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Gillanders Arbuthnot & Company Limited (GILLANDERS)

₹106.70 +2.83% last close, 16 Oct

📊 NSE: GILLANDERS 🏢 Diversified - Medium / Small 📢 Latest filing: 21 Sep 2026 📝 Analysis written: 13 Dec 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Gillanders Arbuthnot's revenue was ₹91.3 Cr (+3.3% year on year, -11.7% on the previous quarter), and net profit ₹2.5 Cr (against a loss a year earlier); the operating margin was 7.0%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹91.3	+3.3%	-11.7%
Operating profit	₹6.4	from loss	from loss
Net profit	₹2.5	from loss	from loss
EPS (₹)	1.18	from loss	from loss
Operating margin	7.0%	—	—

Full quarterly financials → Results calendar →

GILLANDERS delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 88.0% of the GILLANDERS shares traded on NSE were taken to delivery, against the stock's own 20-session average of 76.22%. That is close to its usual level. Turnover was only ₹8 lakh, so a handful of trades can move this figure.

88.0%Delivery, 16 Oct

76.22%Own 20-session average

0.6×Volume vs its average

₹106.70NSE close · +2.83%

Delivery in the last 5 sessions: 88.3% · 36.8% · 90.0% · 64.4% · 88.0%

Delivery across the market →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

Gillanders Arbuthnot Trading Window to Close on October 1, 2026 for Q2/H1 FY27 Results

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 21 Sep 2026, 11:17 AM

Gillanders Arbuthnot and Company Limited has informed the stock exchanges that its trading window for designated persons will close on October 1, 2026. The closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations for reviewing the unaudited standalone and consolidated financial results for the quarter and half-year ending September 30, 2026. The window will remain shut until 48 hours after the financial results are formally announced. The exact date of the board meeting will be communicated later.

Trading window closes on 1st October, 2026
Covers financial results for the quarter and half-year ending 30th September, 2026
Window reopens 48 hours after the declaration of financial results
Applies to Designated Persons and their immediate relatives

💡 Track the upcoming board meeting date announcement to know when Q2 and H1 FY27 financial results will be declared.

Gillanders Q1 Results: Turnaround to ₹3.54 Cr Profit vs ₹4.09 Cr Loss YoY

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 07 Aug 2026, 01:05 PM

Gillanders Arbuthnot reported a significant turnaround in Q1 FY27, posting a net profit of ₹3.54 Cr compared to a net loss of ₹4.09 Cr in the year-ago period. Revenue from operations grew 4% YoY to ₹81.21 Cr, driven by improved performance in the Tea and Engineering segments. The company successfully reduced total expenses to ₹78.86 Cr from ₹83.56 Cr YoY, despite the revenue growth. Additionally, the company has opted for the New Tax Regime (22% rate) effective April 1, 2026.

Net Profit of ₹3.54 Cr in Q1 FY27 vs a loss of ₹4.09 Cr in Q1 FY26
Tea segment revenue increased 16% YoY to ₹33.21 Cr
Engineering (MICCO) division turned profitable with a segment result of ₹1.46 Cr vs a loss of ₹1.42 Cr YoY
Total expenses decreased by 5.6% YoY to ₹78.86 Cr
Company transitioned to the New Tax Regime with a lower base rate of 22% plus surcharge

💡 Watch for the sustainability of Tea segment margins in the coming quarters, as the industry is seasonal, and monitor the execution pace of the Engineering (MICCO) division's order book.

Gillanders Submits Quarterly Share Dematerialization Compliance Certificate for June 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 06 Jul 2026, 10:37 AM

Gillanders Arbuthnot & Company Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The document, issued by the Registrar & Share Transfer Agent (RTA) Maheshwari Datamatics Pvt. Ltd., confirms that share certificates received for dematerialization during the quarter ended June 30, 2026, have been processed. This involves the cancellation of physical certificates and updating the name of depositories in the company's records. This is a standard procedural filing required for all listed entities in India.

Compliance certificate covers the quarter ended June 30, 2026
Issued by Registrar & Share Transfer Agent Maheshwari Datamatics Pvt. Ltd.
Confirms that physical share certificates were mutilated and cancelled after dematerialization
Filing submitted to NSE and BSE on July 6, 2026

💡 No action is required as this is a routine administrative filing. Investors should monitor the company's upcoming quarterly financial results for material performance updates.

92nd AGM: Shareholders Approve 7.75% Preference Dividend for FY19 and FY20

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 03 Jul 2026, 06:20 PM

Gillanders Arbuthnot & Company Limited held its 92nd Annual General Meeting on July 3, 2026, where all four proposed resolutions were passed with a requisite majority. A key outcome was the approval of dividend payments on the 7.75% Cumulative Redeemable Preference Shares (CRPS) for the historical financial years 2018-19 and 2019-20. The voting saw a 69.07% turnout of total voting power, with over 99.98% of votes cast in favor of all resolutions, including the adoption of FY26 financial statements and the re-appointment of Director Smt. Prabhawati Devi Kothari.

Approval of 7.75% dividend on Cumulative Redeemable Preference Shares for FY 2018-19 and FY 2019-20
Total of 1,47,41,147 votes polled, representing 69.07% of the total outstanding shares
Resolution for adoption of FY26 financial statements passed with 99.99% assent (1,47,39,444 votes)
Re-appointment of Director Smt. Prabhawati Devi Kothari approved with 99.99% assent
Remote e-voting conducted between June 30, 2026, and July 2, 2026, with 117 shareholders participating

💡 Investors should note the clearance of historical preference dividend obligations, which is a prerequisite for any future equity dividends. Monitor the cash flow impact of these payments in the upcoming quarterly results.

92nd AGM: Gillanders to Clear Preference Dividends for FY 2018-19 and 2019-20

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 03 Jul 2026, 12:34 PM

Gillanders Arbuthnot & Company Limited conducted its 92nd Annual General Meeting on July 3, 2026. Shareholders considered the adoption of FY26 financial statements and the re-appointment of Smt. Prabhawati Devi Kothari as Director. A significant resolution involved the approval of 7.75% dividends on Cumulative Redeemable Preference Shares (CRPS) for the years 2018-19 and 2019-20, indicating a move to clear historical arrears. The company's engineering division (MICCO) remains a key focus with a previously reported order book of ₹240 Cr.

92nd Annual General Meeting successfully convened on July 3, 2026, via video conferencing.
Proposed payment of 7.75% dividend on Cumulative Redeemable Preference Shares for FY 2018-19 and FY 2019-20.
Engineering division (MICCO) maintains a reported order book of ₹240 Cr as of June 30, 2025.
Voting results and Scrutinizer's Report to be submitted within two working days of the meeting.
Statutory and Secretarial Auditors' Reports were presented with no qualifications or adverse remarks.

💡 Investors should watch for the Scrutinizer's report to confirm the passing of resolutions and monitor the company's progress in clearing preference dividend arrears, which is a prerequisite for future equity dividends.

Gillanders Arbuthnot to Close Trading Window from July 1, 2026, for Q1 Results

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 22 Jun 2026, 11:34 AM

Gillanders Arbuthnot & Company Limited has announced the closure of its trading window for designated persons starting July 1, 2026. This closure is in compliance with SEBI Insider Trading Regulations for the upcoming Unaudited Standalone and Consolidated Financial Results for the quarter ending June 30, 2026. The window will remain closed until 48 hours after the financial results are officially announced to the stock exchanges. The specific date for the Board Meeting to approve these results will be communicated at a later date.

Trading window closure effective from July 1, 2026, for the Q1 period ending June 30, 2026.
Applies to all Designated Persons and their immediate relatives as per the Company's Code of Conduct.
Window to reopen 48 hours after the announcement of Unaudited Standalone and Consolidated Financial Results.
Board meeting date for result approval is yet to be determined and will be intimated in due course.

💡 No action is required as this is a routine regulatory compliance filing. Investors should wait for the announcement of the Board Meeting date to assess the company's Q1 performance.

Gillanders Arbuthnot Dispatches FY26 Annual Report Web-Link; 92nd AGM Set for July 3, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 12 Jun 2026, 10:16 AM

Gillanders Arbuthnot & Company Limited has completed the dispatch of physical letters to shareholders without registered email addresses, providing the web-link to the FY 2025-26 Annual Report. The company has scheduled its 92nd Annual General Meeting (AGM) for July 3, 2026, at 10:00 AM IST via video conferencing. This action is in compliance with SEBI Regulation 36(1)(b) regarding information dissemination. Shareholders are also being urged to register their email addresses with the Registrar and Share Transfer Agent, Maheshwari Datamatics Pvt. Ltd., for future digital communications.

92nd Annual General Meeting scheduled for July 3, 2026, at 10:00 AM IST via video conferencing.
Dispatch of letters containing the FY 2025-26 Annual Report web-link completed on June 12, 2026.
Compliance with SEBI Regulation 36(1)(b) for shareholders without registered email IDs.
Annual Report and AGM notice made available on the company's official website.

💡 Shareholders should access the Annual Report via the provided web-link to review the company's financial performance for FY 2025-26 ahead of the AGM on July 3, 2026.

Gillanders Arbuthnot to Hold 92nd AGM on July 3, 2026; Proposes Preference Dividend Payment

🟢 POSITIVE ⭐ 6/10

DIVIDEND 📅 09 Jun 2026, 01:08 PM

Gillanders Arbuthnot & Company Limited has announced its 92nd Annual General Meeting (AGM) scheduled for Friday, July 3, 2026, via Video Conferencing. A key item on the ordinary business agenda is the declaration and approval of dividend payments on the company's 7.75% Cumulative Redeemable Preference Shares (CRPS) for the financial years 2018-19 and 2019-20. The register of members and share transfer books will remain closed from June 27, 2026, to July 3, 2026, to determine eligibility. The cut-off date for remote e-voting and dividend eligibility is set for Friday, June 26, 2026.

92nd Annual General Meeting scheduled for Friday, July 3, 2026, at 10:00 A.M. IST via VC/OAVM.
Proposal to declare and approve dividend payments on 7.75% Cumulative Redeemable Preference Shares for FY 2018-19 and FY 2019-20.
The cut-off date for determining dividend eligibility and remote e-voting is Friday, June 26, 2026.
Share transfer books and register of members will be closed from June 27, 2026, to July 3, 2026.
Remote e-voting period begins on June 30, 2026, at 9:00 A.M. and concludes on July 2, 2026, at 5:00 P.M.

💡 Preference shareholders should ensure their holdings are updated by the June 26, 2026 cut-off date to qualify for the pending FY 2018-19 and FY 2019-20 dividends. Equity investors should monitor the AGM outcomes for any further updates on business performance and future outlook.

Gillanders Arbuthnot Approves FY26 Results and Recommends Preference Dividends

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 11 May 2026, 07:23 PM

Gillanders Arbuthnot & Company Limited has approved its audited financial results for the quarter and year ended March 31, 2026. Notably, the Board has recommended the payment of dividends on 7.75% Cumulative Redeemable Preference Shares for the financial years 2018-19 and 2019-20, addressing long-standing obligations. The Engineering (MICCO) division showed steady performance with an annual revenue of Rs. 10,250.48 lakhs and a net profit of Rs. 723.50 lakhs. The company also corrected a typographical error in its consolidated cash flow statement and appointed new cost auditors for the next fiscal year.

Recommended 7.75% dividend on Cumulative Redeemable Preference Shares for FY 2018-19 and 2019-20.
Engineering (MICCO) Division reported FY26 revenue of Rs. 10,250.48 lakhs and net profit of Rs. 723.50 lakhs.
Engineering (MICCO) Division assets stood at Rs. 13,793.95 lakhs as of March 31, 2026.
Fixed June 26, 2026, as the record date for preference dividend eligibility.
Appointed M/s B. Ray & Associates as Cost Auditors for the financial year ending March 31, 2027.

💡 Investors should view the clearance of past preference dividends as a positive sign of improving cash flow and financial discipline. Monitor the full annual report to assess the growth trajectory of the Engineering division and overall consolidated margins.

Gillanders Arbuthnot Sets June 26 as Record Date for Preference Dividend and AGM

🟢 POSITIVE ⭐ 7/10

DIVIDEND 📅 11 May 2026, 02:54 PM

Gillanders Arbuthnot & Company has recommended the payment of dividends on its 7.75% Cumulative Redeemable Preference Shares for the financial years 2018-19 and 2019-20. The company has fixed June 26, 2026, as the record date for dividend eligibility and AGM voting. For the fiscal year ended March 31, 2026, the company's Engineering (MICCO) division reported a revenue of Rs. 10,250.48 lakhs and a net profit of Rs. 723.50 lakhs. The 92nd Annual General Meeting is scheduled for July 3, 2026.

Recommended dividend on 7.75% Cumulative Redeemable Preference Shares for FY 2018-19 and FY 2019-20.
Fixed June 26, 2026, as the Record Date for dividend payment and AGM voting eligibility.
Engineering (MICCO) division reported FY26 total revenue of Rs. 10,250.48 lakhs and net profit of Rs. 723.50 lakhs.
92nd Annual General Meeting (AGM) to be held on July 3, 2026, via video conferencing.
Appointed M/s B. Ray & Associates as Cost Auditors for the financial year ending March 31, 2027.

💡 Preference shareholders should ensure their holdings are updated by the June 26 record date to receive the multi-year pending dividends. Equity investors should review the full audited financial statements to assess the recovery in other business segments beyond the Engineering division.

Gillanders Arbuthnot Reports FY26 Results; Clears Preference Dividend Arrears for FY19 & FY20

🟡 NEUTRAL ⭐ 6/10

EARNINGS 📅 11 May 2026, 02:41 PM

Gillanders Arbuthnot & Company has approved its audited financial results for the fiscal year ended March 31, 2026. A significant development is the board's recommendation to pay dividends on 7.75% Cumulative Redeemable Preference Shares for the overdue periods of FY 2018-19 and 2019-20. The company's Engineering (MICCO) division reported an annual revenue of ₹102.50 crore and a net profit of ₹7.24 crore. The 92nd AGM is scheduled for July 3, 2026, with a record date of June 26, 2026, for the preference dividend.

Engineering (MICCO) division reported FY26 revenue of ₹10,250.48 lakhs and net profit of ₹723.50 lakhs.
Board recommended 7.75% dividend on Cumulative Redeemable Preference Shares for FY 2018-19 and 2019-20.
Record date for preference dividend and AGM voting eligibility set for June 26, 2026.
M/s B. Ray & Associates appointed as Cost Auditor for the financial year ending March 31, 2027.
The 92nd Annual General Meeting (AGM) to be held on July 3, 2026, via Video Conferencing.

💡 Equity investors should note that the company is prioritizing clearing preference dividend arrears from previous years; monitor the Engineering division's performance as it is a major profit contributor.

Gillanders Arbuthnot Submits Annual Promoter Share Encumbrance Disclosure for FY26

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 09 Apr 2026, 05:49 PM

Gillanders Arbuthnot & Company Limited has submitted its annual disclosure under Regulation 31(4) of the SEBI (SAST) Regulations for the financial year ended March 31, 2026. The filing confirms that the Promoter and Promoter Group, including Persons Acting in Concert (PAC), have declared their shareholding status regarding encumbrances. This is a mandatory annual transparency requirement to inform the exchange about any pledges or liens on promoter shares. The submission indicates compliance with regulatory norms for the reporting period.

Disclosure submitted under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Covers the financial year ended March 31, 2026.
Includes declarations from the Promoter Group and Persons Acting in Concert (PAC).
Confirms the status of direct or indirect share encumbrances held by the promoters.

💡 No immediate action is required as this is a routine regulatory filing. Investors should monitor the detailed disclosure if they track promoter pledge levels as a risk metric.

Gillanders Arbuthnot Receives Annual Promoter Share Encumbrance Disclosure

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 08 Apr 2026, 11:52 AM

Kothari Investment & Industries Private Limited, a promoter entity of Gillanders Arbuthnot & Company Limited, has submitted its annual disclosure under Regulation 31(4) of the SEBI (SAST) Regulations. The disclosure confirms that the promoter, along with persons acting in concert, has not made any encumbrance on their shareholding, directly or indirectly, during the financial year, other than those already disclosed. This is a routine compliance filing required by SEBI to ensure transparency in promoter shareholding. It provides assurance to the market that there are no hidden pledges on the promoter's stake.

Disclosure submitted under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Filed by Kothari Investment & Industries Private Limited on behalf of the promoter group.
Confirms no new or undisclosed encumbrances were created on promoter shares during the financial year.
Standard annual compliance requirement for all listed Indian companies.

💡 This is a routine regulatory filing with no impact on company fundamentals; investors should continue to monitor quarterly financial performance.

Gillanders Arbuthnot Receives ₹1.25 Crore Income Tax Demand Notice

🟡 NEUTRAL ⭐ 4/10

REGULATORY 📅 30 Mar 2026, 02:53 PM

Gillanders Arbuthnot & Company Limited has received a demand notice of ₹1,24,85,560 from the Income Tax Department for the Assessment Year 2017-18. The notice, issued under Section 156 of the Income Tax Act, 1961, represents a potential financial liability that the company is currently contesting. Management has stated that the demand is not tenable and they are in the process of filing an appeal. The company does not expect any material impact on its operations or financials at this stage.

Received a tax demand notice totaling ₹1,24,85,560 for Assessment Year 2017-18.
The demand was issued by the Assessment Unit of the Income Tax Department under Section 156.
Company is evaluating the matter to file an appropriate response or appeal within prescribed timelines.
Management believes the demand is not tenable and expects no material financial outflow.

💡 Investors should view this as a routine tax litigation matter; the amount is relatively small and unlikely to impact the company's long-term fundamentals. No immediate action is required, but one should monitor for any future updates regarding the appeal outcome.

Gillanders Arbuthnot to Close Trading Window from April 1, 2026, for FY26 Results

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 23 Mar 2026, 11:50 AM

Gillanders Arbuthnot & Company Limited has announced the closure of its trading window for designated persons starting April 1, 2026. This action is a mandatory regulatory requirement under SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the company's financial results. The closure pertains to the audited standalone and consolidated financial results for the quarter and full financial year ending March 31, 2026. The trading window will remain closed until 48 hours after the results are officially disclosed to the stock exchanges.

Trading window closure for designated persons starts on April 1, 2026.
Closure is in anticipation of the Audited Standalone and Consolidated Financial Results for Q4 and FY 2025-26.
The window will reopen 48 hours after the financial results are announced to the BSE and NSE.
The specific date for the Board of Directors meeting to approve the results will be notified separately.

💡 This is a routine regulatory announcement and does not impact the company's fundamentals. Investors should monitor the upcoming board meeting date for the actual financial performance disclosure.

View All GILLANDERS Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Total operating income grew 25% YoY to INR 412.27 Cr in FY25. The Engineering division (MICCO) recorded 127% YoY growth in H1FY25, increasing its revenue share to 32% in FY25 from a historical 7-12%. Tea and Textile segments saw their combined revenue share decline to 66% in FY25 from 80-90% historically.

Profitability Margins

PBILDT margin improved to 4.74% in FY25 from -0.31% in FY24. PAT margin improved to 3.65% in FY25 from -5.01% in FY24. Tea segment PBIT margin improved to 18.83% in H1FY25 from 13.46% in H1FY24.

EBITDA Margin

PBILDT margin was 4.74% in FY25, representing a significant recovery from an operating loss in FY24. H1FY25 PBILDT margin reached 11.82% due to higher tea prices.

Capital Expenditure

No major capital expenditure is currently planned. Total debt was reduced from INR 300.92 Cr in 2020 to INR 88.70 Cr by March 2024 through asset sales and internal accruals.

Credit Rating & Borrowing

CARE BBB; Stable / CARE A3 (Reaffirmed in October 2025). Interest coverage ratio significantly improved to 5.66x in H1FY25 from -0.11x in FY24.

⚙️ Operational Drivers

Raw Materials

Tea leaves (for tea division) and textile fibers/yarn (for textile division), both subject to commodity price volatility.

Capacity Expansion

Current capacity not specified in MT; however, the company recently reduced capacity by selling its Akbarpur textile unit and Tengapani Tea Estate to deleverage the balance sheet.

Raw Material Costs

Raw material costs are subject to commodity price volatility and vagaries of nature; tea production costs were impacted by inclement weather in FY25.

Manufacturing Efficiency

Engineering division reported healthy operating margins of 7-8% in FY25 due to efficient execution of existing orders.

📈 Strategic Growth

Expected Growth Rate

15%

Growth Strategy

Growth is driven by the Engineering division (MICCO), which has a healthy order book of INR 240 Cr as of June 30, 2025. The company is strategically shifting its revenue mix toward engineering and property leasing to reduce exposure to the volatile tea and textile markets.

Products & Services

Tea, textile yarn and fabrics, engineering products and services (MICCO), and rental space in Gillander House.

Brand Portfolio

Gillander House, MICCO.

Strategic Alliances

Part of the G.D. Kothari group, providing financial flexibility and access to group-level financing.

🌍 External Factors

Industry Trends

The tea industry is currently benefiting from price increases due to supply shortages, while the textile industry faces demand headwinds. The company is positioning itself toward infrastructure-linked engineering growth.

Competitive Landscape

Operates in highly fragmented and competitive markets for tea and textiles, with engineering being a more order-book-driven segment.

Competitive Moat

Moat is derived from a highly diversified revenue profile and an 80-year operational track record under the G.D. Kothari group, which provides a buffer against segment-specific downturns.

Macro Economic Sensitivity

Highly sensitive to agricultural weather patterns (impacting tea) and global commodity price cycles (impacting textiles).

Consumer Behavior

Reduced demand for textile products has recently forced the company to accept lower realizations, impacting division profitability.

⚖️ Regulatory & Governance

Industry Regulations

Operations are subject to Government policies on tea and textiles, labor-intensive industry regulations, and the Sexual Harassment of Women at Workplace Act.