Gujarat Credit Corporation Appoints M/s. Dhruv M Patel & Associates as Internal Auditors for FY 2025-26

1 min read     Updated on 02 Apr 2026, 03:46 AM
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AI Summary

Gujarat Credit Corporation Limited's Board of Directors approved the appointment of M/s. Dhruv M Patel & Associates, Chartered Accountants (FRN: 162705W), as Internal Auditors for FY 2025-26 during their meeting on 01st April, 2026. The appointment, recommended by the Audit Committee, ensures compliance with Companies Act, 2013 and SEBI listing regulations. Mr. Dhruvkumar Mohanbhai Patel, the firm's proprietor, brings expertise in accounting and auditing services to conduct internal audit activities for the financial year.

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Gujarat Credit Corporation Limited has appointed M/s. Dhruv M Patel & Associates, Chartered Accountants, as its Internal Auditors for the financial year 2025-26. The decision was approved by the company's Board of Directors during their meeting held on 01st April, 2026, following a recommendation from the Audit Committee.

Board Meeting Outcomes

The Board of Directors meeting commenced at 05:15 PM and concluded at 05:45 PM on 01st April, 2026. The primary agenda item was the appointment of internal auditors to ensure compliance with regulatory requirements.

Parameter: Details
Appointment Date: 01st April, 2026
Firm Name: M/s. Dhruv M Patel & Associates
Firm Registration Number: 162705W
Tenure: Financial Year 2025-26
Proprietor: Mr. Dhruvkumar Mohanbhai Patel

Regulatory Compliance

The appointment has been made to comply with applicable provisions of the Companies Act, 2013 and requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has fulfilled its disclosure obligations pursuant to Regulation 30 of SEBI regulations, read with SEBI circular No. CIR/CFD/CMD/4/2015 dated 9th September, 2015.

Internal Auditor Profile

M/s. Dhruv M Patel & Associates is a chartered accountancy firm with Firm Registration Number 162705W. Mr. Dhruvkumar Mohanbhai Patel, the proprietor of the firm, brings experience in the field of accounting, auditing and related services. The firm has been appointed on terms and conditions as decided by the board to conduct internal audit activities for the financial year 2025-26.

Corporate Information

Gujarat Credit Corporation Limited is incorporated with CIN: L72900GJ1993PLC020564 and has its registered office at A-115, Siddhi Vinayak Towers, B/h DCP Office, Off SG Highway, Makarba, Ahmedabad- 380051. The announcement was signed by Amam Shreyans Shah, Managing Director (DIN: 01617245), and communicated to BSE Limited as per listing requirements.

Historical Stock Returns for Gujarat Credit

1 Day5 Days1 Month6 Months1 Year5 Years
-100.00%-100.00%-100.00%-100.00%-100.00%-100.00%

What specific areas of Gujarat Credit Corporation's operations will the new internal auditors focus on to identify potential risks or compliance gaps?

How might this internal audit appointment impact Gujarat Credit Corporation's credit rating or investor confidence in the upcoming financial year?

Will the findings from M/s. Dhruv M Patel & Associates' internal audit influence Gujarat Credit Corporation's strategic decisions or operational restructuring?

Gujarat Credit Corporation Board Approves Forfeiture of 2.2 Crore Partly Paid-Up Equity Shares

1 min read     Updated on 07 Feb 2026, 04:37 PM
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Gujarat Credit Corporation Limited's board approved forfeiture of 2,20,00,000 partly paid-up equity shares of ₹10 face value each on February 07, 2026, after shareholders failed to pay first and final call amounts. The company had provided two payment windows - from December 18-31, 2025, and a final reminder period from January 08-22, 2026. The forfeiture decision is subject to Bombay Stock Exchange approval under SEBI regulations.

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Gujarat credit Corporation Limited's board of directors has approved the forfeiture of a substantial number of partly paid-up equity shares after shareholders failed to meet payment obligations despite extended deadlines. The decision was taken during a board meeting held on February 07, 2026, and requires regulatory approval from the Bombay Stock Exchange.

Board Meeting Outcome

The board meeting, which commenced at 03:30 p.m. and concluded at 03:50 p.m. on February 07, 2026, approved the forfeiture of 2,20,00,000 partly paid-up equity shares. The shares carry a face value of ₹10 each, and the forfeiture relates to unpaid first and final call amounts.

Parameter: Details
Shares Forfeited: 2,20,00,000
Face Value: ₹10 per share
Meeting Date: February 07, 2026
Meeting Duration: 03:30 p.m. to 03:50 p.m.
Approval Required: Bombay Stock Exchange (BSE)

Payment Timeline and Deadlines

The company had provided shareholders with two separate opportunities to deposit the required call amounts. Despite these extended windows, some shareholders failed to make the necessary payments, leading to the forfeiture decision.

Payment Window: Duration
First and Final Call: December 18, 2025 to December 31, 2025
Final Reminder cum Forfeiture Notice: January 08, 2026 to January 22, 2026

Regulatory Compliance

The forfeiture decision was communicated to the Bombay Stock Exchange Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company's BSE script code is 511441, and the forfeiture is subject to BSE approval.

Company Background

Gujarat Credit Corporation Limited is incorporated with CIN L72900GJ1993PLC020564 and has its registered office at A-115, Siddhi Vinayak Towers, B/h DCP Office, Off SG Highway, Makarba, Ahmedabad- 380051. The decision was approved under the leadership of Managing Director Amam Shreyans Shah (DIN: 01617245).

Historical Stock Returns for Gujarat Credit

1 Day5 Days1 Month6 Months1 Year5 Years
-100.00%-100.00%-100.00%-100.00%-100.00%-100.00%

More News on Gujarat Credit

1 Year Returns:-100.00%