GSL Securities Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The submission was made to BSE Limited and Calcutta Stock Exchange on April 09, 2026.

Regulatory Compliance Certificate

The confirmation certificate dated April 01, 2026 was received from Purva Sharegistry (I) Private Limited, the company's Registrar and Share Transfer Agent. The certificate confirms that securities received from depository participants for dematerialisation during the quarter were properly processed and confirmed to the depositories within prescribed timelines.

Dematerialisation Activities

During the quarter from January 01, 2026 to March 31, 2026, GSL Securities processed dematerialisation requests for multiple shareholders. The company's RTA confirmed that all security certificates received for dematerialisation were properly verified, mutilated, and cancelled after due verification by depository participants.

Quarter Summary

Shareholder Dematerialisation Details

The dematerialisation activities involved shareholders including Rajesh Kumar Kothane, Rasilaben M Shah, Rajasekhararao Garimella, Praful J Parikh, Suneet Kumar, and Vinod C Shah. Suneet Kumar accounted for the largest portion with 6 certificates totaling 600 shares processed on February 19, 2026.

Processing Timeline

• January 2026: 3 certificates (300 shares)
• February 2026: 8 certificates (800 shares)
• March 2026: No dematerialisation activities

Corporate Information

GSL Securities Limited, incorporated in 1994, operates from Mumbai with CIN L65990MH1994PLC077417. The company trades on BSE with scrip code 530469 and on Calcutta Stock Exchange with scrip code 17060. The submission was signed by Managing Director Santkumar Bagrodia (DIN: 00246168) and confirmed by Purva Sharegistry's Compliance Officer Ms. Deepali Gaonkar.

GSL Securities Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2025, revealing increased losses amid ongoing business challenges. The Mumbai-based financial services company reported significant operational difficulties during the third quarter of fiscal year 2026.

Financial Performance Overview

The company's financial performance for Q3 FY26 showed deteriorating trends across key metrics. GSL Securities reported a net loss of ₹27.26 lacs for the quarter ended December 31, 2025, representing a substantial increase from the ₹3.26 lacs loss recorded in the corresponding quarter of the previous year.

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, GSL Securities reported a net loss of ₹40.18 lacs compared to ₹15.72 lacs loss in the same period of the previous year. The company's total income for the nine-month period stood at ₹5.59 lacs, while total expenses reached ₹45.76 lacs, highlighting the significant gap between revenue generation and operational costs.

Expense Structure and Operational Challenges

The company's expense breakdown reveals substantial increases in operational costs. Employee benefits expense for Q3 FY26 was ₹9.52 lacs compared to ₹0.83 lacs in Q3 FY25. Other expenses surged to ₹17.97 lacs in Q3 FY26 from ₹2.09 lacs in the corresponding quarter of the previous year.

Capital Raising Initiative

Despite operational challenges, GSL Securities successfully completed a significant capital raising exercise during the quarter. On December 27, 2025, the company allotted 10,25,100 equity shares of face value ₹10.00 each at an issue price of ₹41.50 per share to non-promoters on a preferential basis.

Share Capital and Corporate Structure

Following the preferential allotment, the company's paid-up equity share capital increased from ₹3.25 crore to ₹4.27 crore. The reserves excluding revaluation reserves stood at ₹560.82 lacs as of December 31, 2025, compared to ₹252.42 lacs in the previous year. The company operates exclusively in financial activities as a single business segment.

Regulatory Compliance and Auditor Review

The unaudited financial results were reviewed by the statutory auditors V R S K & Co. LLP and approved by the Board of Directors in their meeting held on February 6, 2026. The auditors issued a clean limited review report, confirming compliance with applicable accounting standards and regulatory requirements under SEBI LODR Regulations 2015.