GFL Limited , a diversified investment company, has announced its financial results for the second quarter and half-year ended September 30, 2025, revealing a mixed performance across its standalone and consolidated operations.

Standalone Performance

On a standalone basis, GFL Limited reported a profit of Rs. 90.00 lakhs for the half-year ended September 30, 2025, marking a significant turnaround from a loss of Rs. 3,477.00 lakhs in the corresponding period of the previous year. The company's revenue from operations for the half-year stood at Rs. 184.00 lakhs, compared to Rs. 166.00 lakhs in the same period last year.

Consolidated Results

The consolidated financial results, which include the performance of its subsidiary INOX Infrastructure Limited and associate PVR INOX Limited, show a different outcome. For the half-year, GFL Limited posted a consolidated profit of Rs. 647.00 lakhs, a substantial improvement from a loss of Rs. 6,187.00 lakhs in the previous year's corresponding period.

Quarterly Performance

For the quarter ended September 30, 2025, the company's standalone and consolidated results are as follows:

Key Financial Highlights

• The company's standalone revenue from operations remained stable at Rs. 92.00 lakhs for Q2 FY2026.
• Consolidated profit for Q2 FY2026 was significantly boosted by the share of profit from its associate, amounting to Rs. 1,652.00 lakhs.
• The consolidated balance sheet shows total assets of Rs. 2,69,266.00 lakhs as of September 30, 2025.
• GFL Limited maintains a strong equity position with a consolidated equity of Rs. 2,52,686.00 lakhs.

Management Commentary

Devendra Kumar Jain, Managing Director of GFL Limited, stated, "The Board of Directors has approved these results, which were reviewed by the Audit Committee. We are pleased with the turnaround in our standalone operations and the overall improvement in our consolidated performance."

Auditor's Review

The financial results have undergone a limited review by the company's statutory auditors, Patankar & Associates, who have issued an unmodified review report. This indicates that the auditors found no significant issues or discrepancies in the financial statements.

Outlook

While GFL Limited has shown improvement in its financial performance, the company continues to navigate a complex economic environment. The significant contribution from its associate, PVR INOX Limited, underscores the importance of its investment portfolio in driving overall results.

The company's focus on investments and allied activities as its single operating segment suggests that its performance will continue to be closely tied to the broader market trends and the success of its investment strategies.

GFL Limited's ability to sustain profitability and grow its revenue streams will be crucial factors in determining its long-term financial health and shareholder value creation.

GFL Limited , a prominent company in the Indian market, recently conducted a virtual shareholder meeting as directed by the National Company Law Tribunal (NCLT), Ahmedabad Bench. The meeting, held on November 30, 2020, was facilitated through video conferencing using the CDSL platform, adhering to modern corporate governance practices in the face of ongoing global challenges.

Meeting Highlights

• Chairman: Mr. Satyanarain Samdani, appointed by NCLT, presided over the meeting.
• Quorum: The required quorum of 30 shareholders was successfully achieved.
• Key Attendees:
  • Mr. Shanti Prashad Jain (Independent Director)
  • Mr. Mukesh Patni (Chief Financial Officer)
  • Ms. Bhavi Shah (Company Secretary)
  • Statutory auditors were also present

Primary Agenda

The main focus of the meeting was to seek approval for a Composite Scheme of Arrangement involving three entities:

1. Inox Renewables Limited
2. GFL Limited
3. Inox Wind Energy Limited

This scheme, along with its implications for respective shareholders, was the central point of discussion and decision-making during the virtual gathering.

Voting Process

GFL Limited implemented a comprehensive voting mechanism to ensure fair and inclusive decision-making:

• Remote E-voting: Available from November 27 to November 29, 2020
• Live E-voting: Additional voting option provided during the meeting

This dual approach allowed shareholders to participate in the decision-making process conveniently, regardless of their ability to attend the live virtual meeting.

Transparency Measures

In line with regulatory requirements and corporate transparency, GFL Limited committed to publishing the results of the shareholder vote within 48 hours. These results were to be made available on:

1. The company's official website
2. Relevant stock exchange websites

This move ensures that all stakeholders, including shareholders and potential investors, have timely access to critical corporate decisions.

The virtual shareholder meeting of GFL Limited marks a significant step in the company's corporate journey, potentially reshaping its structure through the proposed Composite Scheme of Arrangement. As the results of this crucial vote emerge, market observers and stakeholders will be keenly watching for potential impacts on GFL Limited's future operations and market position.