Gujarat Containers Limited (GCL) has issued an additional disclosure to rectify an oversight in their previous corporate announcement regarding a significant change in their board composition.

Key Details of the Announcement

• Director Resignation: Mr. Kiran Arvindlal Shah has resigned from his positions as Non-Executive Director and Chairman of Gujarat Containers Limited.
• Effective Date: The resignation is effective immediately.
• Reason for Resignation: Mr. Shah cited pre-occupation as the reason for his departure.

Correction of Previous Disclosure

Gujarat Containers Limited acknowledged an inadvertent error in their initial announcement. The company had failed to attach Mr. Shah's resignation letter when submitting the outcome of their board meeting to the stock exchange.

Compliance and Transparency

In response to a communication from BSE Limited, GCL has taken the following steps:

1. Submitted the missing resignation letter of Mr. Kiran Arvindlal Shah.
2. Reaffirmed their commitment to making timely, accurate, and comprehensive disclosures in compliance with applicable regulatory requirements.

Details of the Resignation Letter

The company has expressed regret for the oversight in their earlier submission and has requested the stock exchange to take the corrected information on record.

This incident underscores the importance of meticulous reporting and the regulatory requirements for listed companies to maintain transparency with their shareholders and the market at large.

Gujarat Containers Limited (GCL) has announced significant leadership changes and released its financial results for the second quarter of fiscal year 2026. The company's board meeting on October 31, 2025, resulted in key management restructuring and the approval of unaudited financial results for the quarter and half-year ended September 30, 2025.

Leadership Transitions

GCL has undergone notable changes in its top management:

• Kiran Arvindlal Shah has stepped down from his position as Chairman and Non-Executive Director, citing pre-occupation.
• Neil Kiran Shah, previously the Managing Director, has been appointed as the new Chairman of the company.
• Neha Vivek Vora has been promoted from Whole-time Director to Joint Managing Director.

Additionally, the board has appointed Kiran Arvindlal Shah as a Professional Management Consultant for a five-year term starting November 1, 2025.

Senior Management Appointments

The company has also ratified several senior management appointments:

• Vishnu C. Swarnkar as Commercial Head
• Sandeep Grover as Plant Manager
• Sumit Sharma as Plant Head

Financial Performance

GCL's financial results for Q2 FY2026 and H1 FY2026 show a mixed performance:

The company's revenue from operations for Q2 FY2026 stood at Rs. 3,666.27 lakhs, compared to Rs. 3,832.52 lakhs in the same quarter of the previous year, indicating a slight decrease. The profit for Q2 FY2026 was Rs. 135.71 lakhs, down from Rs. 193.71 lakhs in Q2 FY2025.

For the half-year ended September 30, 2025, GCL reported a total income of Rs. 7,208.17 lakhs, compared to Rs. 7,901.80 lakhs in the corresponding period of the previous year. The profit for H1 FY2026 was Rs. 302.23 lakhs, lower than the Rs. 441.42 lakhs recorded in H1 FY2025.

Balance Sheet Highlights

As of September 30, 2025, Gujarat Containers Limited reported:

• Total Assets: Rs. 7,976.87 lakhs
• Total Equity: Rs. 5,332.37 lakhs
• Current Assets: Rs. 5,410.99 lakhs
• Current Liabilities: Rs. 2,412.58 lakhs

The company maintains a strong equity position, with total equity comprising about 66.85% of its total assets.

These changes in leadership and financial results reflect Gujarat Containers Limited's ongoing efforts to adapt to market conditions and strengthen its management structure.