GSL Securities Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 02/08/2025 ,inter alia, to consider and approve 1) The Unaudited Financial Statements ....
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GSL Securities has called a board meeting on August 2, 2025 to consider several key items. The board will review the unaudited financial results for Q1 FY26 (quarter ended June 30, 2025) along with the limited review report from statutory auditors. It will also approve the Director's Report for FY25 and adopt the Articles of Association under the Companies Act, 2013. A significant item is the proposal to issue securities on a preferential basis to raise additional capital. The board will also consider voluntary delisting of equity shares from the Calcutta Stock Exchange, while continuing listing on BSE. Additionally, Mr. Santkumar Bagrodia is proposed for re-appointment as Managing Director for one year from October 1, 2025.
Investors should watch for the Q1 results announcement and any details on the preferential securities issue, which could lead to equity dilution. The proposed delisting from CSE is largely procedural since BSE will remain the primary exchange and trading liquidity is unlikely to be affected.