Gujarat Credit Corporation Ltd

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.

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.

Gujarat Credit Corporation Limited trading window to close from 1 July 2026 until the end of 48 hours after the announcement of un-audited financial results for the quarter ended 30 June 2026

Financial Performance 📊

• Standalone total income was nil in Q3 and 9M FY26 versus Rs 4.46L and Rs 8L in prior year.
• Standalone loss before tax was Rs 7.01L in Q3 and Rs 24.55L in 9M FY26 versus profit/loss of Rs 0.78L/-5.16L prior year.
• Standalone net loss was Rs 7.01L in Q3 and Rs 24.56L in 9M FY26 versus profit/loss of Rs 0.42L/-6L prior year.
• Consolidated total income was nil in Q3 and 9M FY26, same as standalone.
• Consolidated loss before tax was Rs 7.01L in Q3 and Rs 24.55L in 9M FY26, same as standalone.
• Consolidated net loss was Rs 11.88L in Q3 and Rs 41.85L in 9M FY26, wider due to associate loss of Rs 4.87L in Q3 and Rs 17.29L in 9M.

Expenses & Capital 📊

• Employee benefits expense rose to Rs 3.76L in Q3 and Rs 11.28L in 9M FY26 from Rs 2.77L and Rs 8.25L prior year.
• Other expenses increased to Rs 3.20L in Q3 and Rs 13.15L in 9M FY26 from Rs 0.89L and Rs 4.82L prior year.
• Finance costs and depreciation remained minimal and stable.
• Paid-up equity share capital remained Rs 850L with Rs 10 par value per share.
• Other equity was Rs 402.37L standalone and Rs 451.82L consolidated as of Dec 31, 2025.

Corporate & Governance 🗓️

• Statutory auditors issued unqualified review opinions on standalone and consolidated results.
• New Indian Labour Codes effective Nov 21, 2025 have no significant impact on employee benefit provisions.

Business Model & Segments

• The company operates in a single segment: Real Estate Development.

📍 Board Decisions

• Board approved forfeiture of 22,000,000 partly paid-up equity shares due to non-payment of first and final call.
• Forfeiture is subject to approval from Bombay Stock Exchange (BSE).

🗓️ Meeting Details

• Board meeting scheduled for February 7, 2026.

📍 Key Agenda Items

• Consideration and approval of forfeiture of partly paid-up equity shares.