Board Meeting Details

The Board of Directors meeting was held on Saturday, 30 May 2026, commencing at 05:00 p.m. and concluding at 07:15 p.m.

The Board approved and took on record:

  • Standalone and Consolidated Audited Financial Results for the half year and financial year ended on 31st March, 2026
  • Declaration for unmodified/modified opinion on the Standalone and Consolidated Audited Financial Results

Financial Results - Standalone (Rs. in Lakhs except EPS)

Year Ended 31st March 2026:

  • Revenue from Operations: ₹3,903.87
  • Other Income: ₹156.69
  • Total Revenue: ₹4,060.55
  • Total Expenses: ₹3,853.22
  • Profit before tax: ₹207.33
  • Tax Expense: ₹52.18 (Current tax), ₹0.93 (Deferred tax)
  • Net Profit for the period: ₹156.08
  • Earnings Per Share (Basic & Diluted): ₹1.13
  • Paid-up equity share capital: ₹1,381.89 lakh (Face value ₹10/- each)

Half Year Ended 31st March 2026:

  • Revenue from Operations: ₹2,242.43
  • Other Income: ₹78.84
  • Total Revenue: ₹2,321.26
  • Total Expenses: ₹2,251.64
  • Profit before tax: ₹69.62
  • Tax Expense: ₹17.52 (Current tax), ₹1.26 (Deferred tax)
  • Net Profit for the period: ₹53.36
  • Earnings Per Share (Basic & Diluted): ₹0.39

Financial Results - Consolidated (Rs. in Lakhs except EPS)

Year Ended 31st March 2026:

  • Revenue from Operations: ₹5,537.81
  • Other Income: ₹156.69
  • Total Revenue: ₹5,694.50
  • Total Expenses: ₹5,387.97
  • Profit before tax: ₹306.53
  • Tax Expense: ₹76.63 (Current tax), ₹0.94 (Deferred tax)
  • Net Profit for the period: ₹230.83
  • Earnings Per Share (Basic & Diluted): ₹1.67
  • Paid-up equity share capital: ₹1,381.89 lakh (Face value ₹10/- each)

Half Year Ended 31st March 2026:

  • Revenue from Operations: ₹3,046.11
  • Other Income: ₹74.55
  • Total Revenue: ₹3,120.66
  • Total Expenses: ₹3,002.69
  • Profit before tax: ₹117.97
  • Tax Expense: ₹41.97 (Current tax), ₹1.26 (Deferred tax)
  • Net Profit for the period: ₹77.25
  • Earnings Per Share (Basic & Diluted): ₹0.56

Audit Opinion - Qualified

Chandabhoy & Jassoobhoy Chartered Accountants issued a qualified opinion on both standalone and consolidated financial results due to:

Standalone Qualifications:

1. The Company has not provided GST electronic credit ledger, reconciliations and detailed GST payable workings for verification, making it impossible to verify related balances in books of account.

2. The Company has outstanding statutory liabilities under Income Tax Act, 1961 and has not filed:

  • Income Tax Return for AY 2025-26
  • Applicable TDS returns for financial year 2025-26 within prescribed timelines
  • Certain TDS liabilities remain unpaid as at 31 March 2026
  • No provision made for interest, penalty or other liabilities that may crystallize
  • No disclosure of related contingent liabilities

Consolidated Qualifications:

Same qualifications as standalone apply to the holding company, with impact on consolidated results being indeterminable.

Subsidiaries Included in Consolidation

1. GOBLIN INDUSTRIES (INDIA) PRIVATE LIMITED

2. GOBLIN FRANCE (unaudited financial statements)

Management Response to Audit Qualifications

Management stated they are unable to estimate the impact of audit qualifications due to:

  • No reconciliation documentation present during audit field work
  • Actively working on streamlining compliance
  • Taking immediate steps to clear all outstanding TDS dues with applicable interest
  • Planning to file overdue returns for FY 2024-25/AY 2025-26 at the earliest
  • Necessary adjustments will be incorporated into books of account during current quarter

Financial Position as at 31st March 2026

Standalone Balance Sheet (Rs. in Lakhs):

  • Total Assets: ₹8,165.61
  • Total Liabilities: ₹4,034.49
  • Net Worth: ₹4,131.12
  • Share Capital: ₹1,381.89
  • Reserves and Surplus: ₹2,749.23

Consolidated Balance Sheet (Rs. in Lakhs):

  • Total Assets: ₹8,803.24
  • Total Liabilities: ₹4,177.54
  • Shareholder's Funds: ₹4,625.70
  • Share Capital: ₹1,381.89
  • Reserves & Surplus: ₹3,243.81

Cash Flow Statement - Standalone (Rs. in Lakhs)

  • Net Cash from Operating Activities: ₹22.88
  • Net Cash from Investing Activities: (₹9.43)
  • Net Cash from Financing Activities: (₹9.22)
  • Net Increase in Cash: ₹4.22
  • Cash at beginning: ₹48.35
  • Cash at end: ₹52.58

Additional Information

  • Figures for half year ended 31st March 2026 are balancing figures between audited full year and unaudited year-to-date figures up to half year ended 30th September 2025
  • Previous period/year figures have been regrouped or reclassified wherever necessary
  • The company does not have more than one reportable segment as per AS-17
  • Audit qualification appeared for the first time