Hatim Adenwala, a practicing company secretary and founder partner at R & A Associates, Hyderabad, was appointed as the scrutinizer for the voting process at the AGM to ensure fairness and transparency.