Gokul Agro Resources Limited (GARL) shareholders have approved several significant measures at the company's 11th Annual General Meeting (AGM) held on September 12, 2025. The decisions aim to enhance shareholder value and incentivize employees.

Stock Split Approved

The shareholders gave their nod to a 1:2 stock split, which will reduce the face value of each equity share from Rs. 2 to Rs. 1. This move is expected to make the shares more accessible to retail investors and potentially increase liquidity in the stock.

Key Details of the Stock Split:

The company stated that the split aims to encourage greater retail investor participation. The process is expected to be completed within two months from the date of approval.

Employee Stock Option Plan 2025

In addition to the stock split, shareholders approved the 'Gokul-Employee Stock Option Plan 2025' (ESOP Plan 2025). This plan is designed to:

• Attract, retain, and incentivize employees and directors of the company and its subsidiaries
• Motivate employees for higher performance and sustained corporate growth
• Align employee interests with those of the shareholders

The ESOP Plan 2025 allows for the granting of up to 28 lakh stock options to eligible employees. The options will be priced at a discount to the market price, with a minimum price set at the face value of Rs. 2 per share.

Vesting and Exercise Details:

• Vesting period: Between one and five years from the date of grant
• Exercise period: Two years from the date of vesting

Other Key Approvals

Shareholders also approved:

1. Appointment of M/s. Pipara & Co LLP as Statutory Auditors for a five-year term
2. Appointment of M/s. Chirag Shah & Associates as Secretarial Auditors for a five-year term
3. Issuance of sweat equity shares to key management personnel
4. Revision in remuneration for the Chief Executive Officer and Whole Time Director

These decisions reflect Gokul Agro Resources' commitment to corporate governance, employee welfare, and shareholder value creation. The stock split, in particular, is likely to be closely watched by investors for its potential impact on the company's market performance.

Gokul Agro Resources Limited, a prominent player in the agro-processing industry, has announced its financial results for the fiscal year 2023, showcasing a modest growth in profitability despite challenging market conditions.

Financial Performance Highlights

The Board of Directors of Gokul Agro Resources Limited has approved the audited standalone and consolidated financial results for the fourth quarter and year ended March 31, 2023. Here are the key highlights:

Standalone Results

Consolidated Results

Capital Raising Initiative

In a strategic move to strengthen its financial position, Gokul Agro Resources Limited successfully completed a rights issue during the fiscal year. The company issued 44.71 lakh equity shares at a price of Rs 92 per share, raising a total of Rs 411.33 crore. This capital infusion is expected to support the company's growth initiatives and operational expansion plans.

Audit Opinion

The company's auditors have provided an unmodified opinion on both the standalone and consolidated financial statements, affirming the accuracy and reliability of the reported financial results.

Financial Trends

Based on the available financial data, some notable trends include:

• Revenue Growth: The company's annual revenue reached Rs 17,117.70 crore, a significant increase from Rs 12,922.40 crore in the previous year.

• Profitability: The net profit has shown substantial improvement, rising from Rs 104.90 crore to Rs 200.90 crore, representing a robust growth of 91.52%.

• Operating Efficiency: The Operating Profit Margin (OPM) has improved to 2.66% from 1.95% in the previous year, indicating enhanced operational efficiency.

• Debt Management: Interest expenses have increased to Rs 158.10 crore from Rs 106.90 crore, suggesting an increase in debt levels, which may be partly attributed to the company's expansion efforts.

Gokul Agro Resources Limited's financial results reflect a company navigating through market challenges while maintaining growth in key areas. The successful rights issue and improved profitability metrics position the company for potential future growth, although the increasing interest expenses may warrant attention in terms of long-term financial health.