Gujarat State Financial Corporation

Gujarat State Financial Corporation — Trading Window closed from October 01, 2026 up to 48 hours after the declaration of unaudited financial results for the quarter and half-year ending September 30, 2026.

Board change

• Appointment: Shri Abhay Kumar Jain appointed Director on GSFC Board effective 17 August 2026, replacing Dinesh Kumar.
• Cessation: Shri Dinesh Kumar ceased to be Director with effect from 16 August 2026.
• Reason: SIDBI nominated Abhay Kumar Jain as replacement for Dinesh Kumar.
• Effective date: Appointment takes effect 17 August 2026; Dinesh Kumar ceased 16 August 2026.
• Profile: Abhay Kumar Jain, 41, B.Com; PG Diploma in Business Management.
• Experience: 19 years in SIDBI; former Head of Ahmedabad Branch Office.
• Other directorships: None.
• Not debarred: Not debarred from SEBI or other authorities.
• Committee membership: Member of Stakeholders Relationship Committee.
• Relation: Not related to any Director or KMP.

Key board disclosures

• Board approved unaudited Q1 FY2026-27 results for quarter ended 30 June 2026 after Limited Review.
• Total income 406.15 lakh; net loss from ordinary activities after tax 1967.66 lakh; EPS (2.21).
• Interest expended 2328.36 lakh; total expenditure 2371.31 lakh; operating loss before provisions (1965.16) lakh.
• Auditor's Limited Review qualified: going concern and government dues uncertainties; effect on results not determinable.
• Board discontinued default interest on Gujarat government soft loan from Apr 1, 2026; 1220.79 lakh not provided.
• NPA: gross and net at 39,743.80 lakh; 100% of advances.
• No reportable segments; operations centred on term lending.
• Extract of results released in Financial Express; available on GSFC website.
• Board meeting held on Aug 10, 2026.

Meeting Details

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

Key Agenda Items

• To consider and record the unaudited financial results for the quarter ended June 30, 2026.

Other Notes

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

AGM details

• Date and time: 30 July 2026, 1:00 PM; physical meeting at Head Office.
• Remote e-voting: 27–29 July 2026; ballot voting allowed at meeting.
• Record date for voting: 30 January 2026.

Key resolutions and results

• Resolution 1: adoption of audited financial statements; passed with 100% in favour.
• Resolution 2: appoint J.H. Mehta & Co. as statutory auditors; remuneration to be fixed; passed 100%.

AGM Details

• Date and time: 30 July 2026, 1:00 pm to 2:10 pm.
• Mode: Physical; venue: Head Office, Gandhinagar.
• Quorum met: 46 members present.
• Remote e-voting facility offered from July 27 to 29, 2026.

Key Resolutions

• Adopt audited financial statements for the year ended 31 March 2026.
• Appoint J.H. Mehta & Co as Statutory Auditors from this AGM to next AGM; remuneration to be fixed.

Voting Results

• Outcome pending; results to be declared after Scrutinizer's report.

Dividend

• No dividend proposed or approved.

Director Changes

• No director changes announced.

Material Related Party Transactions

• Material RPTs: none reported.

Other Material Approvals

• No other material approvals reported.

Dematerialisation status

• Dematerialisation requests received during the reporting quarter were confirmed to depositories as accepted or rejected.
• Securities dematerialised have been listed on the stock exchanges.
• Physical certificates for dematerialisation were mutilated and cancelled; depository name updated as registered owner within the prescribed timeline.