Goldstar Power disclosed on April 7, 2026, that its promoters have not created any encumbrance on shares, directly or indirectly, during the financial year ended March 31, 2026. The declaration, submitted by Director & Promoter Mr. Amrutlal Mohanbhai Pansara on behalf of all promoters, confirms compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulatory filing ensures transparency regarding the pledging or hypothecation of promoter holdings, which is critical for shareholder monitoring.

The disclosure was addressed to the National Stock Exchange of India Ltd. and pertains to the status of shares held by the promoter group. The confirmation explicitly states that no new encumbrances have been made other than those previously disclosed. This provides assurance to investors regarding the stability of the promoter's ownership structure during FY26.

The filing lists the individuals covered under the declaration, categorizing them as either Promoters or Promoter Group members. The table below details the names and categories of the stakeholders included in this regulatory disclosure.

The submission follows the standard procedural requirements for listed companies to update stock exchanges regarding the status of promoter shareholdings. By confirming the absence of encumbrances, goldstar power adheres to the governance norms mandated by the market regulator.

Goldstar Power reported a consolidated net profit of ₹1,500.07 lakh for the year ended March 31, 2026, a substantial increase from ₹228.00 lakh in the prior year. Revenue from operations surged to ₹83,812.38 lakh, compared to ₹4,838.13 lakh in FY25, primarily due to the inclusion of subsidiary Red Fire Shipping and Logistics LLC. The board approved the audited standalone and consolidated financial results at its meeting held on May 28, 2026.

On a standalone basis, the company recorded a net profit of ₹100.77 lakh for FY26, a decline from ₹228.00 lakh in the previous year. Standalone revenue from operations decreased to ₹3,710.27 lakh from ₹4,838.13 lakh in FY25. The statutory auditors, D G M S & Co., expressed an unmodified opinion on the standalone and consolidated financial results.

Financial Performance

The consolidated results reflect the financial impact of the company's subsidiary, which contributed significantly to the top line. For the quarter ended March 31, 2026, the consolidated net profit stood at ₹318.09 lakh, with revenue from operations at ₹43,193.16 lakh. In contrast, the standalone net profit for the same quarter was ₹70.19 lakh on revenue of ₹412.44 lakh.

Key Financial Metrics (Consolidated)

Key Financial Metrics (Standalone)

Segment Reporting

The company operates through two reportable business segments: Manufacturing and Trading Goods. For the standalone financial results, the Manufacturing segment generated revenue of ₹2,225.00 lakh, while the Trading Goods segment contributed ₹1,485.27 lakh for the year ended March 31, 2026. Geographically, sales revenue within India stood at ₹2,491.16 lakh, while sales outside India amounted to ₹1,219.11 lakh for the standalone entity.

Related Party Transactions

The filing disclosed several related party transactions during the reporting period. Notable transactions include investments in Retro EV LLP and sales to Goldstar Battery (Uganda) Ltd. Additionally, loans were advanced to and received from key management personnel, including Managing Director Navneet Pansara and Directors Dhruti Pansara and Amrutlal Pansara. The company stated there were no outstanding defaults on loans or debt securities as of the reporting date.