Shree Ganesh Elastoplast News

Shree Ganesh Elastoplast Approves Object Clause Change

Board approves postal ballot process for adding consultancy services to main object clause, with e-voting scheduled from March 13 to April 13, 2026.

Shree Ganesh Elastoplast Reports Net Loss of Rs 20.20 Lacs in Q2 FY2025-26

Shree Ganesh Elastoplast Limited reported a net loss of Rs 20.20 lacs for the second quarter ended September 30, 2025, compared to a net profit of Rs 37.92 lacs in the previous quarter. Revenue from operations declined to Rs 27.12 lacs from Rs 56.86 lacs in the prior quarter. For the half-year period, the company recorded a net loss of Rs 149.97 lacs against revenue of Rs 93.98 lacs. Total expenses for the quarter were Rs 47.32 lacs. The company's cash and cash equivalents decreased to Rs 8.82 lacs from Rs 56.26 lacs. Trade receivables dropped to Rs 77.43 lacs from Rs 110.00 lacs, while inventories increased to Rs 250.39 lacs from Rs 116.61 lacs. The results were reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on November 12, 2025.

Shree Ganesh Elastoplast Director Passes Away, Company Appoints New Directors and Sets AGM Date

Shree Ganesh Elastoplast Limited announced the death of Director Mr. Harish Ratilal Mehta on August 7, 2025. The board expressed condolences and decided to inform stock exchanges and regulatory authorities. In a board meeting held on August 25, 2025, the company approved several key decisions including the appointment of Ms. Nikita Rajan Shah as Additional Director in the Non-Promoter, Non-Executive category and Mr. Rajesh Chinubhai Sutaria as Additional Director in the Non-Promoter, Non-Executive category. Both directors are proposed for regular appointment as Independent Directors for five years from October 1, 2025 to September 30, 2030, subject to shareholder approval. The company scheduled its 31st Annual General Meeting for September 26, 2025 at 12:30 PM at the registered office. The board also approved the appointment of Kamlesh M Shah & Co. as Secretarial Auditors for five years and set the record date as September 19, 2025 for e-voting eligibility. Remote e-voting will be conducted from September 23-25, 2025.

Shree Ganesh Elastoplast Reports Profit Turnaround in Q1 FY2026

Shree Ganesh Elastoplast Limited reported a profit of Rs 9.59 lacs for the first quarter ended June 30, 2025, compared to a profit of Rs 113.04 lacs in the same quarter last year. Revenue from operations declined significantly to Rs 27.12 lacs from Rs 870.85 lacs in the corresponding quarter of the previous year. The company's earnings per share stood at Rs 0.17 for the quarter. The Board of Directors approved the unaudited financial results on August 14, 2025, and authorized the Whole Time Director to set dates for the upcoming Annual General Meeting. The auditors issued an unmodified opinion on the quarterly results.