Unaudited Financial Results for the quarter ended 30.06.2025
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GSL Securities Ltd reported Q1 FY26 total income of Rs. 1.68 lakhs, flat compared to Rs. 1.68 lakhs in Q1 FY25, with a net loss of Rs. 6.98 lakhs versus a loss of Rs. 8.27 lakhs in the same quarter last year. Loss per share stood at Rs. 0.21 (vs Rs. 0.24 YoY). The board approved a preferential issue of 10.25 lakh equity shares at Rs. 41.50 each (face value Rs. 10, premium Rs. 31.50) to 3 non-promoter strategic investors, raising approximately Rs. 4.25 crore — a dilution of roughly 24% on the existing equity base of 32.5 lakh shares. The board also approved voluntary delisting from the Calcutta Stock Exchange (BSE listing to continue), re-appointment of Managing Director Santkumar Bagrodia for one year from October 1, 2025, adoption of a new Articles of Association, and set August 30, 2025 as the AGM date. The statutory auditor (VRSK & Co. LLP) issued an unqualified limited review report with no qualifications or emphasis of matter.
The preferential issue to non-promoters brings in Rs. 4.25 crore of fresh capital but will dilute existing shareholders by about 24%. The company continues to post losses on very thin revenue, though losses are narrowing — shareholders should watch whether the capital infusion helps revive core NBFC operations. Delisting from CSE is largely cosmetic since BSE listing continues.