Q1 FY27 Loss of Rs 8.03 Lakh; Non-Going Concern Basis Adopted
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Gujarat Lease Financing posted a loss of Rs. 8.03 lakh for the quarter ended June 30, 2026, wider than the Rs. 5.86 lakh loss in the year-ago quarter. Revenue from operations was nil; total income of Rs. 9.92 lakh came only from other income. The auditor flagged that accumulated losses exceed net worth and liabilities exceed assets. The company has no business plan and no near-term activity, so results are prepared on a non-going concern basis.
Company has no operations, negative reserves, and liabilities exceeding assets. Non-going concern basis signals serious solvency risk for shareholders.