Gujarat Containers board to meet on July 16 to consider auditor appointments

Gujarat Containers Limited has scheduled an adjourned board meeting for July 16, 2026, to deliberate on key auditor appointments and approve its annual report for the financial year ended March 31, 2026. The meeting will be held at 11:00 A.M. at the company's Corporate Office in Vadodara or via Video Conferencing. The agenda includes filling a casual vacancy in the secretarial audit role and appointing tax auditors for the upcoming assessment year.

Pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015, the board will consider the resignation of Mr. Jayesh Vyas of M/s. Jayesh Vyas & Associates as the Secretarial Auditor due to personal reasons. To fill this vacancy, the directors will consider recommending the appointment of M/s Janki & Associates, Practicing Company Secretaries, to the shareholders.

The board will also evaluate a proposal to appoint M/s. Shah & Bhandari, Chartered Accountants, as Tax Auditors for the assessment year 2026-27 and fix their fees. This appointment is based on the recommendations made by the company's Audit Committee.

Financial and Governance Approvals

In addition to auditor appointments, the board is set to approve the Board's Report for the Financial Year ended March 31, 2026. The directors will also consider the rescheduling of the company's 34th Annual General Meeting (AGM).

Another critical item on the agenda is the approval of a change in the record date for determining shareholder entitlement to dividends for the Financial Year 2025-26. The meeting follows an original board meeting held on May 2, 2026.

Agenda Item	Details
Secretarial Auditor Resignation	Mr. Jayesh Vyas of M/s. Jayesh Vyas & Associates
Proposed Secretarial Auditor	M/s Janki & Associates
Proposed Tax Auditor	M/s. Shah & Bhandari
Tax Audit Period	Assessment Year 2026-27
Financial Year for Report	Year ended March 31, 2026
AGM to be Rescheduled	34th Annual General Meeting

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	+9.99%	-4.86%	+1.24%	-6.18%	+438.54%

Gujarat Containers Limited submitted newspaper cuttings of its audited financial results for the quarter and year ended March 31, 2026, to BSE Ltd. on May 4, 2026, pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The advertisements were published in Western Times (English) and Western Times (Gujarati) editions on May 4, 2026. The results had been audited and recommended by the Audit Committee and subsequently approved by the Board of Directors at a meeting held on May 2, 2026.

Financial Performance

For FY26, the company reported revenue from operations of ₹14,596.29 lakh, compared to ₹15,194.50 lakh in the previous year. Total income for the year stood at ₹14,606.81 lakh against ₹15,200.66 lakh in FY25. Total expenses for FY26 amounted to ₹13,618.67 lakh, while profit for the year was ₹737.17 lakh, down from ₹827.06 lakh in the prior year. Basic and diluted earnings per share for FY26 were ₹13.05, compared to ₹14.64 in FY25.

The following table summarises the annual and quarterly financial performance:

Metric:	Q4 FY26 (Audited)	Q3 FY26 (Unaudited)	Q4 FY25 (Audited)	FY26 (Audited)	FY25 (Audited)
Revenue from Operations (₹ Lakh)	3,689.90	3,702.36	3,641.74	14,596.29	15,194.50
Other Income (₹ Lakh)	5.36	1.02	1.57	10.52	6.16
Total Income (₹ Lakh)	3,695.27	3,703.38	3,643.31	14,606.81	15,200.66
Total Expenses (₹ Lakh)	3,380.12	3,435.28	3,418.36	13,618.67	14,080.64
Profit Before Tax (₹ Lakh)	315.14	268.10	224.95	988.14	1,120.02
Profit for the Period (₹ Lakh)	233.78	201.16	165.65	737.17	827.06
Total Comprehensive Income (₹ Lakh)	232.68	201.18	170.98	736.13	827.14
EPS – Basic & Diluted (₹)	4.14	3.56	2.93	13.05	14.64

Key Expense Breakdown

The detailed expense structure for FY26 reflects the company's cost profile across its packing material business, which constitutes the sole reportable segment.

Expense Head:	FY26 (₹ Lakh)	FY25 (₹ Lakh)
Cost of Raw Materials Consumed	10,882.27	11,278.93
Changes in Inventories	35.25	13.95
Employee Benefits Expense	1,102.66	1,077.24
Finance Costs	113.45	182.05
Depreciation & Amortisation	195.73	187.84
Other Expenses	1,289.31	1,340.63
Total Expenses	13,618.67	14,080.64

Dividend and AGM Announcement

The Board of Directors has recommended a dividend of ₹1.50 per equity share (15%) for FY26, unchanged from the previous year's dividend of ₹1.50 per equity share, subject to shareholder approval at the ensuing Annual General Meeting. If approved, the dividend will be paid by September 12, 2026. The company has scheduled its 34th Annual General Meeting for August 14, 2026, through video conferencing and other audio-visual means. The Register of Members and Share Transfer Books will remain closed from August 7, 2026, to August 14, 2026 (both days inclusive) for the purpose of the AGM and determining dividend entitlement.

Auditor and Board Appointments

M/s. CNK & Associates LLP, Chartered Accountants, provided an unmodified opinion on the audited standalone financial results. The Board also approved the reappointment of M/s. K.R. & Associates as Internal Auditors and M/s. Y. S. Thakar & CO. as Cost Auditor for the year 2026-27. The appointment of a firm of Practicing Company Secretaries for secretarial audit will be decided in an adjourned Board Meeting.

The company noted that the Government of India's implementation of four new Labour Codes effective November 21, 2025, consolidating and rationalising 29 existing labour laws, resulted in an additional charge of ₹8.06 lakh for the financial year ended March 31, 2026. The paid-up equity capital of the company stands at ₹565.00 lakh (face value ₹10 each), with other equity at ₹5,201.22 lakh as of March 31, 2026.

Source: None/Company/INE276I01011/900c3adf-119c-4270-b39c-3954b31b62bb.pdf