Gagan Gases Limited has announced a significant change in its leadership team. The company has appointed Mr. Balwinder Singh Rana as its new Chief Financial Officer (CFO), effective October 14, 2021. This decision marks an important step in strengthening the company's financial management.

Board Meeting and Appointment Details

The appointment was finalized during a Board of Directors meeting held on October 14, 2021. The meeting took place at 2:00 PM at the company's registered office, highlighting the formal nature of this significant decision. Mr. Rana has provided his consent for the appointment, signaling his readiness to take on the responsibilities of the CFO role.

About Gagan Gases Limited

Gagan Gases Limited is a company registered in Madhya Pradesh, India. It operates in the gases sector, though specific details about its products or services were not provided in the announcement.

Implications of the Appointment

The appointment of a new CFO is often a significant event for any company. As Chief Financial Officer, Mr. Balwinder Singh Rana will likely play a crucial role in:

• Overseeing the company's financial operations
• Managing financial risks
• Financial planning and record-keeping
• Reporting financial performance to the board

This change in financial leadership may signal Gagan Gases Limited's commitment to strengthening its financial management and potentially preparing for future growth or strategic changes.

Gagan Gases Ltd , a prominent player in the gas industry, has announced its unaudited financial results for the first quarter ended June 30, 2025, showcasing significant growth and a return to profitability.

Financial Highlights

The company reported a substantial increase in its revenue from operations, which rose to Rs 134.09 lacs in Q1 FY2026, up from Rs 85.89 lacs in the same quarter of the previous year, marking a growth of about 56%. The total income for the quarter reached Rs 134.33 lacs, compared to Rs 116.09 lacs in the corresponding period last year.

In a remarkable turnaround, Gagan Gases posted a net profit of Rs 26.65 lacs for the quarter, a significant improvement from the loss of Rs 1.23 lacs reported in the same period last year. This positive shift in profitability is reflected in the company's earnings per share (EPS), which stood at Rs 0.59, compared to a negative Rs 0.03 in the corresponding quarter of the previous year.

Financial Performance Overview

Board Meeting and Audit Review

The financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors at their meeting held on July 26, 2025. The meeting, which commenced at 2:00 PM and concluded at 3:15 PM, also addressed other key corporate matters.

Dilip K. Neema and Associates, the company's statutory auditors, conducted a limited review of the financial results. In their report, they stated that nothing has come to their attention that causes them to believe that the financial statements do not present a true and fair view in accordance with applicable accounting standards and other recognized accounting practices and policies.

Upcoming Annual General Meeting

The Board of Directors has scheduled the 39th Annual General Meeting (AGM) of the company for September 27, 2025, at 10:00 AM. The meeting will be held at the company's registered office to transact business as per the agenda approved by the Board of Directors.

Conclusion

Gagan Gases Ltd's strong performance in Q1 FY2026 demonstrates a robust recovery and growth trajectory. The significant increase in revenue and the shift from loss to profit indicate improved operational efficiency and market conditions. Shareholders and investors will likely look forward to the upcoming AGM for further insights into the company's strategies and future outlook.

Note: The financial results are subject to limited review by the company's statutory auditors and are available on the company's website.