Gujarat Craft FY26 profit falls 64%, declares Re 0.50 dividend

Gujarat Craft Industries Limited has announced its audited standalone financial results for the financial year ended March 31, 2026. The Board of Directors, in their meeting held on May 21, 2026, approved the results and recommended a final dividend.

Financial Performance

For the financial year 2025-26, the company reported a net profit of ₹96.98 lakh, a significant decline from ₹268.62 lakh in the previous year. Revenue from operations for the year stood at ₹18,405.68 lakh, compared to ₹20,288.62 lakh in FY25. For the quarter ended March 31, 2026, the company recorded a net loss of ₹3.67 lakh, while revenue was ₹4,242.18 lakh.

The board has recommended a final dividend of Re. 0.50 per equity share of ₹10 each for the financial year 2025-26. This dividend is subject to the approval of shareholders at the ensuing Annual General Meeting.

Key Financial Metrics

The following table summarizes the financial performance for the year and quarter ended March 31, 2026:

Particulars	Year Ended (₹ in lakh)	Year Ended (₹ in lakh)	Quarter Ended (₹ in lakh)
	31-03-2026	31-03-2025	31-03-2026
Revenue from operations	18,405.68	20,288.62	4,242.18
Total Expenses	18,251.14	19,974.78	4,261.89
Profit for the period	96.98	268.62	(3.67)

Board Decisions

In addition to the financial results, the board approved the appointment of M/s. Kashyap R. Mehta & Partners, Company Secretaries, as Secretarial Auditors to fill a casual vacancy. The firm will hold office until the date of the upcoming Annual General Meeting. The statutory auditors issued an unmodified opinion on the audited financial results.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.10%	-4.20%	-2.23%	-16.13%	-30.26%	+138.64%

Gujarat Craft Industries Limited has officially communicated the resignation of its Secretarial Auditors, M/s. Nishant Pandya & Associates, Practising Company Secretaries (Membership No: ACS-51005, COP No.: 22435). The resignation is effective immediately, starting from the Financial Year 2025-26 onwards, as per a letter dated May 6, 2026. The firm cited personal reasons for stepping down from the position.

The announcement was made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has attached the necessary disclosure as Annexure 1 to the notification sent to BSE Limited.

Details of the Resignation

The company provided a structured disclosure regarding the change in its secretarial audit firm. The table below outlines the key details regarding the resignation and the departing auditor.

Sr. No.	Disclosure Requirement	Details
(a)	Name of Auditors	M/s. Nishant Pandya & Associates, Practising Company Secretaries
(b)	Reason for Change	Resignation as Secretarial Auditors of the Company with immediate effect (i.e. from the Financial Year 2025-26 onwards) due to personal reasons.
(c)	Date of Cessation	w.e.f. 6th May, 2026
(d)	Brief Profile	Not Applicable
(e)	Disclosure of Relationships between Directors	Not Applicable

Auditor Confirmation

In their resignation letter addressed to the Board of Directors of Gujarat Craft Industries Limited, M/s. Nishant Pandya & Associates, represented by Proprietor Nishant Pandya (ACS: 51005, COP: 22435, PRN: 2552/2022), clarified that there are no other material reasons for their decision. The firm, registered with FRN: S2019GJ700100, further stated that they have no objection to the appointment of any other Secretarial Auditors by the company.

The communication was signed by Rishab Chhajer, Chairman & Managing Director (DIN: 05184646) of Gujarat Craft Industries Limited. The company has requested the stock exchange to take note of the resignation and update their records accordingly.