GCCL Infrastructure & Projects Ltd

GCCL INFRASTRUCTURE & PROJECTS LIMITED trading window closed from 1 October 2026 till end of 48 hours after the announcement of unaudited financial results for the quarter and half year ended 30 September 2026

Book closure details

• Book closure from 24 September 2026 to 30 September 2026 (inclusive).
• Purpose: 32nd Annual General Meeting.
• Cut-off date for voting entitlement: 23 September 2026 (remote e-voting and AGM voting).
• AGM date and time: 30 September 2026 at 10:30 a.m.
• Security: equity shares.

Financial snapshot

• Total income for FY2026: 59.99 Lakhs, up from 0.86 FY2025.
• Profit after tax: 13.62 Lakhs; prior year loss 122.51.
• EPS (basic/diluted): 3.56 Rs.
• Dividend not declared for FY2026.
• Net cash from operations: 8.46 Lakhs; cash at year-end: 83.07 Lakhs.
• Net increase in cash and cash equivalents: 81.63 Lakhs.

Capital structure & capital reduction

• Equity share capital reduced from 600.55 to 38.24 Lakhs per NCLT plan.
• Capital reduction filed with BSE; approval awaited.
• Net debt: 48.85 Lakhs; gearing: 10.26%.
• Borrowings: 149.17 Lakhs; cash & bank balances: 100.32 Lakhs.
• Share capital after reduction: 38.24 Lakhs.

IBC-driven restructuring & business outlook

• Resolution plan under IBC approved by NCLT on 05 Sep 2023.
• Amalgamation with Shreyarth Aaspas Ltd; capital restructuring in progress.
• Two business segments envisaged post-plan; approvals pending.
• FY26 revenue from operations nil; pivot toward asset trading.

Governance & board changes

• Smruti Shreyans Shah died on 17 Apr 2025.
• Sheila Bharat Shah appointed Additional Non-Executive Director on 01 Aug 2025.
• Sohitkumar Mehta appointed Company Secretary on 15 Sep 2025.
• Vinod Rana resigned as Company Secretary on 30 Jun 2025.
• Board met 8 times in FY2025-26; one woman director on board.

Audit, controls & risk

• Statutory audit: Sorab S. Engineer & Co. reaffirmed, five-year term to 2027.
• Secretarial audit MR-3; 8 observations; management responses filed.
• Material uncertainty related to going concern flagged due to IBC process.
• Internal Financial Controls deemed adequate and operating effectively.

Related party transactions

• RPTs with Gujarat Credit Corporation Ltd (holding company) at arm's length.
• Net loan repayment to related parties: Rs 84.30 Lakh in FY26.
• Trade receivables from related parties: Rs 41.99 Lakh; payables: Rs 66.30 Lakh.
• Audit Committee approvals required for related party transactions; omnibus approvals used for repetitive items.

Shareholding & liquidity

• Listed on BSE; trading suspended.
• Dematerialised shares: 63.69%; ISIN INE438F01013.
• Top holders: Gujarat Credit Corporation Ltd 48.98%; Amam Shah 8.82%.
• Outstanding shares: 3,82,380; post-reduction share capital: 38.24 Lakhs.

AGM Details

• Date and time: 30 September 2026 at 10:30 a.m.; venue: registered office.
• Mode: physical AGM with remote e-voting facility available.
• Record date for voting: 23 September 2026.
• Members' Register and Share Transfer Books close 24 September to 30 September 2026.

Key Resolutions

• Ordinary: Adopt audited financial statements for the year ended 31 March 2026.
• Ordinary: Reappoint Sheila Bharat Shah, who retires by rotation, for reappointment.
• Special: Approve continuation of Dhirendra Ansukhlal Avashia as Non-Executive Independent Director after age 75.

Voting Status

• Voting results are not provided in this notice.

Meeting Details

• Board meeting scheduled for 04 September 2026 at the registered office.

Key Agenda Items

• Take note of the Secretarial Audit Report for FY 2025-26.
• Approve Directors' Report with annexures for FY ended 31 March 2026.
• Fix date/time/place for the 32nd AGM and related matters.
• Approve the draft AGM notice for circulation to members.
• Fix the Register of Members and Share Transfer Books closure dates for AGM.
• Continue Dhirendra Ansukhlal Avashia as Non-Executive Independent Director post-75.
• Appoint a Scrutinizer for the AGM voting process.
• Transact any other business with the Chairman's permission.

Other Notes

• No trading window closure details disclosed in the filing.

Financial highlights

• Board approves standalone unaudited results for quarter ended 30 June 2026.
• Total income Rs 59.37 Lacs.
• Net loss after tax Rs (177) Lacs.
• EPS (basic/diluted) for quarter: (0.46).
• Single operating segment: Trading in Real Estate Materials.
• Paid-up equity share capital Rs 38.24 Lacs.

Internal audit appointment

• Appointed M/s N H Shah & Co as Internal Auditors for FY 2026-27.
• Date of appointment: 10 August 2026.

Going concern and insolvency

• Note indicates material uncertainty on going concern due to pre-pack insolvency resolution.
• NCLT order dated 05 Sept 2023; amalgamation in progress.

Additional disclosures

• Results pertain to standalone unaudited financials; notes reference regulatory disclosures under SEBI LODR.

Meeting Details

• Date: 10 August 2026; venue: Registered Office, A-115 Siddhi Vinayak Towers, off SG Highway, Ahmedabad.

Key Agenda Items

• Consider and approve unaudited standalone results for quarter ended 30 June 2026, with Limited Review Report.
• Consider and approve appointment of Internal Auditor for FY 2026-27.

Other Notes

• Trading window closed for directors/officers/designated employees until 48 hours after the unaudited June 2026 results.

Dematerialisation processing and ownership updates

• Dematerialisation requests received during the period were processed and confirmed to depositories.
• Securities dematerialised have been listed on the stock exchange where the earlier issued securities are listed.
• Physical certificates for dematerialisation were mutilated and cancelled after verification, and the depository name substituted within 15 days.