Event Overview
Goblin India Limited will hold its Thirty Seventh Annual General Meeting on Monday, August 31, 2026 at 09:30 AM at the registered office at Camex House, 1st Floor, Commerce Road, Navrangpura, Ahmedabad-380009, Gujarat.
Business to be Transacted
Ordinary Business:
1. Adoption of Financial Statements: To receive, consider and adopt audited financial statements (standalone and consolidated) for the financial year ended March 31, 2026 together with reports of Board of Directors and Auditors.
2. Re-appointment of Director: To re-appoint Mr. Manish Agrawal (DIN: 01296404) as Director who retires by rotation.
Special Business:
3. Increase in Authorized Share Capital: To increase authorized share capital from ₹24,50,00,000 (2.45 crore shares of ₹10 each) to ₹46,00,00,000 (4.6 crore shares of ₹10 each) and amend Memorandum of Association.
4. Regularization of Independent Director: To regularize appointment of Ms. Kinjal Parmar (DIN: 10831250) as Independent Director for 5 years from March 10, 2026 to March 9, 2031.
5. Increase in Managerial Remuneration: To increase overall limit of managerial remuneration beyond 11% of net profits, with ceiling of ₹90,00,000 in case of inadequate profits.
6. Approval of Related Party Transactions: To approve transactions with related parties (Renova Private Limited, GT Hasten Industries LLP, GT Bags Proprietorship firm) up to aggregate value of ₹25,00,00,000 per year for FY 2026-27.
Financial Highlights (Standalone)
- Revenue from Operations: ₹39,03,86,594 (FY 2025-26) vs ₹37,29,35,665 (FY 2024-25)
- Profit Before Tax: ₹2,07,32,757 (FY 2025-26) vs ₹2,02,50,790 (FY 2024-25)
- Profit After Tax: ₹1,56,07,700 (FY 2025-26) vs ₹1,40,48,415 (FY 2024-25)
- EPS (Basic & Diluted): ₹1.13 (FY 2025-26) vs ₹1.02 (FY 2024-25)
- Reserves & Surplus: ₹27,49,22,961 (March 2026) vs ₹25,93,15,261 (March 2025)
- No dividend recommended for FY 2025-26
Financial Highlights (Consolidated)
- Revenue from Operations: ₹55,37,80,994 (FY 2025-26) vs ₹55,32,34,994 (FY 2024-25)
- Profit After Tax: ₹23,083,494 (FY 2025-26) vs ₹24,230,311 (FY 2024-25)
- EPS (Basic & Diluted): ₹1.67 (FY 2025-26) vs ₹1.75 (FY 2024-25)
Board Composition Changes
Appointments:
- Ms. Kinjal Parmar as Additional Independent Director (w.e.f March 10, 2026)
- Mr. Vimal Laljibhai Kalaria as Independent Director (w.e.f May 29, 2025)
- Ms. Khushbu Bharakatya as Company Secretary & Compliance Officer (w.e.f July 24, 2026)
Resignations:
- Mr. Deepakkumar Kushalchandra Chaubisa as Independent Director (w.e.f March 10, 2026)
- Mr. Yatin Hasmukhlal Doshi as Executive Director (w.e.f April 30, 2026)
- Ms. Farhat Mohanif Patel as Company Secretary (w.e.f February 18, 2026)
- Ms. Harshita Singhal as Independent Director (w.e.f April 2, 2025)
- Ms. Nidhi Jain as Independent Director (w.e.f April 16, 2025)
Share Capital Structure
- Authorized Capital: ₹24,50,00,000 (2,45,00,000 equity shares of ₹10 each)
- Issued, Subscribed & Paid-up Capital: ₹13,81,88,760 (1,38,18,876 equity shares of ₹10 each)
- No change in share capital during the year under review
Key Management Personnel
- Mr. Manojkumar Choukhany: Chairman & Managing Director
- Mrs. Sonam Choukhany: Whole Time Director
- Mr. Ajay Kumar Singhania: Chief Financial Officer
- Ms. Khushbu Bharakatya: Company Secretary & Compliance Officer
Subsidiaries
1. Goblin France SARL: Wholly-owned subsidiary (100% holding)
2. Goblin Industries (India) Private Limited: Wholly-owned subsidiary (100% holding)
Auditor Qualifications
The Statutory Auditors (M/s. Chandabhoy & Jassoobhoy) raised following qualifications:
1. GST Compliance: Company has not provided GST electronic credit ledger, reconciliations and detailed GST payable workings for verification
2. Income Tax Compliance: Company has not filed Income Tax Return for AY 2025-26 and applicable TDS returns for FY 2025-26 within prescribed timelines. Certain TDS liabilities remain unpaid as of March 31, 2026.
3. No provision made for interest, penalty or other liabilities that may crystallize due to non-compliances
The Secretarial Auditors (M/s. Shalini Pandey & Associates) noted:
1. Delay in submitting XBRL filings for director appointments/resignations to stock exchange
2. Non-disclosure of director's share trading exceeding ₹10 lakhs in consecutive quarters
3. Non-filing of Annual Performance Report and FLA returns for foreign subsidiary
Related Party Transactions
Approval sought for transactions with:
- M/s. Renova Private Limited
- M/s. GT Hasten Industries LLP
- M/s. GT Bags Proprietorship firm
Maximum aggregate value: ₹25,00,00,000 per year for FY 2026-27
Rationale: Ordinary course of business at arm's length basis
Voting Arrangements
- E-voting period: August 28, 2026 (9:00 AM) to August 30, 2026 (5:00 PM)
- Cut-off date: August 24, 2026
- Scrutinizer: M/s. Mukesh J. & Associates, Company Secretaries
- Register of Members will remain closed from August 25, 2026 to August 31, 2026
Material Impacts
- Capital Structure: Proposed increase in authorized capital may facilitate future fundraising
- Governance: Board composition changes with new independent director appointments
- Compliance: Auditor qualifications highlight GST and income tax compliance issues requiring resolution
- Operations: Related party transactions approval for normal business operations