GSL Securities reported a net loss of ₹8.49 lakh for the quarter ended June 30, 2026 (Q1FY27), widening from a ₹6.98 lakh loss in the corresponding period of FY26. The Mumbai-based financial services firm recorded zero revenue from operations and zero other income during the quarter, while total expenses rose to ₹8.49 lakh from ₹7.68 lakh year-on-year. This deterioration highlights continued operational challenges as the company generates no operating cash flow, relying entirely on capital reserves to meet its obligations.

The Board of Directors approved the unaudited financial statements on July 29, 2026, following a limited review by statutory auditors V R S K & Co. LLP. The results were filed with the stock exchanges under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. No provision for income tax was made for the current period, as provisions are calculated at year-end. However, a provision for deferred tax was recognized on timing differences related to depreciation on fixed assets.

Financial Performance Highlights

The company’s total comprehensive income stood at ₹0.71 lakh for Q1FY27, driven by other comprehensive income of ₹9.20 lakh which offset the net operating loss. Employee benefit expenses increased significantly to ₹4.40 lakh from ₹1.12 lakh in the prior year quarter, while other expenses were ₹4.09 lakh compared to ₹6.56 lakh previously. The equity share capital remained at ₹427.51 lakh, and reserves stood at ₹548.86 lakh.

Leadership and Corporate Actions

The Board re-appointed Santkumar Bagrodia as Managing Director for a one-year term effective from October 1, 2026, to September 30, 2027. The appointment is subject to shareholder approval at the upcoming Annual General Meeting (AGM). Mr. Bagrodia, who has been affiliated with the company since March 1994, is the spouse of Non-Executive Director Shailja Bagrodia. The Board confirmed that he is not debarred from holding office by any SEBI order.

AGM Details and Fund Utilization

GSL Securities will hold its Annual General Meeting on Monday, September 7, 2026, at 10:00 a.m. at its registered office in Tardeo, Mumbai. The cut-off date for determining voting eligibility via electronic means is August 31, 2026. The Register of Members and Share Transfer Books will remain closed from September 1, 2026, to September 7, 2026. Shiv Hari Jalan & Co., Practicing Company Secretaries, has been appointed as the Scrutinizer for the e-voting process.

Regarding capital raised through a preferential issue, V R S K & Co. LLP certified that ₹1.31 crore out of an allocated ₹4.25 crore had been utilized by June 30, 2026. Of this, ₹1.03 crore was used for working capital requirements and ₹28.48 lakh for general corporate purposes, leaving a balance of ₹2.94 crore available in bank accounts.

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.