Board of Directors at its meeting held on May 30, 2026 inter alia approved the audited financial results for the quarter ended March 31, 2026 and other documents as required under Regulation ....
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GSFC reported a net loss of ₹12,728.91 lakh for FY 2025-26, slightly higher than the previous year's loss of ₹12,534.01 lakh. Total income was ₹1,640.08 lakh against ₹1,534.34 lakh. The corporation's net worth is completely eroded at negative ₹3,18,822.66 lakh with reserves at negative ₹3,28,194.54 lakh. Both Gross and Net NPA ratios stand at 100%, indicating all advances are non-performing. Statutory auditors issued a qualified opinion (repetitive for nine years) citing going concern doubts due to eroded net worth and default in repayment obligations. No dividend was declared. The board recommended appointment of new auditors for FY 2026-27.
GSFC is in severe financial distress with eroded capital, 100% NPA ratio, and recurring qualified audit opinions. The stock carries extremely high risk due to going concern uncertainty and defaulted obligations.