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Gillanders Arbuthnot & Company Ltd

| Statement of Audited Standalone Financial Results for the Year Ended 31st March 2026

Report Source

⬤11th May 26

Summary : Gillanders Arbuthnot reported mixed FY26 results with quarterly losses, recommended preference dividend, and appointed new cost accountant.

Quarterly Report Analysis & Insights

Financial Disclosures

  1. Standalone: Cost of Materials Consumed (1,200.28 Lakhs), Employee Benefits Expense (2,543.01 Lakhs), Other Expenses (2,579.88 Lakhs) for Q4 FY26.
  2. Consolidated: Cost of Materials Consumed (1,200.28 Lakhs), Employee Benefits Expense (3,096.06 Lakhs), Other Expenses (3,111.80 Lakhs) for Q4 FY26.
  3. Standalone: Tea (3,004.98 Lakhs), Engineering (4,034.65 Lakhs), Textiles (1,874.59 Lakhs), Property (252.89 Lakhs) for Q4 FY26.
  4. Consolidated: Tea (4,189.80 Lakhs), Engineering (4,034.65 Lakhs), Textiles (1,874.59 Lakhs), Property (252.89 Lakhs) for Q4 FY26.
  5. Standalone Net Cash from Operating Activities: 1,801.57 Lakhs (FY26).
  6. Standalone Net Cash used in Investing Activities: (705.61) Lakhs (FY26).
  7. Standalone Net Cash used in Financing Activities: (896.30) Lakhs (FY26).
  8. Consolidated Net Cash from Operating Activities: 1,424.65 Lakhs (FY26).
  9. Consolidated Net Cash used in Investing Activities: (823.52) Lakhs (FY26).
  10. Consolidated Net Cash used in Financing Activities: (374.89) Lakhs (FY26).
  11. Standalone Total Assets: 49,749.81 Lakhs (March 2026).
  12. Consolidated Total Assets: 55,289.60 Lakhs (March 2026).
  13. Standalone Other Equity: 25,215.48 Lakhs (March 2026).
  14. Consolidated Other Equity: 23,659.88 Lakhs (March 2026).
  15. Both standalone and consolidated financial results are presented and audited.

Corporate Overview

  1. India
  2. Mauritius (subsidiary)
  3. Other international locations (subsidiaries)
  4. Reassessment of employee benefit obligations due to new Labour Codes.
  5. Reliance on other auditors for MICCO division and foreign subsidiaries.
  6. Diversified operations in Tea, Engineering, Textiles, and Property.
  7. Formal and compliant with regulatory requirements.
  8. Engineering (MICCO)
  9. Textiles
  10. Property
  11. Investment in Gillanders Holdings (Mauritius) Limited.

Risk Factors

  1. Impact of new Labour Codes.
  2. Reliance on other auditors' reports.
  3. Standalone and consolidated quarterly losses.
  4. Negative cash flow from investing activities.

Key Drivers

  1. Dividend recommended for preference shareholders.
  2. New Cost Accountant appointed for FY2027.
  3. Investment in Mauritius foreign subsidiary.
  4. AGM via video conferencing.

Auditor’s Report

  1. Unmodified opinion on standalone and consolidated financial results.
  2. Audit of Engineering (MICCO) Division by other auditors.
  3. Audit of foreign subsidiaries by other auditors.

Board Commentary

  1. Appointment of M/s B. Ray & Associates as Cost Accountant for FY2027.
  2. Recommended dividend on 7.75% Cumulative Redeemable Preference Shares for FY 2018-19 and 2019-20.
  3. New Labour Codes effective from November 2025, impacting employee benefits.
  4. Invested USD 50,000 in Gillanders Holdings (Mauritius) Limited.

Corporate Governance

  1. Audit Committee reviewed and approved financial results.