| Scrip Code | 542351 |
|---|---|
| NSE Symbol | GLOSTERLTD |
| MSEI Symbol | NOTLISTED |
| ISIN | INE350Z01018 |
| Name of company | GLOSTER LIMITED |
| Type of company | Main Board |
| Class of security | Equity |
| Date of start of financial year | 01-04-2025 |
| Date of end of financial year | 31-03-2026 |
| Date of board meeting when results were approved | 04-02-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 28-01-2026 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | Third quarter |
| Nature of report standalone or consolidated | Consolidated |
| Whether results are audited or unaudited for the quarter ended | Unaudited |
| Whether results are audited or unaudited for the Year to date for current period ended/year ended | Audited |
| Segment Reporting | Multi segment |
| Description of single segment | |
| Start date and time of board meeting | 04-02-2026 11:00:00 |
| End date and time of board meeting | 04-02-2026 15:00:00 |
| Whether cash flow statement is applicable on company | |
| Type of cash flow statement | |
| Declaration of unmodified opinion or statement on impact of audit qualification | Not applicable |
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-10-2025 | 01-04-2025 |
| B | Date of end of reporting period | 31-12-2025 | 31-12-2025 |
| C | Whether results are audited or unaudited | Unaudited | Audited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| 1 | Income | ||
| Revenue from operations | 38,258.87 | 1,04,832.91 | |
| Other income | 252.70 | 1,003.46 | |
| Total income | 38,511.57 | 1,05,836.37 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 20,952.17 | 52,619.26 |
| (b) | Purchases of stock-in-trade | 3,964.08 | 12,830.10 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | (2,038.72) | (3,624.84) |
| (d) | Employee benefit expense | 4,135.25 | 11,765.97 |
| (e) | Finance costs | 2,025.25 | 5,244.83 |
| (f) | Depreciation, depletion and amortisation expense | 1,516.69 | 4,437.75 |
| (f) | Other Expenses | ||
| 1 | Other Expenses | 7,560.35 | 20,600.52 |
| Total other expenses | 7,560.35 | 20,600.52 | |
| Total expenses | 38,115.07 | 1,03,873.59 | |
| 3 | Total profit before exceptional items and tax | 396.50 | 1,962.78 |
| 4 | Exceptional items | 0.00 | 0.00 |
| 5 | Total profit before tax | 396.50 | 1,962.78 |
| 6 | Tax expense | ||
| 7 | Current tax | 573.61 | 1,341.10 |
| 8 | Deferred tax | (102.74) | (371.40) |
| 9 | Total tax expenses | 470.87 | 969.70 |
| 10 | Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement | 0.00 | 0.00 |
| 11 | Net Profit Loss for the period from continuing operations | (74.37) | 993.08 |
| 12 | Profit (loss) from discontinued operations before tax | 0.00 | 0.00 |
| 13 | Tax expense of discontinued operations | 0.00 | 0.00 |
| 14 | Net profit (loss) from discontinued operation after tax | 0.00 | 0.00 |
| 15 | Share of profit (loss) of associates and joint ventures accounted for using equity method | 0.00 | 0.00 |
| 16 | Total profit (loss) for period | (74.37) | 993.08 |
| 17 | Other comprehensive income net of taxes | (58.89) | 867.93 |
| 18 | Total Comprehensive Income for the period | (133.26) | 1,861.01 |
| 19 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | 0.00 | 0.00 | |
| Total profit or loss, attributable to non-controlling interests | 0.00 | 0.00 | |
| 20 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | 0.00 | 0.00 | |
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | 0.00 | 0.00 | |
| 21 | Details of equity share capital | ||
| Paid-up equity share capital | 1,094.33 | 1,094.33 | |
| Face value of equity share capital | 10 | 10 | |
| 27 | Details of debt securities | ||
| 22 | Reserves excluding revaluation reserve | ||
| 23 | Earnings per share | ||
| i | Earnings per equity share for continuing operations | ||
| Basic earnings (loss) per share from continuing operations | -0.68 | 9.07 | |
| Diluted earnings (loss) per share from continuing operations | -0.68 | 9.07 | |
| ii | Earnings per equity share for discontinued operations | ||
| Basic earnings (loss) per share from discontinued operations | 0 | 0 | |
| Diluted earnings (loss) per share from discontinued operations | 0 | 0 | |
| ii | Earnings per equity share | ||
| Basic earnings (loss) per share from continuing and discontinued operations | -0.68 | 9.07 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | -0.68 | 9.07 | |
| 24 | Debt equity ratio | 0 | 0 |
| 25 | Debt service coverage ratio | 0 | 0 |
| 26 | Interest service coverage ratio | 0 | 0 |
| 27 | Disclosure of notes on financial results | Textual Information(1) | |
| Textual Information(1) | Notes: 1. The consolidated financial results include the results of Gloster Limited (the Holding Company) and its wholly owned subsidiary companies namely Gloster Lifestyle Limited, Gloster Specialities Limited, Gloster Nuvo Limited, Fort Gloster Industries Limited and Network Industries Limited (the Holding Company and its subsidiaries hereinafter referred to as the Group). 2. The above consolidated financial results have been reviewed by the Audit Committee and were approved by the Board of Directors at their respective meetings held on 4th February, 2026. 3. The Statutory Auditors of the Holding Company have carried out a 'Limited Review' of the consolidated financial results for the quarter and nine months ended 31st December, 2025, in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. 4. On a review of all the relevant aspects including, in particular, the system of internal financial reporting to the Board of Directors, which is the Chief Operating Decision Maker ('CODM') and considering the economic characteristics of the operations, the Group is of the view that it operates in two business segments 'Jute Goods' and 'Cables & Other Electrical Products'. Cables & Other Electrical Products business represents the operations of the subsidiary Company - Fort Gloster Industries Limited, which started its operations in the quarter ended 30th June, 2024. 5. The Hon’ble National Company Law Tribunal (NCLT), vide its order dated 27 September 2019, held that the trademark “Gloster” (included in the carrying value of trademarks as at 31 December 2025 amounting to Rs. 1,123.63 lakhs) is an asset of Fort Gloster Industries Limited, a subsidiary of the Holding Company. This order was set aside by the Hon’ble National Company Law Appellate Tribunal (NCLAT) vide its order dated 25 January 2024.Subsequently, the Hon’ble Supreme Court of India, vide its order dated 22 January 2026 disposed of the appeals and held that neither the NCLT nor NCLAT have jurisdiction to adjudicate over the said matter and that the parties may litigate upon the matter in any other court. At the same time, the Supreme Court did not disturb the position, that the trademark “Gloster” is owned by Fort Gloster Industries Limited.The Subsidiary and the Holding Company are taking necessary legal recourse in the matter. Accordingly, no adjustment in the financial results has been considered necessary in this regard. 6. The predecessor Statutory Auditors of the Holding Company have issued a modified conclusion vide their report dated August 8, 2025 on Consolidated Financial Results of the Group for the quarter ended June 30, 2025. This modified conclusion pertains to the difference in view on the basis of revenue recognition adopted by the material subsidiary in relation to a contract with a customer which in view of the predecessor auditor, the material subsidiary is only arranging for those goods and services to be provided by the vendors to the customer and is accordingly not acting as a ‘Principal’ and should have recognised revenue on a net basis under the principles of Ind AS 115, Revenue from contracts with customers. Subsequently, the Board of Directors of the Holding Company and its material subsidiary has taken opinion of independent accounting experts who have affirmed that the material subsidiary is acting as a ‘Principal’ for both goods and services in respect of the aforesaid contract with customer as per the relevant provisions of Ind AS 115. In view of the above, revenue in respect of the aforesaid contract for both goods and services continues to be recognised on gross basis which in the opinion of the management is in compliance with the applicable accounting standards. 7. The Board of Directors of Gloster Limited (Transferee Company) had at its meeting held on 13th November, 2024, approved the Scheme of amalgamation of Gloster Lifestyle Limited and Gloster Specialities Limited (Transferor Companies) both wholly owned subsidiaries of the Transferee Company with the Transfee Company, subject to necessary approvals. Subsequently modified scheme of amalgamation was approved by the transferee company at its Board Meeting held on 12th November, 2025. 8. The Government of India has consolidated 29 existing labour legislations into a united framework comprising four Labour Code viz Code on wages 2019, Code on Social Security 2020, Industrial Relation Code 2020, and Occupational Safety, Health and Working Condition Code 2020 (collectively referred to as the New Labour Codes). These Codes have been made effective from 21st November, 2025. The corresponding all supporting rules under these codes are yet to be notified. The Holding Company and its subsidiaries has reviewed the the impact of the New Labour Code for its own employees based on the best available information and does not envisage any material incremental liability on account of the same. Further, the Goup is in the process of evaluating other possible impacts including for contract workforce and would provide appropriate accounting impact (if any) during the year ended 31st March,2026. By Order of the Board Hemant Bangur Executive Chairman Place: Kolkata Dated: 04th February, 2026 |
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| Debt equity ratio | |
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| Debt service coverage ratio | |
| Interest service coverage ratio |
| Particulars | 3 months/ 6 month ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |||||
|---|---|---|---|---|---|---|---|
| Date of start of reporting period | 01-10-2025 | 01-04-2025 | |||||
| Date of end of reporting period | 31-12-2025 | 31-12-2025 | |||||
| Whether results are audited or unaudited | Unaudited | Audited | |||||
| Nature of report standalone or consolidated | Consolidated | Consolidated | |||||
| 1 | Segment Revenue (Income) | ||||||
| (net sale/income from each segment should be disclosed) | |||||||
| 1 | Jute Goods | 31,798.31 | 77,216.39 | ||||
| 2 | Cables and Other Electrical Products | 6,460.56 | 27,616.52 | ||||
| Total Segment Revenue | 38,258.87 | 1,04,832.91 | |||||
| Less: Inter segment revenue | 0.00 | 0.00 | |||||
| Revenue from operations | 38,258.87 | 1,04,832.91 | |||||
| 2 | Segment Result | ||||||
| Profit (+) / Loss (-) before tax and interest from each segment | |||||||
| 1 | Jute Goods | 2,741.11 | 6,211.63 | ||||
| 2 | Cables and Other Electrical Products | (399.81) | 817.19 | ||||
| Total Profit before tax | 2,341.30 | 7,028.82 | |||||
| i. Finance cost | 2,025.25 | 5,244.83 | |||||
| ii. Other Unallocable Expenditure net off Unallocable income | (80.45) | (178.79) | |||||
| Profit before tax | 396.50 | 1,962.78 | |||||
| 3 | (Segment Asset - Segment Liabilities) | ||||||
| Segment Asset | |||||||
| 1 | Jute Goods | 60,467.29 | 60,467.29 | ||||
| 2 | Cables and Other Electrical Products | 52,860.13 | 52,860.13 | ||||
| Total Segment Asset | 1,13,327.42 | 1,13,327.42 | |||||
| Un-allocable Assets | 6,171.31 | 6,171.31 | |||||
| Net Segment Asset | 1,19,498.73 | 1,19,498.73 | |||||
| 4 | Segment Liabilities | ||||||
| Segment Liabilities | |||||||
| 1 | Jute Goods | 60,467.29 | 60,467.29 | ||||
| 2 | Cables and Other Electrical Products | 52,860.13 | 52,860.13 | ||||
| Total Segment Liabilities | 1,13,327.42 | 1,13,327.42 | |||||
| Un-allocable Liabilities | 6,171.31 | 6,171.31 | |||||
| Net Segment Liabilities | 1,19,498.73 | 1,19,498.73 | |||||
| Disclosure of notes on segments | |||||||
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-10-2025 | 01-04-2025 |
| B | Date of end of reporting period | 31-12-2025 | 31-12-2025 |
| C | Whether results are audited or unaudited | Unaudited | Audited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| Other comprehensive income [Abstract] | |||
| 1 | Amount of items that will not be reclassified to profit and loss | ||
| 1 | Re-measurement of post-employment benefit obligations | (1.98) | 637.98 |
| 2 | Changes in the fair value of equity instruments at FVOCI | (67.76) | 476.91 |
| Total Amount of items that will not be reclassified to profit and loss | (69.74) | 1,114.89 | |
| 2 | Income tax relating to items that will not be reclassified to profit or loss | (10.85) | 246.96 |
| 3 | Amount of items that will be reclassified to profit and loss | ||
| Total Amount of items that will be reclassified to profit and loss | |||
| 4 | Income tax relating to items that will be reclassified to profit or loss | 0.00 | 0.00 |
| 5 | Total Other comprehensive income | (58.89) | 867.93 |