Shree Ganesh Elastoplast Limited narrowed its net loss to ₹48.01 lakh for the financial year ended March 31, 2026, compared to a net loss of ₹147.42 lakh in the previous year. The company posted a net profit of ₹4.23 lakh for the fourth quarter of FY26, recovering from a net loss of ₹183.06 lakh in the same period last year. Total income for the year stood at ₹480.48 lakh, down from ₹1,975.01 lakh in FY25, primarily due to lower income from operations.

The Board of Directors reviewed the audited financial results for the quarter and year ended March 31, 2026, in a meeting held on May 29, 2026. The results were prepared in compliance with Indian Accounting Standards (Ind AS) and reviewed by the Audit Committee. The statutory auditors expressed an unmodified opinion on the standalone financial results. Additionally, the Board appointed M/s. Umangi Bhavsar & Associates Chartered Accountants as Internal Financial Auditors for a term of five years from 2026-27 to 2029-30.

Financial Performance

Income from operations for FY26 fell to ₹478.66 lakh from ₹1,973.20 lakh in the previous year. In Q4 FY26, income from operations rose to ₹252.58 lakh from ₹144.36 lakh in the corresponding quarter of the previous year. Total expenditure for the year decreased to ₹529.63 lakh from ₹2,124.98 lakh in FY25.

The company reported a profit before tax and exceptional items of ₹3.94 lakh for Q4 FY26, compared to a loss of ₹195.53 lakh in Q4 FY25. For the full year, the loss before tax and exceptional items narrowed to ₹49.16 lakh from a loss of ₹149.97 lakh in the previous year.

Balance Sheet and Cash Flows

The company's total assets stood at ₹439.83 lakh as of March 31, 2026, down from ₹451.77 lakh in the previous year. Equity and liabilities totaled ₹439.83 lakh, with equity share capital remaining constant at ₹550.20 lakh. Reserves excluding revaluation reserves stood at a negative ₹194.19 lakh compared to a negative ₹146.18 lakh in the prior year.

Cash and cash equivalents decreased to ₹29.87 lakh as of March 31, 2026, from ₹56.26 lakh a year earlier. Net cash from operating activities was negative at ₹59.05 lakh for FY26, compared to a negative outflow of ₹305.35 lakh in FY25. The company generated net cash of ₹1.25 lakh from investing activities and ₹31.41 lakh from financing activities during the year.

Shree Ganesh Elastoplast Limited has notified BSE of an upcoming Board of Directors meeting, scheduled for Friday, May 29, 2026, at 5:00 P.M. at its registered office in Ahmedabad. The intimation, dated May 18, 2026, has been filed in compliance with Regulation 29(1)(a) and Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Details

The following key details have been disclosed regarding the scheduled meeting:

Agenda Highlights

The board meeting has been convened to address several key matters. The primary purpose is to review, consider, and take on record the audited financial results for the 4th Quarter and year ended March 31, 2026, in the format prescribed under Regulation 33 of the SEBI (LODR) 2015. The complete agenda for the meeting includes the following items:

• Taking note of and recording the Annual Disclosure of Interest made by directors in Form MBP-1 and DIR-8
• Taking note of and recording the Annual Declaration made by Independent Directors as per Section 149 of the Companies Act, 2013
• Appointment of Internal Financial Auditors for the year 2026-27 as per the recommendation of the Statutory Auditors and the Audit Committee
• Taking note of and recording the Certificate of Non-Disqualification of Directors issued by the Practicing Company Secretaries for the year ended March 31, 2026
• Reviewing, considering, and taking on record the Audited Financial Results for the 4th Quarter and year ended March 31, 2026
• Authorizing Whole Time Director Mihir R Shah to fix the Record Date, Book Closure dates, proposed date of Annual General Meeting, time, venue, and e-voting period dates for the proposed AGM for the year ended March 31, 2026
• Any other business with the permission of the Chairman

Authorization of Whole Time Director

A notable agenda item involves authorizing Mihir R Shah, Whole Time Director (DIN: 02055933), to determine and fix key corporate calendar dates. This includes the record date, book closure dates, e-voting period, and the proposed date, time, and venue of the Annual General Meeting for the financial year ended March 31, 2026. The intimation to BSE was signed by Mihir R Shah in his capacity as Whole Time Director of Shree Ganesh Elastoplast Limited.