Groarc Industries India Ltd has re-appointed Mr. Tirukkurungudi Seshadri Srinivasan as a Non-Executive Independent Director for a period of 5 years, effective from August 26, 2026, to August 25, 2031. The decision was taken during a board meeting held on June 20, 2026, at the company's registered office. The re-appointment is subject to shareholder approval via a Special Resolution at the ensuing Annual General Meeting (AGM), as the director is attaining 75 years of age in October 2026.

The board approved the re-appointment based on the recommendation of the Nomination and Remuneration Committee. The committee cited Mr. Srinivasan's significant contribution to corporate governance, his guidance in strategic decision-making, and his deep understanding of the company's business and regulatory environment. He holds qualifications including FCA, ACS, and ACMA with over 45 years of experience in finance and company law matters.

Meeting Outcomes

The board appointed M/s. Rathi & Shah, Chartered Accountants, as the Internal Auditor for the financial year 2026-27, effective June 20, 2026. The firm, based in Chennai, was selected to comply with the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Additionally, the board approved the notice convening the 34th AGM, scheduled for July 18, 2026, via Video Conferencing. The Register of Members and Share Transfer Books will remain closed from July 12, 2026, to July 18, 2026, with July 11, 2026, fixed as the record date. E-voting facilities will be provided through the CDSL platform, and Mr. Ramesh Chandra Mishra was appointed as the scrutinizer.

Groarc Industries India Limited reported a standalone net profit of ₹53.04 lakh for the quarter ended March 31, 2026, compared to ₹82.01 lakh in the preceding quarter ended December 31, 2025. Total income from operations for the quarter increased to ₹250.52 lakh from ₹91.62 lakh in the previous quarter. For the financial year ended March 31, 2026, the company recorded a net profit of ₹34.47 crore on a total income of ₹2,684.72 crore, compared to a net profit of ₹87.04 crore on a total income of ₹3,539.95 crore in the previous year.

Financial Performance

The company's net profit before tax for the quarter stood at ₹65.18 lakh, while for the full year, it was ₹46.21 crore. Earnings per share (EPS) for the quarter ended March 31, 2026, was reported at ₹0.08 on a basic and diluted basis. For the financial year ended March 31, 2026, the EPS was ₹0.17.

Board Approval and Compliance

The audited standalone financial results were reviewed and recommended by the Audit Committee and approved by the Board of Directors at their meeting held on May 29, 2026. The results have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS) prescribed under section 133 of the Companies Act, 2013. The statement was filed with the Stock Exchanges under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Financial Metrics