Gujarat Hy-Spin Limited has scheduled a Board of Directors meeting for August 31, 2026, at its registered office. The primary agenda includes approving the draft notice for the company’s 16th Annual General Meeting and addressing a casual vacancy in the position of statutory auditor.

The meeting will also focus on finalizing the logistics for the upcoming AGM, including fixing the date, time, and venue. The board intends to approve the draft director’s report along with its annexures. Additionally, the directors will determine the cut-off date for shareholder eligibility for e-voting.

Auditor Appointment

A key item on the agenda is the appointment of a new statutory auditor. This action is required to fill the casual vacancy arising from the resignation of the existing statutory auditor, M/s. RPC & Co., Chartered Accountants (FRN: 121723W). The board will consider and approve this appointment during the session.

Regulatory Compliance

The intimation was issued pursuant to Regulation 29 and Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. The communication was signed by Maganlal Shambhubhai Parvadiya, Chairman and Whole-time Director, on August 22, 2026.

The board meeting will also address any other matters with the permission of the Chair.

Gujarat Hy-Spin Limited reported a net profit of ₹4.70 lakh for the year ended March 31, 2026, a decline from ₹9.72 lakh in the previous fiscal year, as revenue from operations fell to ₹8272.30 lakh from ₹9255.63 lakh in FY25. The company’s board approved the standalone audited financial results for the half year and year ended March 31, 2026, during a meeting held on May 29, 2026.

The statutory auditor, RPC & Co., issued an unmodified opinion on the financial results. However, the auditor’s report included an emphasis of matter noting that the management is responsible for inventory inspections and balance confirmations with debtors and creditors, which were not independently verified. Any adjustments to these values could impact the profit and net assets for the period.

Financial Performance

Total income for the year stood at ₹8386.84 lakh, compared to ₹9496.38 lakh in the previous year. Total expenses for FY26 were ₹8380.44 lakh, slightly lower than the ₹9483.02 lakh recorded in FY25. The company reported a basic and diluted earnings per share (EPS) of ₹0.03 for the year, down from ₹0.06 in the prior year.

For the half year ended March 31, 2026, the company reported a net profit of ₹34.68 lakh, compared to ₹39.32 lakh in the corresponding period of the previous year. Revenue from operations for the half year was ₹4718.89 lakh.

Key Financial Metrics

The following table summarizes the financial results for the year ended March 31, 2026:

Board Decisions

In addition to the financial results, the board appointed Monika V. Tyagi & Associates, Practicing Company Secretaries, as the Secretarial Auditor for the financial year 2025-26. The trading window for dealing in the company's securities will open 48 hours after the announcement of the financial results, in compliance with SEBI regulations.