Book Closure for AGM 2025 from 24.08.2025 to 30.08.2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
GSL Securities' Board approved Q1 FY26 (quarter ended June 30, 2025) unaudited results showing a net loss of Rs. 6.98 lakhs versus Rs. 7.87 lakhs in the same quarter last year, with total income falling sharply to Rs. 1.68 lakhs. The Board cleared a preferential allotment of 10,25,100 equity shares at Rs. 41.50 each (face value Rs. 10, premium Rs. 31.50) to three non-promoter allottees — all from the Bhangdiya family — to raise approximately Rs. 4.25 crore. Post-issue, each allottee will hold a 7.99% stake (total ~24% to the three). The Board also approved voluntary delisting from the Calcutta Stock Exchange (BSE listing to continue), re-appointment of Mr. Santkumar Bagrodia as Managing Director for one year from October 1, 2025, and adoption of new Articles of Association aligned with the Companies Act, 2013. The AGM is scheduled for August 30, 2025 with book closure from August 24 to August 30, 2025.
The preferential issue will dilute existing shareholders by roughly 24% as the same Bhangdiya family group picks up large new stakes, and may be viewed negatively by current public holders given the related-party nature of the allottees. The company remains loss-making but the fresh capital infusion of about Rs. 4.25 crore could support working capital needs. Voluntary delisting from CSE (with BSE listing continuing) reduces compliance costs but narrows trading visibility for shareholders.