Gujarat State Financial Corporation will conduct its 66th Annual General Meeting (AGM) on July 30, 2026, at 1.00 p.m. at its Head Office in Udyog Bhavan, Gandhinagar. The meeting will be held to transact the business outlined in the notice, which has been published in the Financial Express and uploaded to the Corporation's website.

The Corporation has dispatched the Annual Report for the financial year 2025-26 via email to shareholders who have registered their email addresses. Physical copies have been dispensed with for those without registered email IDs, in line with SEBI relaxations. The Annual Report and AGM notice are available for download on the Corporation’s website, BSE Ltd, and CDSL platforms.

Remote e-voting facilities will be available through Central Depository Services (India) Ltd (CDSL) from July 27 at 09.00 hours IST to July 29 at 17.00 hours IST. Shareholders whose names appear on the Register of Members or depository records as of January 30, 2026, are eligible to vote. Those who vote remotely may attend the AGM but cannot vote again.

M/s. Spanj & Associates, Practicing Company Secretaries, have been appointed as the Scrutinizer for the e-voting and poll process. The results will be published on the Corporation’s website and CDSL’s portal following the meeting.

The Register of Members and Share Transfer Books will remain closed from July 28, 2026, to July 30, 2026, for the purpose of the AGM. Shareholders seeking login credentials or assistance can contact the R&T Agents or the Corporation’s Secretarial Cell.

Key AGM and E-voting Details

Gujarat State Financial Corporation reported a net loss of ₹127.29 crore for the financial year ended March 31, 2026, an increase of 1.56% compared to the previous year's loss of ₹125.34 crore. Total income for the year declined to ₹16.44 crore from ₹17.25 crore in FY25, primarily due to a decrease in other income. The corporation's accumulated losses stood at ₹3,552.45 crore as of March 31, 2026, with its net worth completely eroded.

The board has scheduled the 66th Annual General Meeting for July 30, 2026, at 1.00 p.m. IST at its Head Office in Gandhinagar. Shareholders will consider the adoption of audited financial statements for FY26 and the appointment of M/s. J.H. Mehta & Co., Chartered Accountants, as the new statutory auditors. The appointment is proposed for a term of one year, subject to RBI eligibility, with a remuneration of ₹90,000 plus GST and out-of-pocket expenses.

Financial Performance

Interest income for the year stood at ₹14.32 lakh, while interest on deposits was ₹1,615.49 lakh. Total expenditure increased marginally to ₹143.73 crore, driven by interest on borrowings which rose to ₹141.20 crore. The corporation continues to focus solely on recovery of dues, having recovered ₹0.83 crore during the year against ₹2.12 crore in the previous year.

Meeting Details

Remote e-voting will be facilitated by Central Depository Services (India) Ltd (CDSL) from July 27, 2026, at 9.00 a.m. until July 29, 2026, at 5.00 p.m. The book closure will be in effect from July 28, 2026, to July 30, 2026. The record date for determining shareholder eligibility is January 30, 2026.