AGM Details and Corporate Actions

Gillanders Arbuthnot and Company Limited will hold its 92nd Annual General Meeting on July 3, 2026, via video conference to adopt FY26 financial statements and declare dividend on 7.75% Cumulative Redeemable Preference Shares for financial years 2018-19 and 2019-20 amounting to ₹187.55 lakhs. The meeting will also consider re-appointment of director Smt. Prabhawati Devi Kothari and ratification of cost auditor remuneration for FY27. Remote e-voting will be available through CDSL platform from June 30 to July 2, 2026, with CS Ashok Daga appointed as scrutinizer.

Financial Performance Overview

FY26 consolidated financial results show significant challenges: revenue declined 2.8% to ₹43,087.25 lakhs while net profit plummeted 64.6% to ₹946.53 lakhs, with EPS dropping to ₹4.43 from ₹12.52 in the previous year. Standalone performance reflected similar trends with revenue decreasing to ₹39,629.27 lakhs, though EBITDA improved to ₹2,393.89 lakhs. Total assets increased to ₹55,289.60 lakhs, including significant biological assets (₹2,683.31 lakhs) and inventory (₹10,608.05 lakhs), while borrowings stood at ₹14,860.40 lakhs.

Auditor's Report and Compliance

Auditor J K V S & Co issued an unmodified opinion confirming the consolidated financial statements comply with Indian Accounting Standards (Ind AS) and give a true and fair view. Key audit matters included impairment of trade receivables evaluated using an expected credit loss model. The report covers four business segments: Tea (₹22,637.71 lakhs revenue), Engineering (₹10,201.11 lakhs), Textiles (₹9,311.64 lakhs), and Property (₹936.79 lakhs), with operations in India and overseas including Malawi.

Corporate Governance and Shareholder Information

The notice confirms compliance with SEBI Listing Regulations and Companies Act, 2013, including proper maintenance of books of account, adequate internal financial controls, and appropriate director remuneration. Shareholders on record as of June 26, 2026 will be eligible for dividend payments within 30 days of declaration. The company reported 3,87,222 shares aggregating 3,609 shareholders in IEPF Suspense Account as of March 31, 2026.

Cash Flows and Segment Performance

Net cash from operating activities was positive at ₹1,424.65 lakhs, while investing activities used ₹823.52 lakhs and financing activities used ₹374.89 lakhs. Geographical segmentation showed India contributing ₹34,845.12 lakhs and overseas operations ₹8,242.13 lakhs. Contingent liabilities not provided for include Service Tax/GST/Custom Duty (₹1,213.12 lakhs) and Sales Tax (₹189.98 lakhs).

Management and Signatories

The financial statements and AGM notice were signed by key management including Mahesh Sodhani (Managing Director & CEO), Arun Kumar Kothari (Chairman), Neha Singh (Company Secretary), and Niraj Singh (CFO). The auditor's report was issued by Ajay Kumar, Partner of J K V S & CO Chartered Accountants, confirming arm's length related party transactions and appropriate CSR expenditure of ₹4.50 lakhs on education initiatives.