Utilization Certificate on Preferential Issue
Price
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Awaiting price reaction for this filing.
GSL Securities Ltd's board, at its meeting on 06 Feb 2026, approved unaudited financial results for Q3 and nine months ended 31 Dec 2025. The company reported a net loss of ₹27.26 lakhs in Q3 and ₹40.18 lakhs for the 9-month period, with total income of just ₹5.59 lakhs (9M). The company had allotted 10,25,100 equity shares on a preferential basis on 27 Dec 2025 at ₹41.50 per share (including ₹31.50 premium) to non-promoters, raising ₹4.25 crores. Paid-up equity capital rose from ₹3.25 crore to ₹4.275 crore. The utilization certificate confirms the entire ₹4.25 crore remains unutilized as of 31 Dec 2025, sitting in the bank account.
Shareholders should note the company is loss-making with negligible operating income, and the recently raised ₹4.25 crore from preferential allotments is still entirely unutilized — meaningful deployment into working capital or growth is yet to begin. The preferential issue at ₹41.50 (a significant premium to face value of ₹10) signals capital raising at a healthy premium, but execution on stated objectives will be closely watched.