Independent Director Ms. Rekha Rani Naraniwal resigned from the Board of Gujarat Toolroom Limited effective June 5, 2026, due to preoccupation and other professional commitments. The company confirmed that there are no material reasons for the resignation other than those stated in her letter. Consequently, she has stepped down from all positions held on the basis of her directorship.

The resignation was intimated to the stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure complies with SEBI circular No. SEBI/HO/CFD/CFD PoD1/P/CIR/2023/123 dated July 13, 2023, and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Resignation Details

The following table outlines the key details regarding the cessation of the director's role:

Ms. Naraniwal confirmed that she held no shareholding in the company. The resignation letter has been attached to the regulatory filing as Annexure-A.

Gujarat Toolroom Limited published its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, in the Financial Express on May 30, 2026. The disclosure, submitted in accordance with Regulation 30 and 47 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, confirms a consolidated net profit of ₹772.36 lakh for the group, contrasting sharply with a standalone net loss of ₹558.83 lakh for the same period. The company's board had previously approved these financial statements in a meeting held on May 29, 2026.

The standalone financial performance for FY26 reflects a sharp decline in revenue from operations, which fell to ₹2,258.51 lakh from ₹31,379.09 lakh in the previous year. This contraction resulted in a net loss of ₹558.83 lakh compared to a profit of ₹1,161.47 lakh in FY25. For the quarter ended March 31, 2026, the standalone net loss was reported at ₹844.71 lakh. Basic earnings per share (EPS) on a standalone basis stood at (₹1.02) for the year.

In contrast, the consolidated performance, which includes subsidiary GTL GEMS DMCC, remained profitable. The group reported a consolidated net profit of ₹772.36 lakh, a decrease from ₹5,448.39 lakh in the prior year. Total revenue from operations on a consolidated basis was ₹3,590.19 lakh for the year. The consolidated basic EPS for FY26 was ₹0.70, with the subsidiary contributing significantly through a net profit of ₹1,332.03 lakh for the quarter and ₹1,331.19 lakh for the year.

Financial Highlights

The table below summarizes the key financial metrics for the standalone entity for the financial year ended March 31, 2026:

Auditor Observations

M/s. R B Gohil & Co., Chartered Accountants, issued an unmodified opinion on the financial results but flagged material compliance lapses. The auditors noted that the company's GST registration was cancelled suo moto by the GST department effective from the date of registration. This cancellation has led to a discrepancy in GST liability between the GST portal and the books of accounts, as well as a mismatch between the GST turnover reported in returns and the turnover reported in the financial statements. Additionally, the auditors observed that Tax Deducted at Source (TDS) was not deducted and paid under sections 192, 194C, 194I, 194Q, and Tax Collected at Source (TCS) under section 206CQ for the financial year 2025-26.