Outcome of Board Meeting dated 06.02.2026
Price
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GSL Securities Ltd's board, meeting on 6 February 2026, approved unaudited financial results for Q3 and nine months ended 31 December 2025 along with the limited review report from statutory auditor V R S K & Co. LLP (a clean report with no qualifications). The company reported zero revenue from operations in both Q3 and the nine-month period, with only marginal other operating income of Rs 0.24 lakh in Q3 and Rs 5.59 lakh for nine months. Net loss widened sharply to Rs 27.26 lakh in Q3 FY26 from Rs 3.26 lakh in Q3 FY25; nine-month loss deepened to Rs 40.18 lakh from Rs 15.72 lakh a year ago. The company allotted 10,25,100 equity shares at Rs 41.50 each on a preferential basis on 27 December 2025, raising Rs 4.25 crore, of which none has been utilised yet — the entire amount remains in the bank account earmarked for working capital and general corporate purposes.
Sharply widening losses with negligible revenue raise concerns about the company's core business viability. While the preferential issue strengthens the balance sheet, shareholders should note that the funds remain undeployed and the company continues to burn cash through operating expenses.