Gorani Industries Ltd appointed M/s. Manish Jain & Co. as its secretarial auditor for the financial year 2026-27. The company’s Board of Directors approved the appointment during a meeting held on August 13, 2026, acting on the recommendation of the Audit Committee.

The appointment is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule III thereof. The firm holds Peer Review Number 6700/2025.

Appointment Details

M/s. Manish Jain & Co., established by Mr. Manish Jain, a fellow member of the Institute of Company Secretaries of India (ICSI), brings over 30 years of legal and professional expertise. The firm specializes in Corporate Law, the Insolvency and Bankruptcy Code (IBC), and corporate restructuring.

The company disclosed that there are no relationships between directors and the appointed firm requiring disclosure under the relevant regulations.

Gorani Industries Limited reported a net loss of ₹22.67 lakh for the quarter ended June 30, 2026, marking a significant deterioration from the ₹3.95 lakh profit posted in the fourth quarter of FY26. The company’s revenue from operations fell sharply to ₹517.04 lakh, down from ₹780.93 lakh in the previous quarter and ₹1,165.15 lakh in the same period last year.

The Board of Directors approved the standalone unaudited financial results on August 13, 2026. The results were reviewed by Sandeep Surendra Jain & Co., the statutory auditors, under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

Revenue from operations contracted significantly, reflecting lower operational activity compared to both the preceding quarter and the corresponding period in the prior fiscal year. Other income also dropped to ₹1.47 lakh from ₹42.97 lakh in Q4FY26, contributing to a total income of ₹518.51 lakh for the quarter.

Total expenses for the quarter were ₹549.20 lakh, exceeding total income by approximately ₹30.69 lakh before tax adjustments. Key expense components included:

• Cost of materials consumed: ₹469.24 lakh
• Employee benefits expense: ₹100.81 lakh
• Finance costs: ₹17.77 lakh

What the Numbers Show

The divergence between revenue decline and expense structure highlights margin pressure. While revenue fell 56% year-on-year, employee benefits expenses decreased only 9% to ₹100.81 lakh, indicating fixed cost rigidity. Additionally, finance costs reduced to ₹17.77 lakh from ₹27.90 lakh in Q1FY26, suggesting some reduction in interest burden, but this was insufficient to offset the drop in operating income. The deferred tax benefit of ₹8.02 lakh partially mitigated the pre-tax loss of ₹30.69 lakh, resulting in the final net loss of ₹22.67 lakh.