Gloster Limited Board Approves Q2 FY26 Results and Modified Amalgamation Scheme
Gloster Limited's Board approved Q2 FY26 standalone and consolidated financial results, showing significant consolidated income and profit growth. A modified amalgamation scheme was also approved. Judgment is reserved in the 'Gloster' trademark litigation.
The announcement includes the approval of significant quarterly financial results, particularly the consolidated results which demonstrate a substantial turnaround in profitability. This, combined with the approval of a corporate amalgamation scheme, indicates material operational and structural changes that are likely to have a high impact on the company's future performance and shareholder value.
The company reported strong consolidated financial results for Q2 FY26, with a significant increase in total income and a turnaround from a consolidated loss to a profit compared to the previous year. Additionally, the Board approved a modified scheme of amalgamation, and the Supreme Court has reserved judgment in the trademark litigation, indicating progress towards resolution.
Gloster Limited's Board of Directors met on November 12, 2025, and approved the following: * Unaudited Standalone and Consolidated Financial Results for the quarter ended September 30, 2025. * A modified scheme of amalgamation for Gloster Lifestyle Limited and Gloster Specialities Limited (both wholly-owned subsidiaries) with Gloster Limited. This scheme was originally approved on November 13, 2024.
Key financial highlights for the quarter ended September 30, 2025: * Standalone Results: * Total Income: ₹21,534.72 lakhs * Profit before Tax: ₹1,013.64 lakhs * Profit for the period: ₹762.16 lakhs * Basic Earnings Per Share (EPS): ₹6.96 * Consolidated Results: * Total Income: ₹36,229.09 lakhs * Profit before Tax: ₹1,039.07 lakhs (compared to ₹36.54 lakhs in Q2 FY25) * Profit for the period: ₹767.28 lakhs (compared to a loss of ₹340.67 lakhs in Q2 FY25) * Basic EPS: ₹7.01 (compared to ₹(3.11) in Q2 FY25) * Segment Revenue: Jute Goods contributed ₹26,108.65 lakhs and Cables & Other Electrical Products contributed ₹9,902.16 lakhs.
Regarding other matters: * The Hon'ble Supreme Court of India has reserved judgment on October 8, 2025, concerning the appeal filed by Gloster Limited related to the Trademark 'Gloster' (valued at ₹1,140.27 lakhs) of its subsidiary, Fort Gloster Industries Limited. The Supreme Court had previously stayed the NCLAT order dated January 25, 2024. * The company's management, supported by independent accounting experts, maintains its stance on recognizing revenue on a gross basis for a material subsidiary's contract, despite a modified conclusion from predecessor auditors for the quarter ended June 30, 2025.
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Gloster Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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