Gourmet Gateway India Limited

Document Overview

Gourmet Gateway India Limited has issued two key regulatory disclosures: (1) Notice of its 43rd Annual General Meeting scheduled for September 30, 2026, and (2) Audited Consolidated Financial Statements for FY ended March 31, 2026.

AGM Details and Agenda

The 43rd AGM will be held virtually on September 30, 2026 at 3:30 PM. Key agenda items include:

  • Adoption of audited standalone and consolidated financial statements for FY26
  • Re-appointment of Mr. Anubhav Dham as Director retiring by rotation
  • Regularization of Mr. Vipul Gupta as Non-Executive Independent Director for 5 years
  • Approval of related party transactions with subsidiary companies for FY27 with maximum values of ₹100 lakhs per annum

Financial Performance Highlights

Standalone Financials (₹ in Lakhs):

  • Revenue from Operations: 1,305.08 (FY25: 805.16)
  • Profit for the Year: 2.57 (FY25: 14.70)

Consolidated Financials (₹ in Lakhs):

  • Revenue from Operations: 19,252.79 (FY25: 16,573.62) - 16.16% growth
  • Profit/(Loss) for the Year: 18.38 (FY25: loss of 262.38) - Significant turnaround
  • Total Assets: Includes PPE ₹2,916.08L, Right-of-use assets ₹5,940.97L, Intangibles ₹6,138.35L
  • Cash and Cash Equivalents: ₹533.92 lakhs
  • Total Equity: ₹5,173.92 lakhs

Audit and Regulatory Matters

Walker Chandiok & Co LLP issued an unmodified audit opinion with emphasis on:

  • Ongoing Directorate of Enforcement investigation with Provisional Attachment Order dated September 5, 2024
  • Material weaknesses in audit trail functionality for several subsidiaries' accounting software
  • Adverse remarks in CARO 2020 reports for multiple group companies

Management believes no adjustments are required in the financial statements regarding the ED proceedings.

Corporate Structure and Capital

  • Five subsidiary companies including Boutonniere Hospitality, Barista Coffee Company, and Welgrow Hotels Concepts
  • Paid-up Share Capital: ₹15.25 crores
  • During FY26, allotted 3,16,667 equity shares on preferential basis and 26,65,242 equity shares via CCPS conversion
  • 88.73% of equity shares held in dematerialized form

Additional Information

  • No dividend recommended for FY26
  • Group does not meet CSR spending criteria under Section 135 of Companies Act, 2013
  • Remote e-voting period: September 27-29, 2026 via CDSL and NSDL platforms
  • Comprehensive corporate governance disclosures with Board meeting 8 times during FY26