GKW Limited (GKWLIMITED)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, GKW's revenue was ₹14.9 Cr (+2.2% year on year), and net profit ₹10.8 Cr (-21.9% year on year); the operating margin was 84.0%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹14.9 | +2.2% | from loss |
| Operating profit | ₹12.5 | -0.2% | from loss |
| Net profit | ₹10.8 | -21.9% | from loss |
| EPS (₹) | 18.07 | -21.5% | from loss |
| Operating margin | 84.0% | — | — |
GKWLIMITED delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 100.0% of the GKWLIMITED shares traded on NSE were taken to delivery, against the stock's own 20-session average of 89.64%. That is close to its usual level. Turnover was under ₹1 lakh, so a handful of trades can move this figure.
Delivery in the last 5 sessions: 95.2% · 90.9% · 62.8% · 79.1% · 100.0%
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
GKW Limited has submitted the compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 30th September, 2026. The certificate was issued on 3rd October, 2026 by its Registrar and Share Transfer Agent, MUFG Intime India Private Limited. The document confirms that securities received for dematerialisation during the period were duly processed and cancelled within stipulated timelines. This filing is a regular statutory compliance requirement with no impact on business operations or financials.
- Compliance certificate submitted under Regulation 74(5) of SEBI Depositories Regulations, 2018
- Covers the quarter ended 30th September, 2026
- Issued by RTA MUFG Intime India Private Limited on 3rd October, 2026
- Filed with the National Stock Exchange on 6th October, 2026
GKW Limited has concluded its 96th Annual General Meeting (AGM) held on August 3, 2026, with shareholders approving all proposed resolutions with a 99.99% majority. The resolutions included the adoption of audited financial statements for the year ended March 31, 2026, and the re-appointment of Mr. Krishna Kumar Bangur as a Director. A total of 45,29,083 votes were cast, representing approximately 75.9% of the total equity capital, largely driven by the 75% promoter holding which voted entirely in favor.
- 99.9956% of total votes cast (45,28,885 votes) were in favor of both ordinary resolutions
- Total voter turnout represented 75.9% of the company's 59,66,500 total shares
- Promoter group cast 44,74,875 votes, accounting for 98.8% of the total votes polled
- 22,445 shareholders were eligible to vote as of the cut-off date of July 27, 2026
- Only 198 votes (0.0044%) were cast against the resolutions by public non-institutional shareholders
GKW Limited conducted its 96th Annual General Meeting (AGM) on August 3, 2026, to transact routine business including the adoption of FY26 financial statements. The company reported a net loss of ‹2.31 Cr for FY26 on a revenue of ‹32.09 Cr. Shareholders also considered the re-appointment of Mr. Krishna Kumar Bangur as a Director. The meeting was attended by 62 members via video conferencing, and the Chairman confirmed that the Auditor's Report contained no qualifications or adverse comments.
- 96th Annual General Meeting held on August 3, 2026, via Video Conferencing.
- Adoption of Audited Financial Statements for the fiscal year ended March 31, 2026.
- Proposal for the re-appointment of Mr. Krishna Kumar Bangur (DIN: 00029427) as Director.
- Remote e-voting was conducted between July 31, 2026, and August 2, 2026.
- A total of 62 members were present throughout the 38-minute meeting.
GKW Limited reported a Profit After Tax (PAT) of Rs 10.78 Cr for the quarter ended June 30, 2026, marking a recovery from the Rs 5.61 Cr loss in the preceding quarter (March 2026). Total income for the quarter was Rs 18.52 Cr, down 13.6% YoY from Rs 21.44 Cr in June 2025. The Investment and Treasury segment remains the primary driver, contributing Rs 11.36 Cr to revenue, while the Warehousing segment remained stable at Rs 3.52 Cr. A significant legal risk persists regarding a Rs 32.56 Cr stamp duty demand in Maharashtra, which is currently under appeal and remains unprovided for.
- Net Profit of Rs 10.78 Cr in Q1 FY27 vs a loss of Rs 5.61 Cr in Q4 FY26
- Investment and Treasury segment revenue of Rs 11.36 Cr, representing 61% of total income
- Pending legal dispute involving a Rs 32.56 Cr stamp duty demand, equivalent to ~102% of TTM revenue
- Warehousing segment revenue of Rs 3.52 Cr, showing a slight 7% decline YoY
- Total Comprehensive Income of Rs 9.35 Cr after accounting for losses on equity instruments
GKW Limited has announced its 96th Annual General Meeting (AGM) for August 3, 2026, to be held via video conferencing. The company is notifying shareholders of a change in its Registrar and Transfer Agent (RTA) to MUFG Intime India Private Ltd, following a merger effective May 8, 2026. Additionally, the filing emphasizes the SEBI mandate for physical shareholders to update PAN and KYC details to remain eligible for dividends and service requests. This is a procedural update with no direct impact on the company's financial operations.
- 96th Annual General Meeting scheduled for August 3, 2026, at 11:00 AM IST
- RTA change to MUFG Intime India Private Ltd effective from May 8, 2026
- Mandatory electronic-only payments for dividends/interest effective since April 1, 2024
- Company maintains a significant net worth of ₹2620 Cr against a market cap of ₹1038 Cr
- Annual Report for FY 2025-26 made available via a specific digital web-link
GKW Limited has issued the notice for its 96th Annual General Meeting (AGM) to be held on August 3, 2026, via video conferencing. The agenda includes the adoption of audited financial statements for the year ended March 31, 2026, and the re-appointment of Mr. Krishna Kumar Bangur as a Director. Shareholders as of the cut-off date of July 27, 2026, will be eligible to participate in remote e-voting from July 31 to August 2. The company also highlighted a special re-lodgement window for physical share transfers open until February 4, 2027.
- 96th Annual General Meeting scheduled for August 3, 2026, at 11:00 A.M. IST
- Cut-off date for e-voting eligibility is July 27, 2026
- Remote e-voting period starts July 31, 2026 (9:00 AM) and ends August 2, 2026 (5:00 PM)
- Special re-lodgement window for physical share transfers provided until February 4, 2027
- Company net worth of ‹2620 Cr significantly exceeds its TTM revenue of ‹32 Cr
GKW Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, provided by MUFG Intime India Private Limited, confirms that all share certificates received for dematerialization during the quarter ended June 30, 2026, were processed within the prescribed timelines. This process involves the verification, cancellation of physical certificates, and updating the register of members with the depository's name. This is a standard administrative filing required for all listed entities in India.
- Compliance certificate issued for the quarter ended June 30, 2026
- Certificate received from Registrar and Share Transfer Agent, MUFG Intime India Private Limited, dated July 1, 2026
- Confirmation that securities received for dematerialization are listed on the relevant stock exchanges
- Physical security certificates were mutilated and cancelled after due verification by the depository participant
GKW Limited has announced the closure of its trading window for all designated persons and their immediate relatives starting July 1, 2026. This action is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the declaration of the unaudited financial results for the quarter ending June 30, 2026. The window will remain closed until 48 hours after the results are officially announced. This is a standard regulatory procedure for listed companies to prevent insider trading before financial disclosures.
- Trading window closure effective from July 1, 2026.
- Closure pertains to the unaudited financial results for the quarter ending June 30, 2026.
- Restriction ends 48 hours after the official declaration of financial results.
- Compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.
GKW Limited has officially scheduled its 96th Annual General Meeting (AGM) for Monday, August 3, 2026, at 11:00 A.M. IST. The meeting will be conducted virtually through Video Conferencing or Other Audio-Visual Means. The company will provide the Annual Report for the financial year 2025-26 and the formal AGM notice to the stock exchange in due course. This disclosure is a standard regulatory requirement under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- 96th Annual General Meeting scheduled for August 3, 2026, at 11:00 A.M. IST.
- The meeting will be held via Video Conferencing (VC) or Other Audio-Visual Means (OAVM).
- Annual Report for the financial year 2025-26 to be released to exchanges in due course.
- Disclosure submitted in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015.
GKW Limited reported a significant net loss of ₹18.47 crore for FY26, a sharp decline from the ₹6.15 crore profit recorded in FY25. The loss was primarily driven by a surge in 'Other Expenses' to ₹28.69 crore, which included ₹18.26 crore spent on land-related dispute settlements and confirmations. Despite the operational loss, the company's Total Comprehensive Income soared to ₹212.92 crore due to a massive ₹221.27 crore surplus from the revaluation of freehold land. Investors should remain cautious of an ongoing ₹32.56 crore stamp duty dispute in Mumbai.
- Net Loss of ₹1,846.90 Lakhs in FY26 compared to a Net Profit of ₹615.30 Lakhs in FY25.
- Revenue from operations remained nearly flat at ₹3,209.38 Lakhs vs ₹3,278.00 Lakhs YoY.
- Other expenses spiked to ₹2,869.28 Lakhs, including ₹18.26 crore for land-related litigation avoidance.
- Total Comprehensive Income reached ₹21,292.20 Lakhs, driven by a land revaluation surplus of ₹22,127.41 Lakhs.
- Pending legal appeal against a ₹3,256.15 Lakhs stamp duty demand from the Collector of Stamps, Mumbai.
GKW Limited has informed shareholders that its existing Registrar and Share Transfer Agent (RTA), CB Management Services Private Limited, has amalgamated with MUFG Intime India Private Limited. This change is effective from May 8, 2026, following an order from the Regional Director (WR), Registrar of Companies, Mumbai. MUFG Intime India Private Limited will now handle all share-related services and investor grievances for the company. The company received official notification of this change on May 12, 2026.
- Amalgamation of CB Management Services Private Limited with MUFG Intime India Private Limited.
- Effective date of the RTA transition is May 8, 2026.
- New investor service email address established: investor.helpdesk@in.mpms.mufg.com.
- The change follows an order from the Regional Director (WR), Registrar of Companies, Mumbai.
GKW Limited has announced the closure of its trading window for all designated persons and their immediate relatives starting April 1, 2026. This action is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the company's financial reporting. The closure pertains to the audited financial results for the quarter and full financial year ending March 31, 2026. The window will remain closed until 48 hours after the results are officially declared to the stock exchanges.
- Trading window closure commences on April 1, 2026.
- Applies to audited financial results for the quarter and year ending March 31, 2026.
- Window to reopen 48 hours after the official declaration of financial results.
- Restriction applies to all Designated Persons and their immediate relatives as per company code.
GKW Limited reported a significant turnaround in Q3 FY26, posting a Net Profit of ₹508.07 Lakhs compared to a massive loss of ₹3,122.04 Lakhs in the same quarter last year. Revenue from operations rose to ₹1,016.26 Lakhs, largely supported by the Investment and Treasury segment which contributed ₹683.17 Lakhs. The company's financial health improved as it avoided the heavy one-time land-related dispute expenses that impacted previous periods. However, a major legal contingency remains regarding a ₹32.56 Crore stamp duty demand currently under appeal.
- Net Profit of ₹508.07 Lakhs in Q3 FY26 vs a Net Loss of ₹3,122.04 Lakhs in Q3 FY25.
- Revenue from operations increased to ₹1,016.26 Lakhs from ₹136.40 Lakhs YoY, aided by fair valuation gains.
- Investment and Treasury segment revenue stood at ₹683.17 Lakhs, while Warehousing contributed ₹333.09 Lakhs.
- Earnings Per Share (EPS) turned positive at ₹8.52 for the quarter compared to negative ₹52.31 YoY.
- Company is contesting a ₹3,256.16 Lakhs stamp duty demand related to Bhandup land in the Maharashtra State Court.
GKW Limited shareholders have approved the re-appointment of Mrs. Rusha Mitra as an Independent Woman Director for a second five-year term starting February 11, 2026. The special resolution was conducted via postal ballot and concluded on January 14, 2026, with a total of 4,529,105 votes cast. The proposal received overwhelming support, with 99.9996% of votes in favor and negligible opposition. This move ensures stability in the company's leadership and compliance with corporate governance norms.
- Special resolution passed for re-appointment of Mrs. Rusha Mitra for a 5-year term starting Feb 2026
- Total votes polled reached 4,529,105, representing approximately 75.91% of the total shareholding
- Overwhelming approval recorded with 4,529,086 votes (99.9996%) in favor of the resolution
- Promoter group and public institutions voted 100% in favor of the appointment
- Only 19 votes (0.0004%) were cast against the resolution by public non-institutional shareholders
GKW Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations for the period ending December 31, 2025. The certificate, issued by C B Management Services (P) Limited, confirms that securities received for dematerialization were processed within the mandated timelines. This filing verifies that physical share certificates were mutilated and cancelled after verification, and the depositories' names were substituted in the register of members. This is a standard procedural filing required by SEBI to ensure the integrity of the dematerialization process.
- Compliance certificate for the quarter ended December 31, 2025, submitted to the National Stock Exchange.
- Registrar and Share Transfer Agent, C B Management Services (P) Limited, confirmed adherence to SEBI timelines.
- Confirms that physical security certificates received for dematerialization were mutilated and cancelled.
- The name of the Depositories has been substituted in the Register of Members as the registered owner.
Financial Performance
Revenue Growth by Segment
Total revenue from operations for H1 FY26 was INR 25.43 Cr, representing a 5.1% growth YoY compared to INR 24.19 Cr in H1 FY25. The Warehousing segment grew 18.08% YoY (INR 7.09 Cr vs INR 6.00 Cr), while the Investment and Treasury segment grew 0.81% YoY (INR 18.34 Cr vs INR 18.19 Cr).
Profitability Margins
Net Profit Margin for H1 FY26 was -5.04% (Loss of INR 1.77 Cr on Total Income of INR 35.18 Cr). For Q2 FY26, the Net Profit Margin plummeted to -113.5% (Loss of INR 15.59 Cr on Total Income of INR 13.74 Cr) due to a 488% spike in other expenses.
EBITDA Margin
Operating Profit before Working Capital Changes for H1 FY26 was a loss of INR 9.69 Cr, resulting in an EBITDA margin of -27.5% of total income, compared to a loss of INR 0.81 Cr in H1 FY25.
Credit Rating & Borrowing
Finance costs surged by 4,962% YoY in H1 FY26 to INR 4.05 Cr from INR 0.08 Cr in H1 FY25, indicating a significant increase in borrowing costs or debt utilization.
Operational Drivers
Capacity Expansion
Current warehousing segment assets are valued at INR 660.55 Cr as of September 30, 2025. Specific capacity expansion plans in MT or units are not disclosed.
Strategic Growth
Growth Strategy
The company is focusing on its core warehousing operations, which saw an 18.08% revenue increase in H1 FY26. It is also leveraging a massive asset base of INR 3,212.09 Cr, including a significant freehold land bank revalued at a surplus of INR 221.27 Cr, to support treasury and investment income.
Products & Services
Warehousing services and Investment/Treasury operations (Mutual Funds and Bonds).
Brand Portfolio
GKW Limited.
External Factors
Industry Trends
The warehousing sector is showing strong demand with segment revenue growing 18.08% YoY. However, treasury operations remain subject to volatile interest rate and equity market shifts.
Competitive Moat
The company's primary moat is its massive asset base of INR 3,212.09 Cr, particularly its freehold land bank which recently generated a revaluation surplus of INR 221.27 Cr, providing significant financial stability and potential for future development.
Macro Economic Sensitivity
The company is highly sensitive to financial market fluctuations, as evidenced by the INR 4.02 Cr gain on fair valuation of mutual funds and bonds in H1 FY26, which was 58% lower than the INR 9.61 Cr gain in H1 FY25.
Regulatory & Governance
Taxation Policy Impact
The effective tax rate for H1 FY26 was approximately 151% (INR 5.23 Cr tax on INR 3.46 Cr PBT), driven by a high deferred tax expense of INR 4.02 Cr.
Risk Analysis
Key Uncertainties
High volatility in 'unallocable expenditure' (INR 15.39 Cr in H1 FY26) and market-linked treasury gains pose significant risks to consistent profitability.
Credit & Counterparty Risk
The company maintains an allowance for expected credit losses on bank balances of INR 0.86 Lakhs as of September 30, 2025.
