Gujarat Winding Systems Limited appointed Mr. Jitendra Parmar as its secretarial auditor for the financial year 2026. The appointment was approved by the Board of Directors during a meeting held on August 24, 2026.

The company disclosed the outcome pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Parmar is a practicing company secretary who will serve in this capacity for FY26.

The board meeting commenced at 5:00 pm and concluded at 6:00 pm on the same day. The company, formerly known as Hi-Tech Winding Systems Limited, notified the Bombay Stock Exchange of the decision.

Gujarat Winding Systems reported a net loss of ₹0.86 lakh for the quarter ended June 30, 2026 (Q1FY27), widening from a loss of ₹0.59 lakh in the corresponding quarter of FY26. The Ahmedabad-based manufacturer recorded zero revenue from operations, marking a continuation of its operational dormancy as total income stood at ₹1.20 lakh, derived entirely from other income sources.

The Board of Directors approved the unaudited financial results on August 11, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by the statutory auditors, Nirav S. Shah & Co., who issued a limited review report confirming that the statements comply with Regulation 33 of the SEBI LODR Regulations, 2015. The meeting commenced at 2:30 p.m. and concluded at 3:30 p.m. at the company’s registered office.

Total expenses for the quarter amounted to ₹2.06 lakh, comprising ₹0.81 lakh in employee benefits, ₹1.23 lakh in other expenses, and ₹0.02 lakh in depreciation and amortization. There were no material costs consumed, purchases of stock-in-trade, or finance costs reported for the period. The company’s paid-up equity share capital remained unchanged at ₹48.58 lakh.

What the Numbers Show

The absence of revenue from operations in Q1FY27 highlights a continued lack of core business activity, contrasting with the previous quarter where ₹1.90 lakh in revenue was recorded. While the net loss narrowed significantly compared to Q4FY26 due to a sharp drop in other expenses—from ₹50.27 lakh to ₹1.23 lakh—the fundamental revenue generation remains absent. The reliance on other income to offset fixed costs such as employee benefits suggests that the company is not currently generating cash flow from its primary winding systems business.

For the full year ended March 31, 2026, the company reported a cumulative net loss of ₹83.16 lakh, down from a profit of ₹5.83 lakh in FY25. The annual revenue from operations was merely ₹3.92 lakh, while other income contributed ₹1.65 lakh. The significant swing from profit in FY25 to a substantial loss in FY26 underscores the volatility and minimal scale of current operations.