Gujarat credit Corporation Limited has issued a reminder-cum-forfeiture notice to shareholders regarding unpaid final call money on partly paid-up equity shares. The company's board of directors approved sending the final reminder-cum-forfeiture notice at their meeting held on January 7, 2026, in compliance with SEBI Regulation 30.

Outstanding Payment Details

The notice pertains to significant outstanding amounts from the company's equity share issue. The following table summarizes the key financial parameters:

Previous Communication and Current Action

This reminder-cum-forfeiture notice follows the company's earlier communication dated December 16, 2025, which initially addressed the final call on partly paid equity shares. The company had allotted shares under the issue, with shareholders having paid the application money portion but leaving the final call amount unpaid.

Regulatory Compliance

Gujarat Credit Corporation Limited has made this disclosure in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company communicated the board's decision to The Bombay Stock Exchange Limited, where it trades under BSE script code 511441.

Share Structure Impact

The unpaid final call money of ₹16.50 crore represents a substantial portion of the total issue size. With 2.20 crore partly paid-up equity shares remaining outstanding, the forfeiture notice serves as the final opportunity for shareholders to complete their payment obligations before potential share forfeiture proceedings.

Gujarat Credit Corporation Limited (GCCL) has announced its financial results for the half-year ended September 30, 2025, revealing a consolidated net loss of Rs 17.55 crore. This marks an improvement from the Rs 36.69 crore loss reported in the corresponding period of the previous year.

Financial Performance

The company, which operates in the real estate development segment, reported no revenue from operations during the period. However, its total expenses stood at Rs 17.54 crore for the half-year.

Consolidated Results

On a consolidated basis, GCCL's performance shows a more significant impact:

The consolidated net loss increased to Rs 40.65 crore, compared to Rs 36.69 crore in the same period last year. This includes a share of loss from an associate company accounted for using the equity method.

Balance Sheet Highlights

As of September 30, 2025, GCCL's consolidated balance sheet shows:

Cash Flow and Liquidity

The company's cash and cash equivalents stood at Rs 1.38 lakh as of September 30, 2025, a slight increase from Rs 1.18 lakh at the end of the previous financial year.

Financial Overview

The financial results indicate ongoing challenges in the real estate development segment, with no operational revenue generated during the period. The increase in expenses and the widening consolidated loss suggest that Gujarat Credit Corporation may be facing headwinds in its business operations. However, the reduction in standalone net loss compared to the previous year might indicate some cost management efforts by the company.

Investors and stakeholders will likely be looking for further guidance from the management on strategies to improve operational performance and return to profitability in the coming quarters.