The Company is anticipating a delay in the declaration of Audited financial results for the quarter and year ended on 31 March 2025.
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Gujarat Credit Corporation Ltd has informed BSE that it will miss the May 30, 2025 deadline to submit audited financial results for the quarter and year ended March 31, 2025, as required under SEBI's Listing Regulations. The delay is attributed to a search and seizure operation conducted by the Income Tax Department at the company's registered office in Ahmedabad from May 14 to May 17, 2025, during which business operations were halted. The company and its auditors are working to finalize and declare the results at the earliest possible date. The trading window for insiders remains closed until 48 hours after the results are declared.
The delay itself is procedural, but the underlying Income Tax search raises governance and tax-compliance concerns that investors should monitor. Until the audited numbers are filed, shareholders lack visibility into the company's true financial health for FY25, which may create uncertainty around the stock in the short term.