Gujarat Poly Electronics Ltd — Others, 10-07-2025: Others

Gujarat Poly Electronics Limited has announced a board meeting to consider the financial results for the quarter and half-year. The company reported sales of Rs. 1778.94 lakhs, a 5% increase from the previous year, with a profit of Rs. 214.48 lakhs, nearly stable year-on-year. No dividend is proposed to conserve resources. The company manufactures and outsources ceramic capacitors and markets other electronic components. Key management changes include the demise of the Managing Director and appointments of new executive and independent directors. M/s. G.M. Kapadia & Co. is proposed as the new statutory auditor for five years. The company continues to focus on trading activities amid competitive pressures from imports, especially from China. The current ratio improved significantly due to lower trade payables and higher receivables. The company maintains adequate internal controls and compliance systems, with no material legal or regulatory issues reported.