Gourmet Gateway India Limited has announced the preponement of its board meeting, which was originally scheduled for Saturday, May 30, 2026. The meeting has been rescheduled to Friday, May 29, 2026, due to unavoidable circumstances. The primary agenda for the meeting, designated as serial number 01/BM/2026-27, remains the consideration of the audited financial results for the quarter and financial year ended March 31, 2026.

The board will review both standalone and consolidated financial results, along with the audit report, in compliance with Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. The meeting is scheduled to take place at the company's corporate office located in Gurugram, Haryana.

Key Meeting Details

In conjunction with the upcoming results, the company has informed the stock exchanges that the trading window for dealing in the securities of Gourmet Gateway India Limited will remain closed. This restriction applies to officers, designated employees, and connected persons in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015.

The trading window will stay shut until 48 hours after the declaration of the audited financial results for the quarter and year ended March 31, 2026. This measure is intended to ensure compliance with regulatory norms regarding insider trading during the period of unpublished price-sensitive information.

Gourmet Gateway India Limited (formerly known as Intellivate Capital Ventures Limited) has released its financial results for the quarter ended September 30, 2025, showing a turnaround to profit amid an ongoing investigation by the Directorate of Enforcement (ED).

Financial Performance

The company reported a consolidated revenue of ₹1,951.78 crore for Q2 FY2026, marking an increase from ₹1,832.73 crore in the previous quarter. More notably, Gourmet Gateway posted a consolidated profit of ₹53.88 crore for the quarter, a significant improvement from a loss of ₹66.45 crore in the prior quarter.

Despite the quarterly profit, the company recorded a consolidated loss of ₹12.56 crore for the six-month period ended September 30, 2025.

Business Operations

Gourmet Gateway India operates in the food and beverages segment and has 12 subsidiary companies, including Barista Coffee Company Limited. The company's business activities fall within a single segment, as per Ind AS 108- Segment Reporting.

Corporate Actions

During the quarter, Gourmet Gateway converted 316,667 equity warrants into shares, receiving ₹62.22 crore. This conversion is part of a larger warrant issue from the previous year, where the company had issued 45,44,410 convertible equity warrants at a premium of ₹25.20 per share, amounting to ₹119.64 crore.

Additionally, in the quarter ended June 30, 2025, the board approved the conversion of 26,65,242 Compulsory Convertible Preference Shares. The company also allotted 53,30,484 bonus shares in the ratio of 2:1 to the allottees upon conversion.

Ongoing ED Investigation

The company continues to face scrutiny from the Directorate of Enforcement. A Provisional Attachment Order dated September 5, 2024, was passed by the Deputy Director, Directorate of Enforcement, Gurugram, under the Prevention of Money Laundering Act, 2022. This order provisionally attached shares and other securities held directly or indirectly by the Promoters/Promoter Group of the company.

The management of Gourmet Gateway and its subsidiaries states that they are cooperating with ED officials and providing necessary information. As of the date of the financial results, no show cause notice or demand has been served to the company or its subsidiaries arising from the search operations.

The company's management maintains that they are confident of no contravention under the PMLA and have not identified any adjustments or impacts on the financial results due to this matter. However, as the proceedings are ongoing, the situation remains under close watch.

Looking Ahead

Despite the challenges posed by the ED investigation, Gourmet Gateway's management expresses confidence in meeting its financial obligations. They base this on expected future cash flows from the warrants issued and cash inflows from operations.

As the company navigates through these complex times, investors and market watchers will be keenly observing how Gourmet Gateway balances its operational growth with the ongoing regulatory scrutiny.