Ganges Securities Limited FY26 Annual Report Summary

Document Dates: May 14, 2026 (Board Report) & July 20, 2026 (Filing Date)

Nature: Regulatory filing under SEBI Listing Regulations containing Audited Financial Statements for FY 2025-26 and notice of the 12th Annual General Meeting.

Financial Performance Highlights

Standalone Financials (₹ lakhs):

  • Revenue from Operations: ₹797.42 (PY: ₹786.95)
  • Profit Before Tax: ₹589.03 (PY: ₹527.78)
  • Profit After Tax: ₹433.64 (PY: ₹388.54) - 12% increase
  • No dividend recommended for FY26
  • No amount transferred to Reserves

Consolidated Financials (₹ lakhs):

  • Revenue from Operations: ₹3,610.90 (PY: ₹3,798.26)
  • Profit After Tax: ₹268.97 (PY: ₹506.21)
  • Total Comprehensive Income: ₹13,638.87 (PY: ₹13,102.39)
  • Earnings Per Share: ₹2.69 (PY: ₹5.06)

Subsidiary Operations

  • Cinnatolliah Tea Limited (100% subsidiary):
  • Share Capital: ₹2,617.54 lakhs
  • Reserves & Surplus: ₹1,399.03 lakhs (PY: ₹1,524.99)
  • Total Assets: ₹4,711.21 lakhs (PY: ₹4,908.27)
  • Turnover: ₹2,859.93 lakhs (PY: ₹3,045.24)
  • Loss After Tax: ₹33.79 lakhs (PY: Profit ₹248.53)
  • Proposed Dividend: ₹130.88 lakhs
  • Defined benefit gratuity plan with net liability of ₹292.85 lakhs

Investments Portfolio

  • Total Investments: ₹54,140.90 lakhs (96.70% of total assets)
  • Quoted Investments: ₹42,304.62 lakhs (Fair Value)
  • Unquoted Investments: ₹9,603.82 lakhs (Fair Value)
  • Bonds (Quoted): ₹1,685.14 lakhs (Fair Value)
  • Significant fair value changes: ₹13,895.99 lakhs decrease in equity instruments through OCI
  • Major quoted equity investments include Sutlej Textile (₹7,354.82 lakhs), Avadh Sugar (₹6,940.66 lakhs), Chambal Fertilisers (₹10,410.61 lakhs), and SIL Investments (₹7,704.79 lakhs)

Corporate Governance & Board Structure

Board Composition:

  • Ms. Nandini Nopany (Chairperson, retires by rotation)
  • Ms. Urvi Mittal (Managing Director)
  • Mr. Arun Kumar Newar (Independent Director)
  • Mr. Chhedi Lal Agarwal (Independent Director)
  • Mr. Dhiraj Ramakant Banka (Independent Director)
  • Mr. Brij Mohan Agarwal (Non-Executive Director)

Key Managerial Personnel:

  • Ms. Urvi Mittal (Managing Director): ₹98,00,000 remuneration
  • Mr. Vikash Goyal (Chief Financial Officer)
  • Ms. Vijaya Agarwala (Company Secretary)

Board Meetings: 5 meetings held during FY26

Regulatory Compliance & Legal Matters

  • Company confirmed as unregistered Core Investment Company (CIC) as per RBI
  • No material orders from regulators/courts impacting operations
  • No fraud reported by auditors under Section 143(12)
  • Past Fraud Case Disclosure: Subsidiary identified misappropriation of ₹101.86 lakhs by former CFO during April 2022-November 2024. FIR filed and matter pending before court, with full provision made in FY25.
  • No sexual harassment complaints received
  • No deposits accepted from public

AGM Details

  • 12th Annual General Meeting: August 11, 2026 at 11:00 AM
  • Mode: Video Conferencing/Other Audio Visual Means
  • Business: Adoption of financial statements, re-appointment of Ms. Nandini Nopany as director
  • Record Date: August 4, 2026
  • Book Closure: August 5-11, 2026
  • Remote e-voting period: August 7 (9:00 AM) to August 10 (5:00 PM)

Key Financial Ratios (Standalone)

  • Debt-Equity Ratio: Nil (no borrowings)
  • Current Ratio: 87.56 (PY: 175.28)
  • Operating Profit Margin: 71.18% (PY: 64.98%)
  • Net Profit Margin: 52.40% (PY: 47.84%)
  • Return on Net Worth: 0.83% (PY: 0.59%)

Related Party Transactions

  • Loans given to Morton Foods Limited: ₹1,396.00 lakhs (FY25: ₹748.00 lakhs)
  • Interest income from loans: ₹108.62 lakhs (FY25: ₹117.92 lakhs)
  • Receivable from Mr. Priyankar Ghosh: ₹101.86 lakhs (fully provided)
  • All transactions were on arm's length basis in ordinary course of business