Annual Report Disclosure & Financial Performance
Gujarat Natural Resources Limited filed its Annual Report for FY 2025-26 and notice for its 35th AGM scheduled for September 30, 2026. The company reported a remarkable financial turnaround with consolidated net profit of ₹986.57 lakh for FY26, a significant improvement from a net loss of ₹376.03 lakh in the previous year. Standalone performance showed net profit of ₹842.61 lakh (previous year: ₹18.36 lakh) with sales and other income at ₹1,688.49 lakh.
Corporate Actions & AGM Agenda
The company proposes a 1:10 stock split to sub-divide equity shares from ₹10 face value to Re. 1 face value each, maintaining the same total capital of ₹153.40 crore. The AGM will seek shareholder approval for this split, director appointments, and material related party transactions totaling ₹600 crore with four entities: Rhetan TMT Limited, Ashnisha Industries Limited, Lesha Industries Limited, and Ashoka Metcast Limited (₹150 crore each for FY 2027-28).
Operational Highlights & Reserves
The company operates six oil and gas fields across India with 100% participating interest in four fields and 30% in two others. Proved developed reserves stand at 0.7604 million MT of oil and 215.72 million cubic meters of gas. Production during the year was 0.0028 million MT of oil and 3.41 million cubic meters of gas.
Corporate Structure & Subsidiaries
GNRL Oil & Gas Limited was amalgamated into GNRL Oil & Gas (I) Private Limited pursuant to an NCLT order dated January 20, 2026. The company has material subsidiaries including Heramec Oil & Gas (Singapore) Pte Ltd and GNRL Oil & Gas (I) Private Limited.
Financial Metrics & Capital Management
Key financial ratios showed improvement: Current Ratio at 3.18, Debt-Equity Ratio at 0.06, Return on Equity at 5.19%, and Debt Service Coverage Ratio at 25.90. The company raised ₹54.25 crore through preferential allotment of 2.5 crore equity shares at ₹21.70 per share. Total equity stands at ₹15,340.26 lakh (93.21% of capital) with net borrowings of ₹1,117.51 lakh.
Governance & Compliance
The Board met 10 times during FY26 with all mandatory committees constituted. Secretarial Audit noted observations regarding non-charging of interest on loans as per Section 186(7) and non-appointment of independent directors on material subsidiary boards. The company complies with SEBI Listing Regulations and Companies Act provisions for all proposed actions.
No dividend was recommended for FY 2025-26, with statutory auditors providing unqualified opinions on both standalone and consolidated financial statements.