Gsl Securities Limited has announced its intention to voluntarily delist its equity shares from the Calcutta Stock Exchange Limited (CSE). The company's Board of Directors approved the proposal on August 2, 2025, citing several reasons for this strategic move.

Reasons for Delisting

The primary factors driving this decision include:

1. Lack of trading activity on CSE
2. Reducing recurring expenditure on listing fees
3. Minimizing financial and administrative burdens
4. Streamlining compliance procedures

Continued Listing on BSE

It's important to note that GSL Securities will continue to be listed on BSE Limited (BSE), ensuring nationwide accessibility and liquidity for investors. The company emphasized that this delisting from CSE will not adversely affect investors, as they will still have full access to trade and deal in the company's equity shares on BSE.

Regulatory Compliance

The decision to delist from CSE is in accordance with Regulation 5 and Regulation 6 of the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021. GSL Securities is in the process of making an application for voluntary delisting of its equity shares from CSE.

Public Notice

As part of the regulatory requirements, GSL Securities has published public notices regarding this proposed delisting in multiple newspapers, including:

1. Active Times (English - All India editions)
2. Mumbai Mitra (Hindi - All India editions)
3. Sukhabar (Bengali - Kolkata)

Investor Information

For any queries or further information regarding the delisting process, investors may contact the company at its registered office. The company has assured that it will keep shareholders informed about the progress of the delisting application.

This move by GSL Securities reflects a growing trend among companies to streamline their listings and focus on more active trading platforms. While the delisting from CSE may simplify operations for the company, it's crucial for investors to note that their ability to trade GSL Securities shares remains unaffected due to the continued listing on BSE.

Gsl Securities Ltd has announced its financial results for the first quarter, along with several key corporate decisions. The company's board meeting, held on August 2, approved various measures aimed at restructuring and strengthening its financial position.

Financial Performance

Gsl Securities reported a net loss of Rs 6.98 lakhs for Q1, showing a slight improvement from the Rs 7.87 lakhs loss in the corresponding quarter of the previous year. The company's financial results reveal zero revenue from operations during the quarter, indicating ongoing challenges in its core business activities.

Preferential Share Issue

In a significant move to raise capital, the board has approved a preferential issue of 10,25,100 equity shares at Rs 41.50 per share. This issue aims to raise Rs 4,25,41,650 from three non-promoter strategic investors:

1. Shrikant Mitesh Bhangdiya
2. Aarti Shrikant Bhangdiya
3. Sonal Kirtikumar Bhangdiya

Each investor will receive 3,41,700 shares, representing a 7.99% stake in the company post-allotment. This decision is subject to shareholder approval at the upcoming Annual General Meeting (AGM).

Corporate Governance and Management Changes

The board has made several key decisions to strengthen its corporate governance:

1. Re-appointment of Santkumar Bagrodia as Managing Director for one year from October 1, subject to shareholder approval.
2. Adoption of a new set of Articles of Association in line with the Companies Act, 2013.
3. Approval for voluntary delisting from the Calcutta Stock Exchange while maintaining listing on the BSE.
4. Re-appointment of M/s. Shiv Hari Jalan & Co. as Secretarial Auditors.

Upcoming Annual General Meeting

The company has scheduled its Annual General Meeting for August 30, at its registered office in Mumbai. The AGM will address these significant corporate actions and seek necessary approvals from shareholders.

Gsl Securities' moves to raise capital through preferential issue and streamline its corporate structure indicate efforts to navigate challenging market conditions and position the company for potential future growth.