Grand Oak Canyons Distillery Limited announced the resignation of Sarvagya Goel from her role as Company Secretary and Compliance Officer, effective October 17, 2026. The departure was attributed to personal reasons, with no material adverse factors cited in the filing.

The disclosure was made to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Goel’s resignation letter confirmed that there were no other material reasons for her cessation beyond those stated. The company has not yet announced a replacement for the vacant position.

Key details of the resignation

The following table summarizes the critical information regarding the change in management as disclosed in the regulatory filing:

Regulatory compliance and next steps

The company submitted a copy of the resignation letter along with the statutory disclosure form. Prabhakar Kumar, Managing Director of Grand Oak Canyons Distillery, signed off on the communication on behalf of the Board of Directors. The filing confirms that the resignation complies with the provisions of the Companies Act, 2013, and necessary formalities will be completed accordingly.

Grand Oak Canyons Distillery Limited reported a standalone net loss of ₹2.88 lakh for the quarter ended September 30, 2026 (Q2FY27), compared to a loss of ₹1.75 lakh in the previous quarter.

The company, formerly known as Pacheli Industrial Finance Limited, saw a significant spike in revenue from operations, which rose to ₹24,478.00 lakh in Q2FY27 from ₹7.65 lakh in Q1FY27 and ₹7.13 lakh in the corresponding quarter last year. Despite the revenue jump, total expenses climbed to ₹24,480.88 lakh, driven primarily by a purchase of stock-in-trade worth ₹40,100.00 lakh, offset by a reduction in inventory changes.

Financial Performance Overview

The following table summarizes the key standalone financial metrics for the quarter:

For the half-year ended September 30, 2026 (H1FY27), the company recorded a net loss of ₹4.63 lakh, compared to a loss of ₹0.55 lakh in the corresponding period of the previous fiscal year. Total income for H1FY27 stood at ₹24,485.65 lakh.

Balance Sheet Shifts

The balance sheet reflects substantial restructuring during the period. Equity share capital increased significantly to ₹2,58,588.36 lakh as on September 30, 2026, up from ₹51,888.36 lakh in March 2026. Concurrently, non-current borrowings decreased sharply to ₹12,635.82 lakh from ₹2,65,000.00 lakh in the previous fiscal year-end.

Current assets saw a dramatic rise, with trade receivables jumping to ₹2,56,272.92 lakh from a negligible amount in March 2026. Inventories also increased to ₹19,969.81 lakh from ₹4,347.81 lakh. Cash and cash equivalents declined slightly to ₹2.28 lakh from ₹5.46 lakh.

Consolidated Results

On a consolidated basis, the company posted a profit of ₹516.85 lakh for Q2FY27, driven by share in associates' profits of ₹519.74 lakh. This contrasts with the standalone loss. The consolidated profit for H1FY27 was ₹14.12 lakh, down from ₹2,016.57 lakh in H1FY26.

What the Numbers Show

A stark divergence exists between standalone and consolidated performance. While the standalone entity incurred a loss of ₹2.88 lakh due to high operational costs relative to revenue, the consolidated entity reported a profit of ₹516.85 lakh. This profitability was entirely attributable to the share in associates' profits (₹519.74 lakh), masking the operational losses at the parent level. Additionally, the massive increase in trade receivables (from near zero to ₹2.56 crore) alongside a surge in purchases suggests a potential change in business model or related-party transactions that require scrutiny regarding collection cycles.

Regulatory Disclosures

The Board also approved a statement under Regulation 32 of SEBI (LODR) Regulations, 2015, confirming no deviation in the utilization of funds. The company noted that the allotment process for 206,70,00,000 unlisted non-convertible preference shares amounting to ₹2,067,00,00,000 is yet to be completed, with Form PAS-3 not yet filed with the Registrar of Companies. The financial results were reviewed by the Audit Committee and approved by the Board of Directors on October 10, 2026.