Latest news about Gujarat State Financial Corp
Gujarat State Financial Corp
10.45
+0.02(+0.19%)
Company Performance:
View Company Insights1D+0.19%
1M-3.06%
6M-13.71%
1Y-34.07%
5Y+106.93%
More news about Gujarat State Financial Corp
29May 26
BSE fines Gujarat State Financial Corp ₹9.67 lakh for Q4FY26 governance lapses
BSE fined Gujarat State Financial Corporation ₹9,67,600 for Q4FY26 corporate governance lapses, specifically regarding independent directors and meeting quorum. GSFC contested the fine, citing the State Financial Corporations Act, 1951, which does not provide for independent directors, and stated the penalty remains unpaid. The corporation has sought amendments to its governing act and requested BSE to waive the fine.
19May 26
Gujarat State Financial Corporation Schedules Board Meeting on May 30, 2026 to Consider Audited Financial Results
Gujarat State Financial Corporation has scheduled a Board of Directors meeting on May 30, 2026, at Gandhinagar, as intimated to BSE Ltd on May 19, 2026. The meeting will consider audited financial results for the quarter and year ended March 31, 2026. The Board will also recommend the appointment of M/s. J.H. Mehta & Co., Chartered Accountants, Ahmedabad as statutory auditors for FY2026-27, and decide the schedule for the 66th Annual General Meeting.
07Apr 26
Gujarat State Financial Corporation Files SEBI Compliance Certificate for Q4FY26
Gujarat State Financial Corporation filed its quarterly compliance certificate under SEBI Regulation 74(5) for Q4FY26 with BSE Ltd on April 07, 2026. The certificate confirms proper handling of dematerialization processes during the quarter ended March 31, 2026, with registrar MCS Share Transfer Agent Ltd. confirming compliance with all regulatory requirements including timely processing of securities and proper substitution of depository names in member registers.
02Mar 26
Gujarat State Financial Corporation Receives ₹9.88 Lakh BSE Fine for Corporate Governance Non-Compliance
Gujarat State Financial Corporation disclosed receiving a ₹9.88 lakh fine from BSE for corporate governance non-compliance during Q3 FY26, primarily due to the absence of independent directors mandated by the State Financial Corporations Act, 1951. The company has been seeking regulatory amendments since 2021 and has contested a portion of the fine as being incorrectly applied.
25Feb 26
GSFC Annual Loss Rises 5% to Rs 12,534 Lakh in FY25 as Income Drops 24.63%
Gujarat State Financial Corporation reported a 5% increase in annual losses to Rs 12,534 lakh for FY25, while total income declined 24.63% to Rs 1,724.71 lakh. The corporation's accumulated losses grew to Rs 3,42,515.82 lakh, and staff strength reduced from 16 to 12 employees. GSFC has been focusing on debt recovery since discontinuing lending operations in FY 2001-02 due to competitive pressures from banks and financial institutions.
16Feb 26
Gujarat State Financial Corporation Reports Q3 FY26 Net Loss of ₹3,192.61 Lakh
Gujarat State Financial Corporation reported a net loss of ₹3,192.61 lakh for Q3 FY26 with total income of ₹422.64 lakh, compared to a loss of ₹3,165.99 lakh and income of ₹435.19 lakh in Q3 FY25. For the nine-month period, the company recorded a net loss of ₹9,490.74 lakh with total income of ₹1,306.07 lakh. The results were approved by the Board on February 13, 2026.
29Jan 26
Gujarat State Financial Corporation Schedules Board Meeting for February 13, 2026 to Review Q3FY26 Financial Results
Gujarat State Financial Corporation has scheduled a Board of Directors meeting for February 13, 2026, in Gandhinagar to consider unaudited financial results for the quarter and nine months ended December 31, 2025. The meeting notification, issued on January 29, 2026, complies with SEBI regulations and demonstrates the corporation's commitment to regulatory transparency.
02Dec 25
Gujarat State Financial Corporation Fined Rs. 11,800 for Corporate Governance Non-Compliance
Gujarat State Financial Corporation (GSFC) has been fined Rs. 11,800 by the Bombay Stock Exchange for non-compliance with corporate governance requirements. The fine relates to the absence of Independent Directors on GSFC's Board and Committees for the quarter ended September 30. GSFC has contested the fine, citing governance under the State Financial Corporations Act, 1951, which doesn't provide for Independent Directors. The corporation has requested amendments to align with SEBI regulations and has asked BSE to waive the fine until the Act is amended.
10Nov 25
Gujarat State Financial Corporation Reports Widening Losses in Q2 FY26
Gujarat State Financial Corporation (GSFC) reported a net loss of Rs 3,196.00 lakh for Q2 FY26, up from Rs 3,144.73 lakh in Q2 FY25. Total income decreased to Rs 410.42 lakh from Rs 412.85 lakh. The corporation's net worth remains eroded with 100% gross NPAs. GSFC has discontinued lending since FY 2001-02, focusing on recovery operations. Auditors raised concerns about the going concern basis and dues payable to the Government of Gujarat.
13Aug 25
Gujarat State Financial Corporation Reports ₹3,102.13 Lakh Net Loss in Q1
Gujarat State Financial Corporation (GSFC) announced Q1 results with a net loss of ₹3,102.13 lakh, slightly better than the ₹3,121.71 lakh loss in the same quarter last year. Total income decreased to ₹407.51 lakh from ₹412.39 lakh. Asset quality remains a major concern with 100% gross and net NPA ratios. The corporation's reserves show a negative balance of ₹3,15,431.29 lakh, indicating severe net worth erosion. Auditors issued a qualified opinion, questioning the going concern basis of financial statements and highlighting unconfirmed dues to the Government of Gujarat.
Industry Peers
Power Finance Corporation
IRFC
REC
HUDCO
IREDA
IFCI
Tourism Finance Corporation of IndiaGujarat State Financial Corp
403.60
(-2.31%)
87.50
(-2.69%)
348.75
(-2.11%)
203.84
(-3.25%)
121.17
(-3.19%)
73.90
(-0.75%)
75.34
(-4.57%)
10.45
(+0.19%)
we are part of Raise Financial Services
built with love
for indians who love to invest & trade
Market Community
Follow us on
