Integrated Filing — IndAS



General information about company

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 23-05-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 16-05-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Audited
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 23-05-2026   12:30:00
End date and time of board meeting 23-05-2026   17:30:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



Financial Results Ind-AS

Amount in (Lakhs)

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 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 37,839.65 1,42,672.56
Other income 806.41 1,809.87
Total income 38,646.06 1,44,482.43
2 Expenses
(a) Cost of materials consumed 29,367.54 81,986.80
(b) Purchases of stock-in-trade 3,432.24 16,262.34
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (11,284.93) (14,909.77)
(d) Employee benefit expense 4,299.51 16,065.48
(e) Finance costs 1,967.18 7,212.01
(f) Depreciation, depletion and amortisation expense 1,615.41 6,053.16
(f) Other Expenses
1 Other Expenses 7,960.91 28,561.43
Total other expenses 7,960.91 28,561.43
Total expenses 37,357.86 1,41,231.45
3 Total profit before exceptional items and tax 1,288.20 3,250.98
4 Exceptional items 0.00 0.00
5 Total profit before tax 1,288.20 3,250.98
6 Tax expense
7 Current tax 409.74 1,750.84
8 Deferred tax 57.94 (313.46)
9 Total tax expenses 467.68 1,437.38
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 820.52 1,813.60
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 820.52 1,813.60
17 Other comprehensive income net of taxes 29.03 896.96
18 Total Comprehensive Income for the period 849.55 2,710.56
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
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 1,07,771.44
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 7.5 16.57
Diluted earnings (loss) per share from continuing operations 7.5 16.57
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 7.5 16.57
Diluted earnings (loss) per share from continuing and discontinued operations 7.5 16.57
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

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 23rd May, 2026. 3. The Holding Company's Board has recommended a dividend of 200 % i.e. Rs. 20/- per equity share for the financial year ended 31st March, 2026. The payment is subject to approval of the shareholders at the ensuing Annual General Meeting. 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. In respect of the consolidated financial results, figures for the quarter ended 31st March, 2026 and 31st March, 2025 are the balancing figures between audited figures of respective financial year and published unaudited figures for nine months ended 31st December, 2025 and 31st December, 2024 respectively. 6. The Hon’ble National Company Law Tribunal (NCLT), vide its order dated 27th September 2019, held that the trademark “Gloster” (included in the carrying value of trademarks as at 31st March 2026 amounting to Rs. 1,107.34 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 25th January 2024.Subsequently, the Hon’ble Supreme Court of India, vide its order dated 22nd 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. 2 applications filed by Gloster Cables Limited at Hyderabad Commercial Court and Delhi High Court are being contested by the Subsidiary & it's Holding Company and necessary legal recourse in the matter is also being taken. Accordingly, no adjustment in the financial results has been considered necessary in this regard. 7. 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. 8. The Scheme of amalgamation of Gloster Lifestyle Limited and Gloster Specialities Limited (‘Transferor Companies’) both wholly owned subsidiaries of the Company with Gloster Limited ('Transferee Company') has been filed with Hon’ble National Company Law Tribunal, Kolkata Bench (“NCLT”). The matter was heard on 14th February 2026 and NCLT has reserved it for Order. Pending approval of the Scheme by the Hon'ble National Company Law Tribunal, Kolkata, no effect of the Scheme has been given in these consolidated financial results. 9. On November 21, 2025, the Government of India notified the four Labour Codes - the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 - consolidating 29 existing labour laws. The Ministry of Labour & Employment published draft Central Rules and FAQs to enable assessment of the financial impact due to changes in regulations. The Holding Company and its subsidiaries has assessed impact of these changes on the basis of the best information available, consistent with the guidance provided by the Institute of Chartered Accountants of India and noted that there is no material impact of the said codes. However, the Group continues to monitor the finalisation of Central / State Rules and clarifications from the Government on other aspects of the Labour Code and shall review its estimates and assumptions on ongoing basis. By Order of the Board Hemant Bangur Executive Chairman Place: Kolkata Dated: 23rd May, 2026



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 31-03-2026
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 1,00,061.95
Capital work-in-progress 6,239.45
Investment property 6,134.43
Goodwill 14,582.23
Other intangible assets 5,288.21
Intangible assets under development 29.95
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 0.00
Non-current financial assets
Non-current investments 11,071.01
Trade receivables, non-current 0.00
Loans, non-current 0.00
Other non-current financial assets
1 Non-Current tax assets (net) 68.85
2 other financial assets 1,633.48
Total of other non-current financial assets 1,702.33
Total non-current financial assets 12,773.34
Deferred tax assets (net) 101.50
Other non-current assets
1 Other non-current assets 2,826.06
Total of other non-current assets 2,826.06
Total non-current assets 1,48,037.12
2 Current assets
Inventories 50,189.53
Current financial asset
Current investments 336.96
Trade receivables, current 29,830.43
Cash and cash equivalents 600.63
Bank balance other than cash and cash equivalents 950.30
Loans, current 2,798.60
Other current financial assets
Total of other current financial assets 5,588.38
Total current financial assets 40,105.30
Current tax assets (net) 1,160.25
Other current assets
1 Other current assets 11,593.81
Total of other current assets 11,593.81
Total current assets 1,03,048.89
3 Non-current assets classified as held for sale 0.00
4 Regulatory deferral account debit balances and related deferred tax Assets 0.00
Total assets 2,51,086.01
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 1,094.33
Other equity 1,07,771.44
Total equity attributable to owners of parent 1,08,865.77
Non controlling interest 0.00
Total equity 1,08,865.77
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 37,979.98
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities
1 Lease liabilities 5,935.67
2 Other financial liabilities 16.34
Total of other non-current financial liabilities 5,952.01
Total non-current financial liabilities 43,931.99
Provisions, non-current 1,001.97
Deferred tax liabilities (net) 6,166.76
Deferred government grants, Non-current 0.00
Other non-current liabilities
1 Other non-current liabilities 7,410.20
Total of other non-current liabilities 7,410.20
Total non-current liabilities 58,510.92
Current liabilities
Current financial liabilities
Borrowings, current 51,871.08
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 3,286.18
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 16,383.68
Total Trade payable 19,669.86
Other current financial liabilities
1 Lease Liabilities 132.83
2 other financial liabilities 5,344.98
Total of other current financial liabilities 5,477.81
Total current financial liabilities 77,018.75
Other current liabilities 5,243.14
1 Other current liabilities 5,243.14
Total of other current liabilities 5,243.14
Provisions, current 571.71
Current tax liabilities (Net) 875.72
Deferred government grants, Current 0.00
Total current liabilities 83,709.32
3 Liabilities directly associated with assets in disposal group classified as held for sale 0.00
4 Regulatory deferral account credit balances and related deferred tax liability 0.00
Total liabilities 1,42,220.24
Total equity and liabilites 2,51,086.01
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

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 01-01-2026 01-04-2025
Date of end of reporting period 31-03-2026 31-03-2026
Whether results are audited or unaudited Audited 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 27,924.93 1,05,141.32
2 Cables & Other Electrical Products 9,914.72 37,531.24
Total Segment Revenue 37,839.65 1,42,672.56
Less: Inter segment revenue 0.00 0.00
Revenue from operations 37,839.65 1,42,672.56
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Jute Goods 3,110.11 9,321.74
2 Cables & Other Electrical Products 95.32 912.51
Total Profit before tax 3,205.43 10,234.25
i. Finance cost 1,967.18 7,212.01
ii. Other Unallocable Expenditure net off Unallocable income (49.95) (228.74)
Profit before tax 1,288.20 3,250.98
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Jute Goods 1,58,961.59 1,58,961.59
2 Cables & Other Electrical Products 80,614.95 80,614.95
Total Segment Asset 2,39,576.54 2,39,576.54
Un-allocable Assets 11,509.47 11,509.47
Net Segment Asset 2,51,086.01 2,51,086.01
4 Segment Liabilities
Segment Liabilities
1 Jute Goods 72,710.29 72,710.29
2 Cables & Other Electrical Products 63,343.19 63,343.19
Total Segment Liabilities 1,36,053.48 1,36,053.48
Un-allocable Liabilities 6,166.76 6,166.76
Net Segment Liabilities 1,42,220.24 1,42,220.24
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

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 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited 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 160.16 798.14
2 Changes in thefair value of equity instruments at FVOCI (103.99) 372.92
Total Amount of items that will not be reclassified to profit and loss 56.17 1,171.06
2 Income tax relating to items that will not be reclassified to profit or loss 27.14 274.10
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 29.03 896.96



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 31-03-2026
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 3,250.98
Adjustments for reconcile profit (loss)
Adjustments for finance costs 7,212.01
Adjustments for decrease (increase) in inventories (19,423.07)
Adjustments for decrease (increase) in trade receivables, current 0.00
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets 0.00
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current (20,262.62)
Adjustments for other financial assets, current 0.00
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 0.00
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 0.00
Adjustments for increase (decrease) in other non-current liabilities 11,111.67
Adjustments for depreciation and amortisation expense 6,053.16
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current (620.41)
Adjustments for provisions, non-current 273.01
Adjustments for other financial liabilities, current 0.00
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains (111.23)
Adjustments for dividend income 0.00
Adjustments for interest income 698.85
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) 295.84
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 527.20
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items 0.00
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) (15,643.29)
Net cash flows from (used in) operations (12,392.31)
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 1,814.51
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities (14,206.82)
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 547.52
Purchase of property, plant and equipment 13,817.44
Proceeds from sales of investment property 659.66
Purchase of investment property 385.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets (1,057.00)
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties (7,150.00)
Cash receipts from repayment of advances and loans made to other parties (4,975.00)
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 576.13
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) investing activities (11,301.13)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 34,945.87
Repayments of borrowings 1,815.62
Payments of lease liabilities 0.00
Dividends paid 2,182.80
Interest paid 6,586.92
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (506.50)
Net cash flows from (used in) financing activities 23,854.03
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (1,653.92)
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents (1,653.92)
Cash and cash equivalents cash flow statement at beginning of period 2,254.55
Cash and cash equivalents cash flow statement at end of period 600.63





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 SINGHI & CO Yes 31-08-2028