GSL Securities has voluntarily delisted its equity shares from The Calcutta Stock Exchange Limited (CSE) effective July 1, 2026. The delisting follows an approval granted by the CSE under the SEBI (Delisting of Equity Shares) Regulations, 2021. Consequently, the company's shares will no longer be available for trading on the CSE platform.

The equity shares of GSL Securities will continue to remain listed on The BSE Limited (BSE). The BSE Scrip Code for the company is 530469. The decision to delist from CSE was communicated to the BSE via a letter dated July 3, 2026, signed by Santkumar Bagrodia, Managing Director of the company.

The CSE issued a notice on June 30, 2026, informing members of the exchange about the delisting. The notice confirmed that the delisting was consequent upon the approval of the voluntary delisting request by the exchange.

The following table details the delisting information:

GSL Securities is headquartered at Tardeo Road, Mumbai. The company's CIN is L65990MH1994PLC077417.

GSL Securities Limited reported its audited financial results for the quarter and year ended March 31, 2026, as approved by its Board of Directors at a meeting held on May 08, 2026. The company, which operates in the financial activities segment, recorded a wider net loss for the full year, even as total income improved year-on-year. The statutory audit was conducted by M/s. V R S K & Co. LLP, Chartered Accountants (Firm Registration No. 111426W), which issued an unmodified opinion on the financial statements. Managing Director Santkumar Bagrodia signed the declaration pursuant to Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company subsequently filed copies of the newspaper clippings containing the audited financial results with BSE Limited and Calcutta Stock Exchange Limited on May 11, 2026, confirming publication in Active Times and Mumbai Lakshadeep on May 10, 2026.

Financial Performance: FY26 vs FY25

For the year ended March 31, 2026, GSL Securities reported total income of Rs. 5.59 lakhs, comprising entirely of other operating income, compared to Rs. 1.68 lakhs in the previous year. The company recorded no revenue from operations in either period. Total expenses for FY26 rose to Rs. 36.96 lakhs from Rs. 26.06 lakhs in FY25, driven by higher employee benefits expense and other expenses. The net loss from ordinary activities after tax widened to Rs. 31.38 lakhs in FY26 from Rs. 16.46 lakhs in FY25.

The following table summarises the key financial metrics for the full year:

Quarterly Performance: Q4 FY26

For the quarter ended March 31, 2026, the company reported total income of Rs. 0.00 lakhs and total expenses of Rs. (8.80) lakhs, resulting in a profit before tax of Rs. 8.80 lakhs. Net profit after tax for the quarter stood at Rs. 8.80 lakhs, compared to a net loss of Rs. 0.74 lakhs in the corresponding quarter of the previous year. Other comprehensive income for Q4 FY26 was Rs. 7.38 lakhs, bringing total comprehensive income for the quarter to Rs. 16.18 lakhs.

Balance Sheet Highlights

GSL Securities' total assets expanded significantly to Rs. 992.19 lakhs as at March 31, 2026, from Rs. 587.08 lakhs as at March 31, 2025. The growth was primarily driven by a sharp increase in cash and cash equivalents, which rose to Rs. 382.65 lakhs from Rs. 5.31 lakhs, and non-current investments, which increased to Rs. 553.16 lakhs from Rs. 525.62 lakhs. Paid-up equity share capital increased to Rs. 427.51 lakhs from Rs. 325.00 lakhs, reflecting the preferential equity share issue during the year. Other equity also rose to Rs. 548.15 lakhs from Rs. 256.62 lakhs.

Cash Flow and Preferential Issue

The cash flow statement for the year ended March 31, 2026 reflects net cash used in operating activities of Rs. 36.48 lakhs, compared to Rs. 26.22 lakhs in the previous year. Net cash generated from investing activities stood at Rs. 17.27 lakhs, primarily from the sale of shares amounting to Rs. 17.27 lakhs. The company raised Rs. 396.56 lakhs through the issue of preferential equity shares (net), resulting in a net increase in cash and cash equivalents of Rs. 377.35 lakhs during the year. The closing cash and cash equivalents balance stood at Rs. 382.65 lakhs, compared to Rs. 5.30 lakhs at the start of the year.

Statutory auditors M/s. V R S K & Co. LLP also certified the utilisation of funds raised through the preferential issue. As per the certificate, out of a total allocation of INR 4,25,41,650, the company had utilised INR 42,76,263 till March 31, 2026, with a balance of INR 3,82,65,387 remaining in the bank account.

Board Decisions and Auditor Appointments

At the Board meeting held on May 08, 2026, the following key decisions were also taken:

• Re-appointment of Internal Auditor: Mr. Akshaya Poddar, Chartered Accountant, was re-appointed as Internal Auditor for the financial year 2026-27, effective May 08, 2026.
• Re-appointment of Secretarial Auditor: Mr. Shiv Hari Jalan, Proprietor of M/s. Shiv Hari Jalan & Co., Company Secretaries in Practice (C.P. No. 4226), was re-appointed as Secretarial Auditor for a period of one year, from April 1, 2026 to March 31, 2027. The firm has over thirty nine years of experience in compliance audit, secretarial audit, legal due diligence, and allied areas.
• No provision for income tax has been made for the current year; provision for deferred tax has been made on timing differences on account of depreciation on fixed assets.
• The company operates in a single segment, namely financial activities.
• One investor complaint was received and disposed of during the period, with nil unresolved complaints.