Gujarat Credit Corporation Ltd

Gujarat Credit Corporation Limited — Trading window closure from 1 October 2026 until 48 hours after the unaudited results for the quarter and half year ended 30 September 2026 are announced

Book closure details

• Book closure: 24 September 2026 to 30 September 2026 inclusive for the 33rd AGM.
• Purpose: for the 33rd Annual General Meeting.

Financial performance

• Standalone total income: 30.02 lakh; PAT: 1.57 lakh.
• Consolidated total income: 30.02 lakh; PAT: 8.24 lakh.
• Standalone EPS (basic): 0.02; Consolidated EPS: 0.10.
• Dividend for FY2025-26 not declared.
• Revenue from operations in Standalone: Nil.

Capital structure & liquidity

• Borrowings (non-current): 1,867.17 lakh.
• Total equity: 1,253.63 lakh; asset base: 3,358.81 lakh.
• Gearing ratio (Consolidated): 61.51%.
• Net debt: 1,866.90 lakh; total capital plus net debt: 3,034.88.
• Dematerialised shares: 74.32%; physical: 25.68%.

Dividends & capital allocation

• Dividend not declared for FY2025-26.
• Forfeiture of 2.20 crore equity shares; paid-up capital reconstituted to Rs 3 crore.

Governance & board changes

• Board as at 31-03-2026: 6 directors; 1 executive, 5 non-executive.
• Independent Directors: 3; Audit, Nomination & Remuneration, and Stakeholders' Relationship Committees.
• Vipul Patel and Apurva Hathi joined as Independent Directors on 3-Sep-2025.
• Laxminarayan Patel and Vipul Raja resigned on 4-Sep-2025.
• Priyank Jhaveri reappointed as Independent Director on 30-Sep-2025.
• Amam Shreyans Shah reappointed MD for five years from 4-Sep-2026.
• Bahubali Shah to continue as Non-Executive Director post 75 via special resolution.

Related party transactions & associates

• RPT with Servashanti Properties up to Rs 50 lakh per year; arm's length.
• Loans from related parties: 623.45; advances 33.69; income 32.00.
• Associate GCCL Infrastructure & Projects Limited: 48.98% stake; equity method.

Audit, risk & internal controls

• Statutory auditors: Sorab S. Engineer & Co.; term to 2027.
• Secretarial audit MR-3 issued; management responses provided.
• Internal controls adequate; no material weaknesses reported.
• CFO not appointed; appointment in progress.

Shareholding & investor info

• Promoters Bahubali Shah (20.00%), Amam Shah (3.33%).
• Promoter group holdings and top ten holders summarized in annual report.
• BigShare Services Pvt. Ltd. is the RTA; shares dematerialised with NSDL/CDSL.

AGM Details

• Date, time, mode: 30 September 2026, 12:30 PM IST, in-person at registered office.
• Record/book closure: Register of Members and Transfer Books closed 24-30 September 2026 (inclusive).
• Voting window: remote e-voting 27-29 September 2026.
• Voting eligibility: record date 23 September 2026.

Key Resolutions

• Adopt audited standalone and consolidated financial statements for FY ended 31 March 2026.
• Re-appoint Binoti Shah Jatinbhai by rotation.
• Continue Bahubali Shah as Non-Executive Director post attaining age 75.
• Re-appoint Amam Shreyans Shah as Managing Director for five years.
• Approve related party transactions with Servashanti Properties Private Limited up to Rs 50 lakh annually.

Voting Results

• Adoption of financial statements: outcome not disclosed.
• Re-appointment of Binoti Shah Jatinbhai: outcome not disclosed.
• Continuation of Bahubali Shah: outcome not disclosed.
• MD Amam Shreyans Shah re-appointment: outcome not disclosed.
• RPT with Servashanti: outcome not disclosed.

Dividend

• Dividend: no details disclosed in filing.

Directors & Appointments

• Binoti Shah Jatinbhai to be reappointed as director by rotation.
• Bahubali Shah to continue as Non-Executive Director after age 75.
• Amam Shreyans Shah to be reappointed Managing Director for five years.
• Remuneration terms to be mutually agreed; subject to Schedule V.

Related Party Transactions

• Related party: Servashanti Properties Private Limited.
• Nature: Lease of company-owned land.
• Effective date: 1 April 2026.
• Tenure: 11 months.
• Rent: Rs 3,00,000 per month; cap Rs 50 lakh for 2026-27.
• Arm's length: Yes.
• Audit Committee approved ratification on 1 April 2026.

Other Approvals

• Board authorized to delegate powers to committees to implement resolutions.

Meeting Details

• Board meeting scheduled for 04 September 2026; time and venue not disclosed.

Key Agenda Items

• Note Secretarial Audit Report for FY 2025-26.
• Consider and approve Directors' Report for FY ending 31 March 2026.
• Fix day/time/place for the 33rd AGM and related matters.
• Approve the Draft Notice for the 33rd AGM.
• Fix the Register of Members and Share Transfer Books closure date.
• Approve continuation of Mr Bahubali Shah as Non-Executive Director after 75.
• Re-appoint Amam Shreyans Shah as Managing Director for five years.
• Appoint a Scrutinizer to oversee AGM voting.
• Any other business as permitted by Chairman.

Other Notes

• Trading window closure periods are not disclosed in the filing.

Board actions

• Unaudited standalone and consolidated results for quarter ended 30 June 2026 approved.
• Limited review reports considered and attached.
• Appointment of Internal Auditor approved for FY 2026-27: M/s Dhruv M Patel & Associates.
• Appointment date: 10 August 2026.
• Single operating segment: Real Estate Development.

Standalone results

• Standalone total income Rs 9.00 Lacs; net loss after tax Rs 7.25 Lacs.
• Standalone total expenses Rs 16.70 Lacs; PBT Rs -7.70 Lacs.
• Standalone total comprehensive income Rs -6.17 Lacs.
• Paid-up equity share capital Rs 300.00 Lacs.

Consolidated results

• Consolidated total income Rs 30.02 Lacs.
• Consolidated net profit after tax Rs 26.13 Lacs.
• Share of profit from associate Rs 23.96 Lacs.
• Consolidated total comprehensive income Rs 7.04 Lacs.
• Consolidated paid-up equity share capital Rs 300.00 Lacs.

Meeting Details

• Date: 10 August 2026; time and venue not disclosed.

Key Agenda Items

• Unaudited standalone and consolidated financial results for quarter ended 30 June 2026 with Limited Review Report.
• Appointment of Internal Auditor for FY 2026-27.
• Consideration of any other business placed before the board with chairman's permission.

Other Notes

• Trading window closed for all directors/officers until 48 hours after unaudited Q1 FY 2026-27 results.

Dematerialisation processing status

• RTA processed all dematerialisation requests to depositories.
• Securities dematerialised have been listed on the stock exchange where existing securities are listed.
• Physical certificates for dematerialisation were mutilated and cancelled after verification.
• Depository name substituted as registered owner within the prescribed 15-day timeline.