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Golden Carpets Ltd (531928)

📊 BSE: 531928 🏢 Furniture, Home Furnishing 📢 Latest filing: 20 Aug 2026

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Golden Carpets' revenue was ₹0.1 Cr (-53.7% year on year, -19.7% on the previous quarter), and net profit ₹-0.1 Cr (against a profit a year earlier); the operating margin was -34.2%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹0.1	-53.7%	-19.7%
Operating profit	₹-0.0	to loss	loss widened
Net profit	₹-0.1	to loss	to loss
EPS (₹)	-0.11	to loss	to loss
Operating margin	-34.2%	—	—

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

Golden Carpets Reconstitutes Key Board Committees Following Director Designation Changes

🟡 NEUTRAL ⭐ 2/10

MANAGEMENT 📅 20 Aug 2026, 06:03 PM

Golden Carpets Ltd announced the reconstitution of its Audit Committee, Nomination & Remuneration Committee (NRC), and Stakeholders Relationship Committee (SRC) effective 20th August 2026. This follows the redesignation of Mr. Srikrishna Naik as Non-Executive & Non-Independent Director and Mrs. Meena Bhushan Kerur as Managing Director. Mr. Rohan Bhushan Kerur has been inducted as a member in the Audit Committee and NRC, and as Chairperson of the SRC. These changes ensure compliance with SEBI LODR committee composition norms.

Reconstitution of Audit, NRC, and SRC committees approved at the Board meeting held on 20th August 2026
Mr. Rohan Bhushan Kerur inducted into Audit Committee and NRC in place of Mrs. Meena Bhushan Kerur
Mr. Rohan Bhushan Kerur appointed Chairperson of Stakeholders Relationship Committee, replacing Mrs. Meena Bhushan Kerur
Mrs. Meena Bhushan Kerur transitioned to Member of Stakeholders Relationship Committee in place of Mr. Srikrishna Naik

💡 Track subsequent corporate governance disclosures and upcoming quarterly operational performance of the micro-cap entity.

Golden Carpets Re-Designates Srikrishna Naik from MD to Non-Executive Director

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 20 Aug 2026, 05:53 PM

Golden Carpets Ltd has announced a change in leadership designation effective August 20, 2026. Mr. Srikrishna Naik has stepped down from the role of Managing Director to become a Non-Executive, Non-Independent Director liable to retire by rotation. Mrs. Meena Bhushan Kerur continues as Managing Director, maintaining promoter family management continuity. The company operates at a microcap scale with Rs 1 Cr TTM revenue and a market cap of Rs 7 Cr.

Srikrishna Naik re-designated from Managing Director to Non-Executive & Non-Independent Director effective August 20, 2026
Director is liable to retire by rotation under the revised non-executive terms
Director is the brother of Mrs. Meena Bhushan Kerur, who remains Managing Director
Company reported quarterly revenue of Rs 0.1205 Cr and net loss of Rs 0.0731 Cr in June 2026

💡 Track subsequent corporate filings to see if any executive operational responsibilities are newly allocated or if quarterly operational revenues show turnaround signs.

Golden Carpets Redesignates Srikrishna Naik from MD to Non-Executive Director

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 20 Aug 2026, 05:44 PM

Golden Carpets Ltd has approved the change in designation of Mr. Srikrishna Naik from Managing Director to Director (Non-Executive & Non-Independent), effective August 20, 2026. Mr. Naik, who is the brother of Managing Director Mrs. Meena Bhushan Kerur, will now be liable to retire by rotation. The micro-cap company reported TTM revenues of Rs 1 Cr and operates at negative operating margins.

Designation change of Mr. Srikrishna Naik from MD to Non-Executive Director effective August 20, 2026
Mr. Srikrishna Naik (DIN: 01730236) will be liable to retire by rotation under the new terms
Disclosed relationship: Mr. Naik is the brother of Managing Director Mrs. Meena Bhushan Kerur

💡 Track subsequent leadership appointments and quarterly financial performance to assess operational stability.

Golden Carpets Appoints Meena Bhushan Kerur as MD for 5-Year Term; Srikrishna Naik Steps Down

🟡 NEUTRAL ⭐ 7/10

MANAGEMENT 📅 20 Aug 2026, 05:38 PM

Golden Carpets Ltd announced key management changes following its Board meeting on August 20, 2026. Mrs. Meena Bhushan Kerur has been appointed as Managing Director for a period of 5 years, subject to shareholder approval, transitioning from a Non-Executive Director role. Concurrently, Mr. Srikrishna Naik has stepped down from the position of Managing Director and transitioned to Non-Executive Non-Independent Director. The 32nd Annual General Meeting (AGM) has been scheduled for September 23, 2026.

Mrs. Meena Bhushan Kerur appointed as Managing Director for a 5-year term starting August 20, 2026
Mr. Srikrishna Naik shifted from Managing Director to Non-Executive & Non-Independent Director effective August 20, 2026
The 32nd Annual General Meeting scheduled to be held on September 23, 2026
Committees reconstituted including the induction of Mr. Rohan Bhushan Kerur to Audit, NRC, and Stakeholders Relationship Committees

💡 Track shareholder voting results at the 32nd AGM on September 23, 2026, and look for any strategic turnaround plans under the new Managing Director given negative TTM profitability.

Golden Carpets Q1 FY27 Results: Revenue Stable at ₹0.26 Cr, Net Profit at ₹0.03 Cr

🟡 NEUTRAL ⭐ 5/10

EARNINGS 📅 07 Aug 2026, 06:43 PM

Golden Carpets Ltd reported a flat top-line performance for Q1 FY27, with revenue holding steady at ₹0.26 crore, identical to the same quarter last year. Net profit saw a marginal improvement to ₹0.03 crore from ₹0.02 crore YoY, resulting in an EPS of ₹0.05. The company continues to operate at an extremely small scale with a market capitalization of only ₹8 crore and a strained balance sheet featuring negative net worth and ₹5 crore in debt. Total expenses for the quarter were slightly lower at ₹0.22 crore compared to ₹0.24 crore in Q1 FY26.

Revenue for the quarter ended June 30, 2026, remained flat at ₹0.26 crore compared to the previous year's corresponding quarter.
Net profit increased slightly to ₹0.03 crore from ₹0.02 crore in Q1 FY26.
Earnings Per Share (EPS) for the quarter improved to ₹0.05 from ₹0.03 YoY.
Total expenses decreased to ₹0.22 crore from ₹0.24 crore in the same period last year.
The company reported a marginal sequential improvement in revenue from ₹0.15 crore in the March 2026 quarter.

💡 Investors should monitor the company's ability to scale operations beyond the current sub-₹1 crore annual revenue run rate and observe any steps taken to address the negative net worth and high debt levels.

Golden Carpets Approves Q1 FY27 Results; Debt Remains High at Rs 5 Cr

🟡 NEUTRAL ⭐ 5/10

EARNINGS 📅 07 Aug 2026, 06:30 PM

Golden Carpets Ltd approved its unaudited financial results for the quarter ended June 30, 2026, in a board meeting held on August 7, 2026. The company remains a micro-cap with a market capitalization of only Rs 8 Cr and a TTM revenue of Rs 1 Cr. Financial health is a concern as the company operates with a negative net worth and carries a debt of Rs 5 Cr. The statutory auditor, Sathuluri & Co., issued a limited review report with no material misstatements or qualifications.

Board approved the Un-Audited Financial Results for the quarter ended June 30, 2026.
Statutory Auditor Sathuluri & Co. issued a clean Limited Review Report with no material misstatements.
Company carries a debt of Rs 5 Cr, which is 5x its TTM revenue of Rs 1 Cr.
The company continues to operate with a negative net worth as per the latest financial context.
Promoter holding remains stable at 66.32% as of the latest June 2026 filing.

💡 Monitor the company's ability to scale revenue beyond the current Rs 1 Cr annual run rate to address its negative net worth and service its Rs 5 Cr debt.

Golden Carpets schedules Board Meeting on August 7, 2026, for Q1 FY27 Results

🟡 NEUTRAL ⭐ 2/10

BOARD_MEETING 📅 31 Jul 2026, 06:59 PM

Golden Carpets Ltd has announced a board meeting on August 7, 2026, to consider and approve the unaudited financial results for the quarter ended June 30, 2026. This is a routine regulatory filing for the micro-cap company, which has a market capitalization of just ₹8 Cr. Given the company's TTM revenue of ₹1 Cr and negative net worth, these results will be crucial for assessing its current operational stability. The company reported a small net profit of ₹0.01 Cr in the previous quarter (March 2026) on revenue of ₹0.15 Cr.

Board meeting scheduled for August 7, 2026, to review Q1 FY27 results.
Company reported a TTM revenue of ₹1 Cr against a debt of ₹5 Cr.
Operating profit margin (OPM) stands at -12.6% based on TTM data.
Promoter holding has remained stable at 66.32% as of June 2026.

💡 Monitor the financial results on August 7, 2026, to see if the company can sustain the marginal profitability seen in March 2026 or if it reverts to losses.

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