GFL Limited has announced the unfortunate demise of Shri Devendra Kumar Jain, Managing Director, Chief Executive Officer and Chairperson, who passed away on December 29, 2025. The company informed stock exchanges about this significant development through a regulatory filing on December 30, 2025.

Leadership Loss

Shri Devendra Kumar Jain served as Managing Director, CEO and Chairperson of GFL Limited with Director Identification Number (DIN) 00029782. The company described him as a visionary leader who played a pivotal role in the growth and development of the organization. His loss has been termed irreparable and is deeply felt by the Board of Directors, management, employees, and all stakeholders of the company.

Regulatory Disclosure

The company has provided the mandatory details as required under regulatory compliance:

Operational Continuity

GFL Limited has assured stakeholders that its operations and management remain stable despite this significant loss. The company emphasized that business activities are being carried out smoothly under the guidance of the Board of Directors and the senior management team. This assurance aims to maintain confidence among investors, employees, and other stakeholders during this transition period.

Corporate Communication

The intimation was signed by Lakhan Laxmi Rajam Shamala, Company Secretary & Compliance Officer, and submitted to both BSE Limited and National Stock Exchange of India Limited. The disclosure was made in compliance with Regulation 30 of the Listing Regulations and SEBI's Master Circular dated November 11, 2024, ensuring all regulatory requirements were met promptly.

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.