Gujarat State Financial Corporation (GUJSTATFIN) Announcements - Latest Exchange Filings with AI Summaries
Latest corporate announcements filed by Gujarat State Financial Corporation on NSE and BSE, with an AI summary of each filing.
Board of Directors at its meeting held today the 26th September, 2026 inter alia approved the unaudited financial results for the quarter and half year ended September 30, 2026. Results, ....
Financial Result · 26 Oct 2026, 8:42 pm
Gujarat State Financial Corporation Reports Q2 FY27 Results; Approves Loan Settlement Scheme Gujarat State Financial Corp reported a net loss of ₹2,018.75 lakh for the quarter ended 30th Sep'26, compared to a ₹3,196.00 lakh loss in 30th Sep'25, with total income at ₹417.94 lakh. Gross NPAs remained at 100% (₹39,762.99 lakh). The board approved re-introducing a One Time Settlement Scheme for term loans. Auditors issued a qualified opinion regarding going-concern viability amid fully eroded net worth (negative reserves of ₹332,180.95 lakh) and non-provisioning of default interest worth ₹1,245.98 lakh on state government soft loans.
Board at its meeting held on 26-10-2026 inter alia approved unaudited financial results for the quarter and half year ended September 30, 2026 and re-introduction of OTS Scheme. Outcome ....
Outcome · 26 Oct 2026, 8:35 pm
Gujarat State Financial Corporation Reports Q2 FY27 Loss and Re-Introduces OTS Scheme Gujarat State Financial Corporation reported total income of ₹417.94 lakh for the quarter ended 30th Sep'26, up from ₹410.42 lakh YoY, while net loss narrowed to ₹2,018.75 lakh versus ₹3,196.00 lakh YoY. Gross NPA remained at 100% of advances (₹39,762.99 lakh). Results exclude ₹1,245.98 lakh in default interest on state soft loans after discontinuing penal provisioning. Statutory auditors issued a qualified opinion regarding going concern uncertainties and completely eroded net worth. Additionally, the board approved re-introducing a One Time Settlement scheme for term loans.
Gujarat State Financial Corporationhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 26/10/2026 ,inter alia, to consider and approve inter alia ....
Intimation · 26 Oct 2026, 5:30 am
Gujarat State Financial Corporation Schedules Board Meeting for Q2 Earnings and OTS Gujarat State Financial Corporation announced that its Board of Directors will meet on 26th Oct'26 in Gandhinagar. The board will consider and approve the unaudited financial results for the quarter and half-year ended 30th Sep'26. Additionally, the directors will evaluate One Time Settlement (OTS) schemes for loanee units.
Small Industries Development Bank of India, Mumbai vide letter dated 10th August 2026 nominated Shri Abhay Kumar Jain, Dy General Manager of its Ahmedabad Branch Office as a Director on ....
Change in Management · 17 Aug 2026, 8:09 pm
Gujarat State Financial Corp Announces Board Director Change Gujarat State Financial Corp. (BSE: 532160) announced a change in its Board of Directors. Shri Abhay Kumar Jain, Deputy General Manager at SIDBI's Ahmedabad office, was nominated by SIDBI and appointed as a Director effective 17 Aug'26. He replaces Shri Dinesh Kumar, who ceased to be a Director effective 16 Aug'26. Mr. Jain, with 19 years at SIDBI, holds no securities in the corporation and is not related to any other Director or KMP. He will also serve as a member of the Stakeholders Relationship Committee.
Please find attached the unaudited financial results for the quarter ended June 30, 2026 together with Limited Review Report duly approved, inter alia, by the Board of Directors at its ....
Financial Result · 10 Aug 2026, 11:38 pm
Gujarat State Financial Corp Q1FY27 Net Loss Narrows Amid Qualified Audit Opinion Gujarat State Financial Corporation reported a net loss of ₹1,967.66 lakh for Q1FY27, an improvement from a loss of ₹3,102.13 lakh YoY and ₹3,238.17 lakh QoQ. Total income was ₹406.15 lakh, down from ₹407.51 lakh YoY. EPS stood at ₹(2.21) vs ₹(3.48) YoY. Gross and Net NPAs remained at 100%. The auditor's report included a qualified opinion regarding the "Going Concern Basis" due to eroded net worth and dues payable to the Gujarat government, the financial impact of which is not ascertainable.
Board of Directors at its meeting held toda, the 10th August, 2026 inter alia considered and approved unaudited financial results for the quarter ended June 30, 2026 together with Limited ....
Outcome · 10 Aug 2026, 11:31 pm
GSFC Q1FY27 Net Loss Narrows; Auditor Flags Going Concern and Govt Dues Gujarat State Financial Corporation reported a net loss of ₹1,967.66 lakh for the quarter ended Jun 30, '26, narrowing from a loss of ₹3,102.13 lakh YoY and ₹3,238.17 lakh QoQ. Total income stood at ₹406.15 lakh, down 0.4% YoY. EPS was ₹(2.21). Gross and Net NPAs remained at 100%. The auditor issued a qualified opinion, citing the preparation of accounts on a going concern basis despite eroded net worth and unconfirmed dues payable to the Government of Gujarat.
Gujarat State Financial Corporationhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 10/08/2026 ,inter alia, to consider and approve the unaudited ....
Intimation · 10 Aug 2026, 5:30 am
Gujarat State Financial Corp Board to Review Q1FY27 Results on 10 Aug'26 Gujarat State Financial Corporation (BSE: 532160) has scheduled a Board of Directors meeting for 10 Aug'26 in Gandhinagar. The primary agenda is to consider and approve the un-audited financial results for the first quarter ended 30 Jun'26. This intimation was made pursuant to SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.
Please find attached Voting Results of 66th Annual General Meeting held on Thursday, the 30th July, 2026 together with Scrutinizer''s Report dated 30th July, 2026.
Annual General Meeting · 31 Jul 2026, 9:20 pm
Proceedings of 66th Annual General Meeting held on Thursday, the 30th July, 2026 is attached.
Annual General Meeting · 30 Jul 2026, 8:24 pm
Annual Report of the Corporation for FY 2025-26 is attached.
Others (Uncategorized) · 25 Jun 2026, 8:13 pm
66th AGM of the Corporation is scheduled to be held on Thursday, the 30th July, 2026 at 1.00 PM at Head Office. Notice intimating date and mode of AGM, book closure, Remote e-voting and ....
Annual General Meeting · 24 Jun 2026, 9:42 pm
Pursuant to Regulation 12 of GSFC General Regulations read with Regulation 42 of SEBI (LODR) Regulations, 2015, the Register of Members and Share Transfer Books of the Corporation shall ....
Annual General Meeting · 24 Jun 2026, 9:34 pm
Government of Gujarat in Finance Department vide letter approved on 04-06-2026 nominated Mrs. Mayaben M Dabhi, Financial Advisor on the Board of Directors of the Corporation in place of ....
Change in Management · 20 Jun 2026, 7:44 pm
Gujarat State Financial Corporation Announces Director Change Gujarat State Financial Corporation (GSFC) announced a change in its Board of Directors. Mrs. Mayaben M. Dabhi has been nominated as a Director by the Government of Gujarat, assuming office on 20-Jun'26. She replaces Smt. Ankitaben R. Christian, who ceased to be a Director effective 19-Jun'26. Mrs. Dabhi, aged 52 with 26 years of government experience, will also serve as a Member of the Audit Committee and Chairperson of the Stakeholders Relationship Committee. She holds no securities in the corporation.
Shri Lalit Gupta, Senior Divisional Manager, LIC of India, Gandhinagar Divisional Office assumed office of Director on the Board of Directors of the Corporation on July 01, 2026 pursuant ....
Change in Management · 01 Jun 2026, 9:57 pm
Gujarat State Financial Corp Board Sees Director Change Gujarat State Financial Corporation announced a board change effective 01 Jun'26. Life Insurance Corporation of India nominated Shri Lalit Gupta as its representative Director, replacing Shri Daiya P.L., who ceased to be a Director on 31 May'26. Shri Gupta is a Senior Divisional Manager at LIC with 33 years of experience. He does not hold any securities in the corporation and is not related to any other Director or Key Management Personnel. This change is pursuant to Regulation 30 of SEBI (LODR) Regulations.
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 ....
Financial Result · 30 May 2026, 7:09 pm
Gujarat State Financial Corp Q4 & FY26 Results: Widening Losses, No Dividend For Q4 FY26, Gujarat State Financial Corporation reported a net loss of ₹32.38 crore, up from a ₹31.02 crore loss YoY. Full-year FY26 net loss increased to ₹127.29 crore from ₹125.34 crore in FY25. Consequently, the Board has not declared a dividend for the financial year 2025-26. The statutory auditor, M/s. Pankaj R. Shah & Associates, issued a qualified opinion on the results, citing concerns over the 'going concern' basis of accounting due to eroded net worth and liquidity issues.
Board of Directors at its meeting held today inter alia approved the audited financial results for the quarter and year ended March 31, 2026. Outcome of Board meeting is attached.
Outcome · 30 May 2026, 7:03 pm
Gujarat State Financial Corp FY26 Net Loss Widens; No Dividend Declared Gujarat State Financial Corporation reported an increased net loss of ₹12,728.91 lakh for FY26, compared to ₹12,534.01 lakh in FY25. For Q4 FY26, the net loss was ₹3,238.17 lakh versus ₹3,101.59 lakh YoY. Total income for FY26 stood at ₹1,640.08 lakh. Consequently, the board has not declared a dividend for the financial year 2025-26. The auditor issued a qualified opinion, citing concerns over the 'going concern' basis of accounting due to eroded net worth and pending government confirmations on dues.
Please find attached disclosure of Event or Information under Regulation 30 of SEBI (LODR) Regulations, 2015 - Fine imposed by BSE Ltd relating to the quarter ended March 31, 2026.
Others (Uncategorized) · 29 May 2026, 6:06 pm
GSFC Fined by BSE for Corporate Governance Non-Compliance BSE Ltd levied a ₹9,67,600 fine on Gujarat State Financial Corporation for corporate governance non-compliance for the quarter ended 31 Mar'26. The company received the order on 29 May'26. Violations pertain to SEBI (LODR) Regulations regarding the non-appointment of independent directors. GSFC argues that its governing statute, the SFCs Act 1951, does not provide for independent directors. While the company has requested a waiver and is pursuing amendments to the Act, the fine has been imposed. GSFC states no financial or operational impact is envisaged.
Gujarat State Financial Corporationhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/05/2026 ,inter alia, to consider and approve audited financial ....
Intimation · 30 May 2026, 5:30 am
GSFC Board Meeting on May 30, 2026 to Approve Q4 & FY26 Results Gujarat State Financial Corporation (BSE: 532160) has scheduled a board meeting on 30 May'26 to consider and approve audited financial results for the quarter and year ended 31 Mar'26. The agenda also includes recommending the appointment of M/s. J.H. Mehta & Co. as statutory auditors for FY27 and deciding the date and time for the 66th Annual General Meeting.
BSE Ltd vide email communication dated February 27, 2026 imposed fine of Rs.9,88,840/- on the Corporation for non-compliance with Corporate Governance Regulations under SEBI (LODR) Regulations, ....
Others (Uncategorized) · 02 Mar 2026, 9:25 pm
Gujarat State Financial Corp Fined for Corporate Governance Non-Compliance Gujarat State Financial Corporation received a fine of ₹9,88,840 from BSE Ltd on 27 Feb'26 for non-compliance with corporate governance requirements for the quarter ended 31 Dec'25. The violations relate to the composition of its Board of Directors, Audit Committee, and Nomination & Remuneration Committee, stemming from the absence of Independent Directors. The company argues this is due to its governing State Financial Corporations Act, 1951, and has requested BSE to waive the fine, stating it does not envisage any impact.
The Annual Report for FY 2024-25 was placed before the State Legislature on February 16, 2026, report on which appeared in The Times of India, Ahmedabad edition is attached.
Annual Report · 25 Feb 2026, 7:06 pm
Board of Directors at its meeting held on February 13, 2026 inter alia considered and approved the un-audited financial results for the quarter and nine months ended December 31, 2025 together ....
Financial Result · 13 Feb 2026, 6:54 pm
GSFC Q3 FY26 Results: Net Loss Widens Amid Auditor's Qualified Opinion Gujarat State Financial Corporation reported a net loss of ₹3,192.61 lakh for Q3 FY26, widening from a loss of ₹3,165.99 lakh in Q3 FY25. For the nine months ended 31 Dec'25, the net loss was ₹9,490.74 lakh. Total income for the quarter stood at ₹414.22 lakh. Gross and Net NPAs remained at 100%. Statutory auditors issued a qualified opinion, citing the preparation of accounts on a going concern basis despite eroded net worth and defaults, the effect of which is unascertainable.
Un-audited financial results for the quarter and nine months ended December 31, 2025 together with Limited Review Report on the said results were reviewed by the Audit Committee and approved ....
Outcome · 13 Feb 2026, 6:45 pm
GSFC Q3FY26: Net Loss Widens to ₹3,192.61 Lakh Amidst Auditor Concerns Gujarat State Financial Corporation reported a net loss of ₹3,192.61 lakh for Q3FY26, slightly higher than the ₹3,165.99 lakh loss in Q3FY25. Total income for the quarter stood at ₹414.22 lakh. For the nine months ended 31 Dec’25, the net loss was ₹9,490.74 lakh. The company maintained a 100% Gross and Net NPA ratio. Statutory auditors issued a qualified opinion, highlighting the eroded net worth and preparation of accounts on a going concern basis, the effect of which is not ascertainable.
Gujarat State Financial Corporationhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/02/2026 ,inter alia, to consider and approve the unaudited ....
Intimation · 13 Feb 2026, 5:30 am
GSFC Board Meeting on 13th Feb'26 for Q3 & 9M FY26 Results Gujarat State Financial Corporation (BSE: 532160) has scheduled a Board of Directors meeting on 13th Feb'26. The agenda includes consideration and approval of the unaudited financial results for the quarter and nine months ended 31st Dec'25. The meeting will be held in Gandhinagar. This intimation complies with SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.
BSE Ltd imposed fine of Rs.9,88,840/- on the Corporation for non-compliance with provisions of SEBI (LODR) Regulations, 2015, disclosure of which is attached.
Others (Uncategorized) · 02 Dec 2025, 7:08 pm
Gujarat State Financial Corporation Fined ₹9.88 Lakh by BSE for Non-Compliance On 27th Nov'25, BSE Ltd imposed a total fine of ₹9,88,840 on Gujarat State Financial Corporation for non-compliance with corporate governance requirements for the quarter ended 30th Sep'25. The penalties relate to the composition of the Board of Directors (₹5,42,800), constitution of the Audit Committee (₹2,17,120), and the Nomination and Remuneration Committee (₹2,17,120), all stemming from the absence of independent directors. The corporation argues this non-compliance arises from a conflict between SEBI regulations and its governing State Financial Corporations Act, 1951, which dictates its board composition. GSFC has requested BSE to waive the fines pending suitable amendments to the Act.
Please find attached the unaudited financial results for the quarter ended September 30, 2025 together with Limited Review Report, Statement of Assets and Liabilities, Cash Flow Statement ....
Financial Result · 10 Nov 2025, 6:13 pm