Outcome of Board Meeting held for the Approval of Unaudited Financial Result of the Company for the Quarter and Half Year ended as on 30.09.2025
Awaiting price reaction for this filing.
Geetanjali Credit and Capital Ltd, a small NBFC based in Dharwad, Karnataka, reported its unaudited results for the quarter and half year ended September 30, 2025. Revenue from operations was essentially nil, with the company posting a net loss of Rs. 2.72 lakhs in H1 FY26, wider than the Rs. 0.48 lakh loss in H1 FY25. Basic EPS stood at (Rs. 0.06) for the half year. The auditor (S K Bhavsar & Co.) issued a Limited Review report with a clear Emphasis of Matter flagging that the company has Rs. 256.27 lakhs in old loans and advances with no balance confirmations, is not following RBI NPA provisioning norms, has an outstanding income tax demand of Rs. 529.75 lakhs (exceeding the company's net worth), could not provide evidence to verify investments, and has not paid annual listing fees, putting it in violation of SEBI and exchange rules. Accumulated losses in reserves stood at Rs. 135.24 lakhs.
Multiple red flags for shareholders: the auditor's emphasis of matter highlights asset recoverability issues, RBI non-compliance, a sizeable tax demand that could strain the already loss-making balance sheet, and SEBI listing-fee violations that may attract regulatory penalties. Effective business operations appear minimal, and the stock carries elevated governance and solvency risks worth flagging.