Board Meeting Details

The Board of Directors meeting was held on July 22, 2026, commencing at 4:00 PM and concluding at 4:30 PM. The board considered and approved the unaudited standalone financial results for the quarter ended June 30, 2026.

Financial Results Overview

Quarter Ended June 30, 2026 (Unaudited)

  • Total Income: ₹0.00 lakh (compared to ₹0.00 lakh in Q1 FY26)
  • Employee Benefits Expenses: ₹4.50 lakh
  • Finance Costs: ₹30.85 lakh
  • Depreciation and Amortization: ₹2.95 lakh
  • Other Expenses: ₹10.28 lakh
  • Total Expenses: ₹48.58 lakh
  • Loss Before Tax: ₹48.58 lakh
  • Deferred Tax: ₹(0.51) lakh
  • Net Loss: ₹49.09 lakh
  • Earnings Per Share (Basic & Diluted): ₹(0.09)
  • Total Comprehensive Income: ₹(49.09) lakh

Comparative Performance

  • Q1 FY26 Net Loss: ₹207.32 lakh (improvement of ₹158.23 lakh year-over-year)
  • FY2026 Audited Net Loss: ₹435.53 lakh

Balance Sheet Position (as at June 30, 2026)

Assets (₹ in lakhs)

  • Property, Plant and Equipment: ₹76.47 (vs ₹81.06 as of March 31, 2026)
  • Intangible Assets: ₹1,300.00 (unchanged)
  • Deferred Tax Assets: ₹3.20 (vs ₹3.72)
  • Other Non-Current Assets: ₹2,849.13 (vs ₹4,132.94)
  • Cash and Cash Equivalents: ₹1.61 (vs ₹0.91)
  • Short-Term Loans and Advances: ₹13.33 (unchanged)
  • Other Current Assets: ₹2,769.99 (vs ₹2,704.84)
  • Total Assets: ₹7,013.73 (vs ₹8,249.48)

Liabilities and Equity (₹ in lakhs)

  • Share Capital: ₹2,729.40 (unchanged)
  • Other Equity: ₹314.79 (vs ₹363.88)
  • Long-Term Borrowings: ₹2,534.22 (vs ₹2,531.58)
  • Other Long Term Liabilities: ₹465.07 (vs ₹1,746.27)
  • Short-Term Borrowings: ₹732.92 (vs ₹702.08)
  • Trade Payables: ₹9.52 (vs ₹15.74)
  • Other Current Liabilities: ₹225.56 (vs ₹158.28)
  • Short-Term Provisions: ₹2.25 (unchanged)
  • Total Equity and Liabilities: ₹7,013.73 (vs ₹8,249.48)

Cash Flow Statement

Quarter Ended June 30, 2026 (₹ in lakhs)

  • Cash Flow from Operating Activities: ₹(1,287.39)
  • Cash Flow from Investing Activities: ₹1,285.45
  • Cash Flow from Financing Activities: ₹2.64
  • Net Increase in Cash: ₹0.70
  • Cash at Beginning: ₹0.91 (March 31, 2026)
  • Cash at End: ₹1.61 (June 30, 2026)

Auditor's Review

R. B. Gohil & Co., Chartered Accountants (ICAI Firm Registration Number: 119360W), represented by partner CA RaghuBha B. Gohil (Membership No. 104997), issued a review report dated July 22, 2026. The review was conducted in accordance with SRE 2410 and concluded that nothing came to their attention causing them to believe that the financial results contain any material misstatement or fail to disclose required information under SEBI Listing Regulations.

Additional Information

The financial results will be hosted on the company's website: https://www.galaglobalhub.com/