GCM Securities has fixed the book closure period from September 19, 2026 to September 25, 2026 for its upcoming Annual General Meeting. The company’s board approved these details alongside FY26 results during its meeting on September 3, 2026.

The 31st AGM is scheduled for September 25, 2026, at 11:30 am via Video Conferencing or Other Audio Visual Means (OAVM). Shareholders holding shares on record during the closure period will be eligible to participate in the meeting.

Book Closure Details

The Register of Members and Share Transfer Books will remain closed for six days to determine eligibility for the AGM. The specific dates are as follows:

Governance Appointments

The board recommended the re-appointment of Mr. Inder Chand Baid as Chairman and Mr. Manish Baid as Managing Director. Both appointments are for five-year terms, following standard rotation procedures under Section 152(6) of the Companies Act, 2013.

Additionally, M/s Kriti Daga was appointed as Secretarial Auditors for a five-year term. This aligns with Regulation 24A of the SEBI (LODR) Regulations, 2015, and Section 204 of the Companies Act, 2013. M/s Kriti Daga also serves as Scrutinizer to monitor e-voting at the AGM.

Compliance Updates

GCM Securities notified the Bombay Stock Exchange on August 29, 2026, regarding the agenda items. This notification complies with Regulation 29 of the SEBI (LODR) Regulations, 2015. The intimation for book closure was issued pursuant to Section 91 of the Companies Act, 2013 and Regulation 42 of SEBI LODR Regulations, 2015.

GCM Securities reported a standalone net profit of ₹44.94 lakh for the quarter ended June 30, 2026, reversing a loss of ₹123.37 lakh recorded in the preceding quarter. The company’s total income rose to ₹75.12 lakh from a deficit of ₹38.43 lakh in Q4FY26, primarily supported by other income contributions.

The Board of Directors approved the unaudited financial results in a meeting held on August 13, 2026. The results were reviewed by the statutory auditors, Maheshwari & Co., who issued a limited review report pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

Total expenses declined significantly to ₹29.43 lakh in Q1FY27, down from ₹85.98 lakh in the previous quarter. This reduction was driven by lower employee benefit expenses, which fell to ₹5.82 lakh from ₹18.12 lakh, and the absence of trading losses that had impacted the prior period. Other expenses increased slightly to ₹14.27 lakh from ₹4.75 lakh.

Revenue from operations was not disclosed for the current or preceding quarters. Other income contributed ₹75.12 lakh to total income, compared to a negative contribution of ₹38.43 lakh in Q4FY26 and ₹9.66 lakh in Q1FY26. Depreciation and amortization expenses remained stable at ₹6.78 lakh, down from ₹9.62 lakh in the previous quarter.

What the Numbers Show

The company’s profitability in Q1FY27 was heavily influenced by non-operating items. With revenue from operations unreported, other income constituted the entirety of the reported total income. Additionally, other comprehensive income added ₹320.87 lakh to the total comprehensive income, driven by fair value changes on instruments carried at FVTOCI. This highlights a significant dependency on investment revaluation for overall equity growth, rather than core operational revenue generation.

Auditor Observations

Maheshwari & Co. noted in their limited review report that interest income was not recognized on outstanding advances given to various parties, as the income could not be crystallized. The management believes it will recover the principal amounts soon. The company has considered Expected Credit Loss (ECL) provisions for these parties as per its policy, treating them as credit-impaired financial assets. The auditors relied on management’s representations regarding these loans and ECL provisions due to the absence of further details.

The company also disclosed having few dormant bank accounts with HDFC Bank and IndusInd Bank, holding a balance of ₹0.09 lakh. These balances are pending confirmation and may require adjustments upon receipt of relevant statements.