Gothi Plascon (India) Limited , a real estate and plastics company, has announced its unaudited financial results for the first quarter ended June 30, along with significant changes in its statutory auditor position and plans for its upcoming Annual General Meeting (AGM).

Financial Performance

The company reported a mixed financial performance for Q1:

Despite a 12.61% year-on-year decline in revenue from operations to Rs. 91.76 lacs, Gothi Plascon managed to reduce its total expenses by 3.23%. However, the company's profit after tax decreased by 24.09% to Rs. 35.83 lacs compared to the same quarter last year.

Auditor Resignation and New Appointment

In a significant development, the Board of Directors accepted the resignation of M/s N.SINGHAL & CO, Chartered Accountants (Firm Registration No: 006249C) as the company's statutory auditors. The outgoing auditors cited preoccupation with other professional and personal commitments as the reason for their departure.

To fill this vacancy, the Board has appointed M/s Achha Associates, Chartered Accountants (Firm Registration No. 078108S) as the new statutory auditors for a five-year term. The new auditors will receive an annual remuneration of Rs. 1,50,000, subject to potential adjustments by the board.

Upcoming Annual General Meeting

Gothi Plascon has scheduled its 30th Annual General Meeting for September 1. In line with current corporate practices, the AGM will be conducted through video conferencing. Key dates related to the AGM include:

• AGM Date: September 1, at 11:00 am IST
• Cut-off Date for Voting Eligibility: August 25
• Book Closure: August 26 to September 1 (both days inclusive)

The company will send the AGM notice and annual report electronically to shareholders who have registered their email addresses.

Management Commentary

While specific management comments were not provided, the board meeting that approved these results and changes lasted from 12:00 pm to 2:30 pm on July 31.

Investors and stakeholders will be keenly watching how Gothi Plascon navigates the challenges reflected in its Q1 results and how the new auditors will contribute to the company's financial reporting and governance practices going forward.

Gothi Plascon (India) Limited , a company operating primarily in the real estate sector, has released its unaudited financial results for the first quarter ended June 30, 2025, alongside several key corporate announcements.

Financial Performance

The company reported a revenue from operations of Rs. 91.76 crore for Q1, compared to Rs. 105.00 crore in the same quarter of the previous year, marking a decrease of 12.61%. Despite the lower revenue, Gothi Plascon managed to post a profit of Rs. 35.83 crore for the period, although this was down from Rs. 47.20 crore in the corresponding quarter last year.

The financial results, as presented in the board meeting held on July 31, 2025, show the following key figures:

Change in Statutory Auditor

In a significant development, the Board of Directors accepted the resignation of M/s N.SINGHAL & CO, Chartered Accountants (Firm Registration No: 006249C) as the company's statutory auditors. The outgoing auditors cited preoccupation with other professional and personal commitments as the reason for their resignation.

To fill this vacancy, the Board has appointed M/s Achha Associates, Chartered Accountants (Firm Registration No. 078108S) as the new statutory auditors for a term of five consecutive years. The new auditors will receive an annual remuneration of Rs. 1,50,000, subject to potential adjustments by the board.

Annual General Meeting

The company has scheduled its 30th Annual General Meeting (AGM) for September 1, 2025. In line with ongoing practices, the AGM will be conducted through video conferencing. The Board has approved the notice for this meeting, and it will be distributed to shareholders who have registered their email addresses with the company or its registrar.

For the purpose of the AGM, the company has set August 25, 2025, as the cut-off date for determining voting eligibility. The Register of Members and Share Transfer Books will remain closed from August 26, 2025, to September 1, 2025 (both days inclusive).

These developments mark a period of transition for Gothi Plascon, with changes in financial performance and corporate governance structures. Shareholders and market watchers will likely keep a close eye on how these changes impact the company's future performance and strategic direction.