Goa Carbon promoter pledges 50.69 lakh shares to secure loan

V.S. Dempo Holdings Private Limited, the promoter company of Goa Carbon Limited , has pledged 50,69,040 equity shares to secure a loan facility. The shares, representing 55.39% of the company's total shareholding, were pledged on May 11, 2026, in favor of 360 ONE Prime Limited.

The transaction was undertaken to secure a loan facility of ₹50 crore availed by Goa Carbon Limited. The value of the pledged shares is stated at ₹2,18,37,42,432, calculated at a market value of ₹430.80 per share as of the transaction date.

Disclosure Details

The disclosure was submitted to the stock exchanges on May 13, 2026, by Pravin Satardekar, Company Secretary of Goa Carbon Limited. The intimation was made in compliance with Regulation 7(2)(a) read with Regulation 6(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.

Transaction Summary

Detail Information Pledgor V.S. Dempo Holdings Private Limited Category Promoter Company Shares Pledged 50,69,040 Equity Shares Percentage of Holding 55.39% Date of Pledge May 11, 2026 Pledgee 360 ONE Prime Limited Purpose To secure ₹50 crore loan facility for Goa Carbon Limited Market Value per Share ₹430.80

The company has requested the exchanges to treat the intimation as compliance with the relevant regulations and take the same on record.

Goa Carbon Limited has released its audited standalone financial results for the quarter and financial year ended March 31, 2026, approved by the Board of Directors at a meeting held on May 7, 2026. The company reported total income of ₹70,879.78 lacs for the year, a significant rise from ₹51,983.57 lacs in the previous year. However, despite the improvement in revenue, the firm recorded a net loss of ₹4,823.46 lacs for FY26, widening from the loss of ₹2,202.63 lacs in FY25. The statutory auditors, M/s. B S R & Co. LLP, issued an audit report with an unmodified opinion in respect of the audited financial results.

Financial Performance

The company's revenue from operations rose sharply, with sale of products (net) increasing to ₹69,609.40 lacs from ₹50,801.18 lacs in the prior year. Total expenses for FY26 stood at ₹75,091.39 lacs, compared to ₹54,823.90 lacs in FY25, driven primarily by higher cost of materials consumed at ₹64,161.42 lacs versus ₹45,638.94 lacs previously. Finance costs also increased to ₹2,338.73 lacs from ₹1,806.44 lacs. For the quarter ended March 31, 2026, the company reported a net profit of ₹449.31 lacs, though this was insufficient to offset losses from earlier quarters. The basic and diluted earnings per share (EPS) for the full year stood at (₹52.71), compared to (₹24.07) in FY25.

The following table summarises the key financial results:

Particulars: Year ended March 31, 2026 (₹ in lacs) Year ended March 31, 2025 (₹ in lacs) Revenue from Operations: 69,642.23 50,847.24 Other Income (net): 1,237.55 1,136.33 Total Income: 70,879.78 51,983.57 Total Expenses: 75,091.39 54,823.90 Profit/(Loss) before tax: (4,211.61) (2,840.33) Net Profit/(Loss) after tax: (4,823.46) (2,202.63) Basic & Diluted EPS (₹): (52.71) (24.07)

Balance Sheet and Cash Flows

As at March 31, 2026, the company's total assets stood at ₹37,011.07 lacs, compared to ₹53,107.10 lacs in the previous year. Total equity declined to ₹16,862.97 lacs from ₹21,761.06 lacs, reflecting the impact of the annual loss. Current borrowings reduced significantly to ₹16,740.25 lacs from ₹28,136.33 lacs, while inventories fell sharply to ₹8,974.77 lacs from ₹23,531.19 lacs. On the cash flow front, net cash flow from operating activities was ₹7,764.87 lacs for the year ended March 31, 2026, compared to a cash outflow of ₹5,392.89 lacs in the prior year, aided by a significant reduction in inventories. Cash and cash equivalents at the end of the year stood at ₹3,951.83 lacs, down from ₹10,741.01 lacs at the beginning of the year.

Particulars: March 31, 2026 (₹ in lacs) March 31, 2025 (₹ in lacs) Total Assets: 37,011.07 53,107.10 Total Equity: 16,862.97 21,761.06 Current Borrowings: 16,740.25 28,136.33 Inventories: 8,974.77 23,531.19 Cash & Cash Equivalents: 3,951.83 10,741.01

Board Decisions and Auditor Appointments

In view of the net loss for the financial year ended March 31, 2026, the Board of Directors decided not to recommend any final dividend. Based on the Audit Committee's recommendations, the Board approved the appointment of M/s. Kirtane & Pandit LLP, Chartered Accountants (Firm Registration No. 105215W/W100057), as Internal Auditors for FY 2026-27. Kirtane & Pandit LLP is a 70+ year-old accounting, auditing, and consulting firm with a national presence, offering assurance, accounting, and advisory services to listed companies across diverse industries. The Board also approved the appointment of M/s. Joshi Apte and Associates (Firm Registration No. 000240) as Cost Auditors for FY 2026-27. The firm is a peer-reviewed practice registered with the Institute of Cost Accountants of India (ICMAI), with over 17 years of experience in cost audits and cost-related advisory services for companies across various industries. Both appointments are effective from May 7, 2026.

Appointment: Details Internal Auditors: M/s. Kirtane & Pandit LLP (Firm Reg. No. 105215W/W100057) Cost Auditors: M/s. Joshi Apte and Associates (Firm Reg. No. 000240) Effective From: May 7, 2026 Term: Financial Year 2026-27

Operational and Regulatory Updates

The company's plants underwent scheduled maintenance shutdowns during the quarter ended March 31, 2026. The Goa plant was shut for 82 days, the Bilaspur plant for 90 days, and the Paradeep plant for 10 days. Regarding the Goa Green Cess matter, following the dismissal of the company's writ petition by the Bombay High Court at Goa on September 14, 2023, the company filed a Special Leave Petition before the Supreme Court on November 11, 2023, challenging the constitutional validity of the levy. In accordance with Supreme Court directives, the company has deposited ₹349 lacs under protest from FY 2014-15 to FY 2024-25, representing 50% of the total demand raised for the said period. The company continues to voluntarily file monthly returns and deposit 50% of self-assessed cess under protest, and does not expect any material financial impact from this matter.

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