Financial Performance
Standalone Results (₹ lakhs):
Revenue from Operations: ₹2,564.41 lakhs (Previous year: ₹3,274.94 lakhs)
Net Loss: ₹356.79 lakhs (Previous year: loss of ₹610.79 lakhs)
Total Comprehensive Loss: ₹334.88 lakhs (Previous year: loss of ₹631.15 lakhs)
Cash & Cash Equivalents: ₹0.05 lakh (Previous year: ₹0.04 lakh)
Total Borrowings: ₹953.66 lakh (Previous year: ₹1,808.61 lakh)
Consolidated Results (₹ lakhs):
Net Profit: ₹302.71 lakh (Previous year: ₹707.92 lakh loss)
Revenue from Operations: ₹14,906.35 lakh (Previous year: ₹10,898.76 lakh)
Total Equity: ₹5,488.79 lakh (Previous year: ₹5,643.65 lakh)
Operational Highlights
- Turnover decreased due to challenging global and domestic market conditions impacted by increased US tariffs and trade restrictions
- Aggressive pricing by Chinese manufacturers created pressure on domestic pricing and margins
- Company expects to achieve sales targets for 2026-27 with normalization of tariffs and is pursuing anti-dumping duties on plastic lens imports
- Foreign exchange earned: ₹875.56 lakhs, used: ₹733.10 lakhs, net earnings: ₹142.45 lakhs
Related Party Transactions
Standalone Transactions (₹ lakhs):
Purchases from related parties: ₹2,082.04 lakh (Previous year: ₹2,974.54 lakh)
Sales to related parties: ₹2,101.82 lakh (Previous year: ₹2,107.90 lakh)
Loan from KMP (K.G. Gupta): ₹500.00 lakh received, ₹594.13 lakh repaid
Remuneration to KMP: ₹69.86 lakh for short-term benefits, ₹6.37 lakh for post-employment benefits
Key Related Parties:
GKB Vision Private Limited (Entities under common control), GKB Hi-Tech Private Ltd., GSV Ophthalmics Pvt Ltd, GKB Ophthalmics Products FZE
Annual General Meeting Details
44th AGM Date: August 25, 2026
Time: 11:00 AM IST
Venue: Registered Office at 16-A, Tivim Industrial Estate, Mapusa, Goa
Book Closure: August 19, 2026 to August 25, 2026
AGM Agenda Items:
Ordinary Business: Adoption of financial statements, re-appointment of Mr. Vikram Gupta
Special Business: Re-appointment of Mr. Cedric Lobo as Executive Director, Mr. K.G. Gupta as Chairman & Managing Director, approval of Material Related Party Transactions with GKB Vision Private Limited (₹27.00 crores) and Lensco - The Lens Company (₹15.00 crores)
Financial Risk Management
Foreign Currency Risk:
Net exposure FY26: Assets ₹342.89 lakh, Liabilities ₹(2.77) lakh
Sensitivity: 1% change in USD rate affects PBT by ₹3.43 lakh
Credit Risk:
Trade receivables aging: Not due ₹428.19 lakh, 1-180 days past due ₹88.94 lakh, >180 days past due ₹1.12 lakh
Provision for doubtful debts: ₹66.12 lakh (Previous year: ₹53.46 lakh)
Liquidity Risk:
Maturity profile: ₹738.93 lakh payable on demand, ₹619.51 lakh within 3 months, ₹207.36 lakh in 3-12 months, ₹102.34 lakh in 1-5 years
Regulatory Compliance & Significant Matters
- SEBI LODR violation liability: ₹10.00 lakh provided for
- Case against Company for Charter of Demands filed in 2009: Award passed by Industrial Tribunal currently challenged in Bombay High Court
- Labour Commissioner ordered recovery of ₹8.82 crores which Company is challenging
- Customs duty dispute: ₹2.67 crores differential duty appeal filed with CESTAT, Mumbai
- Credit rating migrated to 'Crisil D' for Long Term and Short Term bank facilities
Corporate Structure
Material Subsidiaries: GKB Ophthalmics Products FZE, Lensco - The Lens Company NJ, Prescription Optical Products L.L.C.
Other Subsidiaries: Prime Ophthalmics Products PTY Limited (undergoing closure), GSV Ophthalmics Private Limited (voluntary liquidation)
Employee Strength: 156 permanent employees as on March 31, 2026 with cordial labor relations