Gujarat Hy-Spin Ltd (540938)
Latest quarterly results (H2 FY26)
In its latest reported quarter, H2 FY26, Gujarat Hy-Spin's revenue was ₹46.1 Cr (-2.2% year on year, +26.1% on the previous half-year), and net profit ₹0.3 Cr (-10.3% year on year); the operating margin was 3.3%.
| H2 FY26 (₹ Cr) | Value | YoY vs H2 FY25 | vs prev. half |
|---|---|---|---|
| Revenue | ₹46.1 | -2.2% | +26.1% |
| Operating profit | ₹1.5 | +268.3% | +277.5% |
| Net profit | ₹0.3 | -10.3% | from loss |
| EPS (₹) | 0.21 | -8.7% | from loss |
| Operating margin | 3.3% | — | — |
📢 Recent Corporate Announcements
Gujarat Hy-Spin Limited's shareholders approved the appointments of promoter directors at the 16th AGM held on September 30, 2026. Maganlal Shambhubhai Parvadiya has been appointed as Managing Director and Chandubhai Shambhubhai Parvadiya as Whole-time Director, each for a tenure of 5 years effective August 31, 2026. Both are promoters who have served on the board since incorporation and are brothers. The business operates with tight financials, posting FY26 revenue of Rs 82.72 crore and net profit of Rs 0.05 crore.
- Shareholders approved the appointments at the 16th AGM on September 30, 2026
- Maganlal Shambhubhai Parvadiya appointed as MD for a 5-year tenure effective August 31, 2026
- Chandubhai Shambhubhai Parvadiya appointed as Whole-time Director for 5 years effective August 31, 2026
- Both directors are promoters with over 20-30 years of experience in the textile industry
Gujarat Hy-Spin Ltd has issued notice for its 16th Annual General Meeting (AGM) scheduled on September 30, 2026. Key special business items include appointing M/s. Finava & Associates as Statutory Auditors for a 5-year term following the casual vacancy from M/s. RPC & Co.'s resignation. Additionally, the company seeks shareholder approval to appoint Mr. Maganlal Shambhubhai Parvadiya as Managing Director and Mr. Chandubhai Shambhubhai Parvadiya as Whole-time Director, each for 5-year tenures effective August 31, 2026. The remote e-voting window runs from September 26 to September 29, 2026, with a voting cut-off date of September 25, 2026.
- 16th Annual General Meeting scheduled for September 30, 2026 at 11:00 AM
- Remote e-voting period from September 26, 2026 (9:00 AM) to September 29, 2026 (5:00 PM)
- Cut-off date for determining voting eligibility set as September 25, 2026
- Appointment of M/s. Finava & Associates as Statutory Auditors for 5 consecutive years until 2031
- 5-year management appointments proposed for Mr. Maganlal Parvadiya (MD) and Mr. Chandubhai Parvadiya (WTD) from August 31, 2026
Gujarat Hy-Spin Ltd has released its 16th Annual Report for FY2025-26 along with the AGM notice for September 30, 2026. For FY26, the company reported revenue from operations of ₹8,272.30 lakhs (₹82.72 crore), down 10.6% from ₹9,255.63 lakhs in FY25. Profit after tax decreased to ₹4.70 lakhs from ₹9.72 lakhs in the prior year, yielding an EPS of ₹0.03. The Board has not recommended any dividend for FY26 in order to retain earnings.
- 16th Annual General Meeting convened for 30th September 2026 at Gondal, Rajkot
- FY26 Revenue from Operations reported at ₹8,272.30 lakhs vs ₹9,255.63 lakhs in FY25
- Net Profit After Tax fell to ₹4.70 lakhs in FY26 compared to ₹9.72 lakhs in FY25
- No dividend recommended for FY2025-26
Gujarat Hy-Spin Ltd's Board approved the appointment of Maganlal Shambhubhai Parvadiya as Managing Director and Chandubhai Shambhubhai Parvadiya as Whole-time Director, each for a 5-year term starting August 31, 2026, subject to shareholder approval. The Board also appointed M/s Finava & Associates as Statutory Auditors to fill the casual vacancy caused by the resignation of M/s RPC & Co., recommending their tenure for 5 years until the 2031 AGM. The company scheduled its 16th AGM for September 30, 2026, with the voting cut-off date fixed for September 25, 2026.
- Maganlal Shambhubhai Parvadiya appointed as Managing Director for a 5-year term starting August 31, 2026
- Chandubhai Shambhubhai Parvadiya appointed as Whole-time Director for a 5-year term starting August 31, 2026
- M/s Finava & Associates appointed as Statutory Auditors to fill casual vacancy from resignation of M/s RPC & Co.
- 16th Annual General Meeting scheduled for Wednesday, September 30, 2026, at 11:00 AM
- Share transfer books and register of members closed from September 23 to September 30, 2026
Gujarat Hy-Spin Ltd has informed the exchange that a meeting of its Board of Directors is scheduled for August 31, 2026. The board will consider and approve the draft Director's Report and its annexures for the relevant financial year. In addition, the board will finalize the date, time, and venue for the Annual General Meeting (AGM) and address matters concerning statutory auditor M/s. RPC & Co. This is a standard corporate compliance procedure.
- Board of Directors meeting scheduled for Monday, August 31, 2026
- Agenda includes approval of draft Director's Report along with annexures
- Determination of date, time, and venue for the upcoming Annual General Meeting
- Consideration of matters related to Statutory Auditor M/s. RPC & Co., Chartered Accountants
M/s. RPC & Co., Chartered Accountants, has tendered its resignation as the Statutory Auditor of Gujarat Hy-Spin Limited with effect from August 22, 2026. The firm was originally appointed on May 13, 2024, for a five-year term scheduled to conclude at the 19th AGM in 2029. The auditor cited pre-occupancy in other assignments as the primary reason and confirmed there are no material concerns or undisclosed reasons. The company is initiating the process to fill the resulting casual vacancy through an upcoming board meeting.
- Resignation effective from August 22, 2026, ahead of scheduled term end in 2029 (19th AGM)
- Auditor originally appointed on May 13, 2024, to fill a casual vacancy and confirmed for 5 years at the 14th AGM
- Latest reporting completed was for the half year and full year ended March 31, 2026, submitted on May 29, 2026
- Auditor confirmed nil concerns and stated no lack of management information or cooperation
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