Annual Report for the F.Y. 2024-25
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GSL Securities Ltd, an NBFC, has submitted its Annual Report for FY 2024-25 along with the notice for its 31st Annual General Meeting scheduled on August 30, 2025. Key items to be tabled include re-appointment of Mr. Santkumar Bagrodia as Managing Director for one year at a salary not exceeding Rs. 9,00,000 per annum, adoption of a new set of Articles of Association aligned with the Companies Act 2013, and a preferential allotment of 10,25,100 equity shares to three non-promoter strategic investors at Rs. 41.50 per share (including Rs. 31.50 premium), raising approximately Rs. 4.25 crore for working capital and general corporate purposes. The company reported a loss after tax of Rs. 16.46 lakhs with a negative EPS of Rs. 0.51, against a net worth of Rs. 581.62 lakhs. The management has cited general economic slowdown as the reason for inadequate profits and proposed cost reduction and efficiency improvements as remedial steps.
Shareholders will vote on a Rs. 4.25 crore equity infusion from new strategic investors, which could dilute existing holdings but strengthen working capital. The reported loss and weak EPS may put pressure on the stock in the short term, though the preferential issue signals confidence from incoming investors and a push toward recovery.