GOCL Corp Board Approves FY26 Dividend, Re-appoints CFO, Okays ₹300 Cr Loan Guarantee
GOCL Corporation approved FY26 audited results and recommended a ₹30 per share dividend. Mr. Ravi Jain was re-appointed Whole-Time Director & CFO. The company will provide a ₹300 crore loan guarantee for HEIL, a related party. Shareholders will vote via postal ballot. Net profit for FY26 was ₹1,62,194.70 lakhs.
The dividend payout, re-appointment of a key executive, and a significant corporate guarantee for a related party loan represent material decisions that can impact the company's financial health and strategic direction.
The company announced a significant dividend, re-appointment of a key executive, and approval for a substantial loan guarantee, all positive developments for stakeholders.
GOCL Corporation Limited announced that its Board of Directors, in a meeting held on May 29, 2026, approved the audited financial results for the fourth quarter and the financial year ended March 31, 2026. The company recommended a final dividend of ₹30 per share (1500%) for the financial year 2025-26, to be paid within thirty days of shareholder approval at the upcoming Annual General Meeting (AGM).
The Board also approved the re-appointment of Mr. Ravi Jain as Whole-Time Director & Chief Financial Officer for a tenure of one year, effective from July 4, 2026. Mr. Jain, a Chartered Accountant and Company Secretary, brings extensive experience in finance and operations from various top organizations.
Furthermore, the Board approved a proposal for GOCL to provide security on its land properties and a corporate guarantee for loans up to ₹300 crores to be availed by Hinduja Energy (India) Limited (HEIL), a holding company of Hinduja National Power Corporation Limited (HNPCL). Both HEIL and HNPCL are considered related parties, and shareholder approval will be sought for this material related party transaction. The Board also decided to take remedial actions for earlier related party transactions. Shareholder approval for the re-appointment of Mr. Jain and the HEIL loan guarantee will be sought via postal ballot. The Board meeting commenced at 3:40 p.m. and concluded around 6:30 p.m. The company's audited financial results for the quarter and year ended March 31, 2026, showed a net profit after tax of ₹7,614.67 lakhs for the quarter and ₹1,62,194.70 lakhs for the year.
Additionally, the Board ratified corporate guarantees extended to HNPCL (₹1,09,600 lakhs) and HEIL (₹22,000 lakhs) as of March 31, 2026. These were previously approved and disclosed but not processed as related party transactions, requiring retrospective shareholder approval. The company is initiating the process for post-facto shareholder approval and consulting with SEBI and other regulatory authorities. The company also noted that the merger of HNPCL into GOCL, approved in December 2025, is pending regulatory approvals.
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GOCL Corporation 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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