Statutory auditor certificate on issue proceeds on preferential issue for the quarter ended 31.03.2026
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GSL Securities Ltd reported audited financial results for Q4 and FY ended March 31, 2026. For FY26, the company posted a net loss of Rs 31.38 lakhs compared to a loss of Rs 16.46 lakhs in FY25, though total income improved to Rs 5.59 lakhs from Rs 1.62 lakhs. The company raised funds through a preferential issue (Rs 4.25 crore total) with Rs 42.76 lakh utilized so far, primarily for working capital requirements, leaving Rs 3.83 crore balance. Share capital increased to Rs 427.51 lakhs from Rs 325 lakhs previously. Statutory auditors VRSK & Co. LLP issued an unmodified (clean) opinion on the financial statements. The board also re-appointed Mr. Akshaya Poddar as Internal Auditor and Mr. Shiv Hari Jalan as Secretarial Auditor for FY27.
The company remains loss-making but has strengthened its capital base through preferential issuance. The clean audit opinion provides confidence in financial reporting integrity. Significant unused funds (Rs 3.83 crore) from the preferential issue remain available for deployment.