The 32nd Annual General Meeting of the Company is scheduled to be held on Tuesday, September 30, 2025 at 11:00 am at the Registered office of the Company
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Gujarat Credit Corporation Ltd has called its 32nd AGM for September 30, 2025 at 11:00 am at its registered office in Ahmedabad. Key items on the agenda include adoption of audited standalone and consolidated financial statements for FY25, reappointment of Managing Director Amam Shah (who retires by rotation and holds 21 lakh shares), appointment of M/s GKV & Associates as Secretarial Auditor for five years, regularization of two newly appointed Independent Directors (Vipul R Patel and Apurva R Hathi) for five-year terms, and reappointment of Independent Director Priyank Jhaveri for a second five-year term. The Directors' Report reveals weak financials with zero revenue from operations, a standalone total comprehensive loss of Rs. 26.54 lakhs (vs profit of Rs. 3.71 lakhs in FY24) and a consolidated loss of Rs. 86.55 lakhs (vs loss of Rs. 8.78 lakhs in FY24). No dividend has been recommended due to inadequate profits. The report also discloses that the Income Tax Department conducted a search at the company's premises from May 14 to May 17, 2025, during which business operations were halted.
Shareholders should note the weak operating performance with no revenue and widening losses, plus the unresolved Income Tax search that could create future liabilities. Two independent directors resigned just before the AGM and two new ones are being brought in, signaling notable board-level changes. The AGM agenda is largely routine governance but the financial deterioration and IT search are red flags worth monitoring.