Golden Crest Education & Services Ltd has scheduled a meeting of its Board of Directors on July 3, 2026, to appoint new directors and approve the resignations of Mrs. Bela Garg and Mr. Bhola Pandit. The meeting will be held at 12:00 Noon at the company's Registered Office. The agenda includes the appointment of scrutinizers for the e-voting process of the 43rd Annual General Meeting (AGM) and the approval of the Board Report, Corporate Governance Report, and Management Discussion Analysis Report for the financial year ended March 31, 2026.

The Board will also fix the day, date, time, and venue for the 43rd AGM and determine the book closure and cut-off dates for the same. Mrs. Bela Garg, a Non-Executive Independent Director, and Mr. Bhola Pandit, a Non-Executive Director, are resigning effective July 3, 2026. Their departures result in the cessation of their memberships on the Audit Committee, Stakeholders Relationship Committee, Nomination & Remuneration Committee, and Risk Management Committee.

Mrs. Garg resigned due to other professional commitments, while Mr. Pandit cited personal and unavoidable circumstances. Both directors confirmed there are no material reasons for their resignation beyond those stated. The company informed the stock exchanges of the meeting and resignations pursuant to Regulation 29 and Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Board is currently in the process of selecting new Directors and will inform the stock exchanges once the appointments are finalized. The company confirmed that necessary filings with the Registrar of Companies will be completed in due course.

Golden Crest Education & Services Limited has announced its standalone audited financial results for the fourth quarter and fiscal year ended March 31, 2026. The company reported a net profit of ₹12.10 lakh for the quarter, compared to ₹2.08 lakh in the corresponding period of the previous year. For the full fiscal year, the net profit stood at ₹17.51 lakh, an increase from ₹16.32 lakh in FY25.

Financial Performance

The company's revenue from operations for the year ended March 31, 2026, was ₹42.31 lakh, up from ₹33.05 lakh in the previous year. Total income from operations, which includes other income, rose to ₹48.03 lakh from ₹40.89 lakh in FY25. Other income for the year decreased to ₹5.72 lakh from ₹7.84 lakh in the prior year.

Total expenses for the year increased to ₹24.17 lakh from ₹18.70 lakh, driven by higher employee benefits expenses and other operational costs. The profit before tax for the year was ₹23.86 lakh, compared to ₹22.19 lakh in the previous year.

Quarterly Results

For the quarter ended March 31, 2026, income from operations was ₹16.00 lakh, a significant increase from ₹5.85 lakh in the same quarter of the previous year. Total income for the quarter stood at ₹17.44 lakh. The company managed its expenses effectively, keeping total expenses at ₹5.34 lakh for the quarter, resulting in a profit before tax of ₹12.10 lakh.

Balance Sheet and Cash Flow

As of March 31, 2026, the company's total assets stood at ₹1,102.45 lakh, compared to ₹1,082.57 lakh in the previous year. Total equity increased to ₹1,098.86 lakh from ₹1,081.35 lakh. The company reported no outstanding borrowings or defaults on loans and debt securities as of the reporting date.

The cash flow statement for the year showed a net decrease in cash and cash equivalents of ₹0.37 lakh. Cash generated from operations was ₹1.21 lakh, while net cash used in operating activities was ₹5.48 lakh after tax payments. Investing activities generated a net cash flow of ₹5.11 lakh.

Corporate Governance

The board of directors, in its meeting held on May 25, 2026, approved the audited financial results. The statutory auditors, M/s. Mohindra Arora & Co., issued an audit report with an unmodified opinion. Additionally, the board appointed M/s. Jain N K & Co. as the internal auditor for the fiscal year 2026-2027 pursuant to Section 138 of the Companies Act, 2013.