Golden Carpets Ltd (531928)

Golden Carpets Ltd announced its Q2 FY27 (quarter ended September 30, 2026) results, reporting revenue from operations of ₹26.05 lakh compared to ₹12.05 lakh in Q1 FY27 and ₹52.43 lakh in Q2 FY26. Net profit for the quarter stood at ₹2.35 lakh, improving sequentially from a net loss of ₹7.31 lakh in the previous quarter. For the half-year ended September 30, 2026, total revenue was ₹38.10 lakh with a net loss of ₹4.97 lakh. The company's net worth remains negative at -₹35.71 lakh as of September 30, 2026, due to accumulated reserves and surplus of -₹879.83 lakh.

• Q2 revenue from operations stood at ₹26.05 lakh vs ₹12.05 lakh in Q1 and ₹52.43 lakh in Q2 FY26
• Net profit for the quarter was ₹2.35 lakh against a net loss of ₹7.31 lakh in the previous quarter
• Half-year (H1) revenue reached ₹38.10 lakh with a net loss of ₹4.97 lakh
• Total equity/net worth stood at negative ₹35.71 lakh against an equity share capital of ₹844.12 lakh
• Cash and cash equivalents stood at ₹16.38 lakh as of September 30, 2026

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

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

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

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.

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.

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.