Geetanjali Credit and Capital Limited has relocated its corporate office from Jodhpur, Rajasthan to Ahmedabad, Gujarat, effective June 25, 2026. The Board of Directors approved the shift during a meeting held on the same day, moving the registered address to B/607, Titanium City Centre, 100 ft Road, Anand Nagar Road, Satellite, Ahmedabad - 380015. The previous office was located at E-154, 2nd Floor, Shastri Nagar, Jodhpur K.U.M. Bhagat Ki Kothi, Jodhpur, Rajasthan, India, 342005.

Board Meeting Details

The meeting was convened in compliance with Regulation 30 of the SEBI (LODR) Regulation, 2015. The proceedings began at 04:15 PM and concluded at 04:45 PM on June 25, 2026. The primary agenda item was the approval of the new corporate address.

Key Approvals

The Board's decision to shift the corporate office was the sole transaction passed during the meeting. The change in location is intended to facilitate better operational efficiency for the company.

The intimation regarding the outcome of the board meeting was submitted to The BSE Limited on June 25, 2026. The filing was signed by Dharmendra Vyas, Managing Director of Geetanjali Credit and Capital Limited.

Geetanjali Credit and Capital Limited disclosed its audited standalone financial results for the quarter and year ended March 31, 2026, at a Board of Directors meeting held on May 16, 2026. The company reported a turnaround to profitability at the full-year level, while statutory auditors S K Bhavsar & Co. issued a qualified opinion on the financial statements, flagging material concerns related to loan recoverability and an unresolved income tax demand — both appearing for the second consecutive time.

Financial Performance: FY26 vs FY25

The company recorded total income of Rs. 9.00 lakhs for the year ended March 31, 2026, entirely from revenue from operations, compared to nil revenue in the corresponding period of the previous year. Total expenses for FY26 stood at Rs. 7.50 lakhs, resulting in a net profit of Rs. 1.50 lakhs, against a net loss of Rs. 3.44 lakhs in FY25. The basic and diluted earnings per share from continuing operations for FY26 stood at Rs. 0.03, compared to a loss per share of Rs. (0.08) in FY25. For the quarter ended March 31, 2026, the company reported revenue from operations of Rs. 9.00 lakhs and a profit before tax of Rs. 5.81 lakhs, compared to a loss of Rs. (1.72) lakhs in the quarter ended March 31, 2025.

The following table summarises the key financial results:

Cash Flow Summary

The company's cash flow statement for the year ended March 31, 2026 reflected net cash used in operating activities of Rs. (5.76) lakhs, compared to Rs. (1.72) lakhs in the previous year, primarily on account of an increase in trade receivables of Rs. (10.62) lakhs. Net cash from financing activities stood at Rs. 4.90 lakhs, driven by receipt of short-term borrowings. The net decrease in cash and cash equivalents during the year was Rs. (0.86) lakhs, with the closing cash balance at Rs. 0.25 lakhs against an opening balance of Rs. 1.11 lakhs.

Balance Sheet Highlights

Total assets as at March 31, 2026 stood at Rs. 337.10 lakhs, up from Rs. 327.34 lakhs as at March 31, 2025. Non-current assets remained unchanged at Rs. 321.70 lakhs, while current assets increased to Rs. 15.40 lakhs from Rs. 5.63 lakhs, primarily driven by trade receivables of Rs. 10.62 lakhs recorded in FY26 against nil in the prior year. Total equity stood at Rs. 310.70 lakhs as at March 31, 2026, compared to Rs. 309.20 lakhs in the previous year. The paid-up equity share capital remained unchanged at Rs. 441.92 lakhs with a face value of Rs. 10.00 per share. Total liabilities stood at Rs. 26.40 lakhs and net worth at Rs. 310.70 lakhs.

Qualified Audit Opinion: Key Concerns

Statutory auditors S K Bhavsar & Co. issued a qualified opinion on the standalone financial results, citing two significant matters, both appearing for the second consecutive time:

• Loans and Advances of Rs. 256.27 lakhs: The company, being an NBFC, has outstanding loans and advances of Rs. 256.27 lakhs for which no balance confirmations were received from parties during the audit. The auditors noted that management recorded interest income on these loans, which is not in compliance with the Non-Performing Asset (NPA) norms issued by the Reserve Bank of India (RBI). The company has also not been following NPA provisioning norms on these loans and advances. Management has stated that the company is in the process of recovering these past loans and advances.
• Income Tax Demand of Rs. 529.75 lakhs: An outstanding demand of Rs. 529.75 lakhs from the Income Tax Department was noted. The company did not provide documentary evidence of any appeal proceedings pending against the said order, leaving the auditors unable to determine the duration or quantum of the amount payable. Management has stated that an appeal has been filed before the Appellate Tribunal and the matter is under process.

The auditors also drew attention to the non-appointment of an Internal Auditor for the entire financial year 2025-26, constituting non-compliance with Section 138 of the Companies Act, 2013. Additional observations included the absence of MSME creditor bifurcation in trade payables, unconfirmed supplier advances, and the non-availability of balance confirmation letters and age-wise analysis for certain trade receivable and payable balances as at March 31, 2026. The auditors further noted the non-availability of satisfactory supporting documents for completeness of valuation of inventory as on March 31, 2026.

The Statement of Impact of Audit Qualifications confirmed that since the qualifications pertain to matters where the impact depends on uncertain future events, no adjustments have been made to the reported figures. The audited and adjusted figures for turnover, total expenditure, net profit, EPS, total assets, total liabilities, and net worth remain unchanged at Rs. 9.00 lakhs, Rs. 7.50 lakhs, Rs. 1.50 lakhs, Rs. 0.03, Rs. 337.10 lakhs, Rs. 26.40 lakhs, and Rs. 310.70 lakhs respectively.

Board Appointments and Governance Changes

At the Board meeting held on May 16, 2026, the company approved two new director appointments and reconstituted various board committees. The details of the appointments are as follows:

The Board meeting commenced at 03:00 PM and concluded at 04:15 PM. The financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors at their respective meetings held on May 16, 2026.