GSFC files FY26 Annual Report; net worth fully eroded, loss widens

Going-concern doubtQualified audit opinionNet loss reportedRevenue declinedResults View source PDF Explain this filing

Price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-1.4%Reaction day

₹10.83

prior close

₹10.75

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.6%-0.8% vs market

Financial Institution peers, median of 7sector-0.5%-0.9% vs sector

On the reaction day the stock moved 0.8 pts less than Nifty Microcap 250 and 0.9 pts less than its Financial Institution peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.0

10m

-1.1

15m

-1.1

30m

-0.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.4-0.6-0.8-0.5-0.9

Next day

-0.4-0.9+0.5-1.4+1.0

-2.8+0.1-2.9-1.8-1.0

-2.6+0.3-2.9-0.9-1.7

-0.2+1.2-1.3-1.1+0.9

-0.6+0.8-1.5-1.1+0.4

-3.8+0.3-4.1-2.2-1.6

15d

-2.0-0.2-1.8-3.9+1.8

-2.2+0.6-2.8-4.2+2.0

-3.2+4.7-7.9-7.0+3.8

-10.8+5.4-16.2-13.0+2.2

UpDownMarket · Nifty Microcap 250Sector · Financial Institution peers, median of 7Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

GSFC filed its 66th Annual Report for FY26. Total income fell to Rs 1,644 lakh from Rs 1,724 lakh. Loss widened to Rs 12,728 lakh from Rs 12,534 lakh. Accumulated losses stand at Rs 3,55,244 lakh. Auditors gave a qualified opinion noting net worth is fully eroded and the Corporation defaulted on repayments. Main lending operations remain suspended since FY02 and only recovery of dues continues. Pankaj R Shah and Associates retire after a 4-year term; J H Mehta and Co is proposed as new statutory auditor.

Likely market impact

Net worth fully eroded with widening losses and going concern flag from auditors. No near-term revival of core business expected.