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GSL Securities Ltd (530469)

📊 BSE: 530469 🏢 Non Banking Financial Company (NBFC) 📢 Latest filing: 30 Sep 2026

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, GSL Securities' net interest income was ₹0.0 Cr (-100.0% year on year), and net profit ₹-0.1 Cr (a bigger loss than a year earlier).

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Net interest income	₹0.0	-100.0%	—
Operating profit	₹-0.1	—	—
Net profit	₹-0.1	loss widened	to loss
EPS (₹)	-0.20	loss narrowed	to loss

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

Open Offer for 26.00% Stake in GSL Securities at ₹42.00 Per Share

🟢 POSITIVE ⭐ 9/10

M&A 📅 30 Sep 2026, 03:20 PM

Acquirers Mr. Shrikant Mitesh Bhangdiya, Ms. Aarti Shrikant Bhangdiya, and Ms. Sonal Kirtikumar Bhangdiya have submitted a Draft Letter of Offer to acquire up to 11,11,526 equity shares of GSL Securities Limited. The offer represents 26.00% of the voting capital at an offer price of ₹42.00 per share payable in cash, totaling approximately ₹4.67 Cr. The offer price of ₹42.00 represents a ~10.8% premium over the recent trading price of ₹37.90. The tendering period is scheduled to open on November 11, 2026, and close on November 25, 2026, subject to prior RBI approval.

Open offer to acquire up to 11,11,526 equity shares representing 26.00% of voting capital
Offer price set at ₹42.00 per share in cash, a premium over the market price of ₹37.90
Total open offer size stands at approximately ₹4.67 Cr (vs market cap of ~₹15 Cr)
Tentative tendering period runs from November 11, 2026, to November 25, 2026
Completion of the acquisition is subject to prior statutory approval from the Reserve Bank of India

💡 Track SEBI's receipt of observations on the Draft Letter of Offer (tentatively by October 23, 2026) and the grant of statutory approval by the Reserve Bank of India.

Open Offer for 26% Stake in GSL Securities by Bhangdiya Family Post-SPA Acquisition

🔵 WATCH ⭐ 9/10

M&A 📅 23 Sep 2026, 04:21 PM

Mark Corporate Advisors has issued a Detailed Public Statement for an Open Offer to acquire up to 11,11,526 equity shares representing 26.00% of the voting share capital of GSL Securities Ltd. The offer is triggered by a Share Purchase Agreement dated September 16, 2026, where acquirers Shrikant Mitesh Bhangdiya, Aarti Shrikant Bhangdiya, and Sonal Kirtikumar Bhangdiya agreed to buy shares from the current promoter group. Prior to the SPA, each of the three acquirers held 7.99% (totaling 23.97%), and each agreed to acquire another 14.87% (totaling 44.61%) under the agreement. The transaction will trigger a change of control in GSL Securities, which is currently an NBFC with negligible TTM revenues and a market cap of approximately Rs 15 Cr.

Open offer to acquire up to 11,11,526 equity shares representing 26.00% of voting share capital
Acquirers currently hold 10,25,100 shares (23.97% total; 7.99% each) as of the statement date
SPA entered on September 16, 2026 to acquire 19,07,600 shares (44.61% total; ~14.87% each) from the promoter group
Total voting share capital of the target company stands at 42,75,100 equity shares

💡 Track the upcoming Letter of Offer for the finalized offer price, tendering schedule, and SEBI observations, as well as post-takeover business direction.

GSL Securities to Hold 32nd AGM on September 07, 2026; FY26 Annual Report Released

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 12 Aug 2026, 03:56 PM

GSL Securities has scheduled its 32nd Annual General Meeting (AGM) for September 07, 2026, at its Mumbai office. The company has dispatched physical letters to shareholders without registered email addresses, providing a web link to the Integrated Annual Report for FY 2025-26. This follows a fiscal year where the company reported a negligible revenue of Rs 0.06 crore and a net loss of Rs 0.31 crore. The filing is a standard regulatory requirement under SEBI (LODR) Regulations.

32nd Annual General Meeting scheduled for September 07, 2026, at 10:00 a.m.
Integrated Annual Report for FY 2025-26 made available via a dedicated web link
Company reported a net loss of Rs 0.31 crore for the full year FY26
Total revenue for FY26 stood at a minimal Rs 0.06 crore
Market capitalization remains small at approximately Rs 15 crore

💡 Investors should access the Annual Report via the provided link to review management's commentary on the company's lack of operational revenue and future business direction.

GSL Securities Schedules 32nd AGM for Sept 7; Proposes MD Re-appointment with Rs 9 Lakh Salary

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 12 Aug 2026, 03:51 PM

GSL Securities has called its 32nd Annual General Meeting (AGM) for September 7, 2026. The primary agenda includes the adoption of FY26 audited financial statements and the re-appointment of Mr. Santkumar Bagrodia as Managing Director for a one-year term. Notably, the proposed MD remuneration of Rs 9,00,000 per annum exceeds the company's total FY26 revenue of Rs 6,00,000 (Rs 0.06 Cr). The company continues to operate with negligible revenue and reported a net loss of Rs 0.31 Cr for FY26.

32nd AGM scheduled for September 7, 2026, at the company's registered office in Mumbai
Proposed re-appointment of Mr. Santkumar Bagrodia as MD with a salary of Rs 9,00,000 per annum
MD's proposed salary represents 150% of the company's total FY26 revenue of Rs 0.06 Cr
Book closure for share transfers set from September 1 to September 7, 2026
Promoter group (Bagrodia family) holds a combined 7,58,100 shares between the MD and his spouse

💡 Investors should monitor the AGM voting results, specifically regarding the approval of managerial remuneration in the context of the company's minimal operational activity and ongoing losses.

GSL Securities Schedules 32nd AGM; Proposes MD Re-appointment with Rs 9 Lakh Salary

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 12 Aug 2026, 03:48 PM

GSL Securities has released its FY 2025-26 Annual Report and scheduled its 32nd AGM for September 7, 2026. A key agenda item is the re-appointment of Managing Director Santkumar Bagrodia for a one-year term with a proposed remuneration of up to Rs 9,00,000 per annum. This salary is notable as it exceeds the company's total FY26 revenue of Rs 0.06 crore. The company continues to report negligible operations with a net loss of Rs 0.31 crore for the full year FY26.

32nd Annual General Meeting (AGM) to be held on September 7, 2026, in Mumbai.
Proposed re-appointment of Mr. Santkumar Bagrodia as MD for 1 year from October 1, 2026.
MD remuneration fixed at a maximum of Rs 9,00,000 per annum, representing 150% of FY26 total revenue.
Cut-off date for e-voting eligibility set for August 31, 2026.
Book closure for share transfers scheduled from September 1 to September 7, 2026.

💡 Investors should review the full annual report for any management commentary on business revival, as the current revenue of Rs 0.06 crore is insufficient to cover administrative and management costs.

GSL Securities Reports ₹0.49 Cr Q1 Loss; Utilizes 31% of ₹4.25 Cr Preferential Funds

🟡 NEUTRAL ⭐ 5/10

EARNINGS 📅 29 Jul 2026, 06:17 PM

GSL Securities reported zero operational revenue for the quarter ended June 30, 2026, continuing its trend of minimal business activity. The company posted a net loss of ₹0.49 crore, though total comprehensive income was positive at ₹0.71 crore due to fair value adjustments of ₹1.20 crore. A key update provided was the utilization of ₹1.31 crore from the ₹4.25 crore raised via a preferential issue, leaving ₹2.94 crore available for future deployment. The Board also confirmed the re-appointment of the Managing Director for a one-year term and scheduled the AGM for September 7, 2026.

Revenue from operations remained at ₹0.00 for Q1 FY27, consistent with the previous quarter.
Net loss widened to ₹0.49 crore from a loss of ₹0.06 crore in the year-ago period.
Utilized ₹1.31 crore (30.8%) of the ₹4.25 crore raised through a preferential issue as of June 30, 2026.
Remaining unutilized funds of ₹2.94 crore are currently held in bank accounts.
Managing Director Santkumar Bagrodia re-appointed for a 1-year term starting October 1, 2026.

💡 Investors should monitor the upcoming AGM on September 7, 2026, for management's plan to deploy the remaining ₹2.94 crore in capital to generate operational revenue, as the company currently lacks a core income stream.

1-Year MD Re-appointment and Sept 7 AGM Scheduled by GSL Securities

🟡 NEUTRAL ⭐ 4/10

BOARD_MEETING 📅 29 Jul 2026, 05:56 PM

GSL Securities approved its unaudited financial results for the quarter ended June 30, 2026, during a board meeting on July 29, 2026. The board has re-appointed Mr. Santkumar Bagrodia as Managing Director for a one-year term effective from October 1, 2026. The Annual General Meeting (AGM) is scheduled for September 7, 2026, with the shareholder voting cut-off date set for August 31, 2026. Additionally, the company confirmed the utilization of funds raised through a previous preferential issue, indicating no deviation from stated objectives.

Re-appointment of Mr. Santkumar Bagrodia as Managing Director for a 1-year term starting October 1, 2026
Annual General Meeting (AGM) scheduled for September 7, 2026, at 10:00 AM
Cut-off date for electronic voting eligibility set for August 31, 2026
Register of Members and Share Transfer Books to remain closed from September 1 to September 7, 2026
Board meeting concluded within 50 minutes (03:50 PM to 04:40 PM)

💡 Investors should review the detailed Q1 FY27 financial results once released to assess the company's current operational performance and margin trends.

GSL Securities Reports Q1 FY27 Net Profit of ₹0.07 Cr; MD Re-appointed for 1 Year

🟡 NEUTRAL ⭐ 5/10

BOARD_MEETING 📅 29 Jul 2026, 05:51 PM

GSL Securities reported a net profit of ₹0.07 crore for Q1 FY27, despite generating zero revenue from operations, primarily due to ₹0.20 crore in other comprehensive income. The board has approved the re-appointment of Mr. Santkumar Bagrodia as Managing Director for a one-year term starting October 2026. Crucially, the company disclosed it still holds ₹2.94 crore in unutilized funds from a ₹4.25 crore preferential issue. With a market cap of only ₹16 crore and stagnant core operations, the deployment of these funds remains the primary focus for investors.

Revenue from operations remained at ₹0.00 crore for the quarter ended June 30, 2026.
Net profit of ₹0.07 crore was recorded, supported by ₹0.20 crore in other comprehensive income.
Mr. Santkumar Bagrodia re-appointed as MD for a 1-year term from October 1, 2026, to September 30, 2027.
₹2.94 crore remains unutilized from the ₹4.25 crore raised via preferential issue as of June 30, 2026.
Annual General Meeting (AGM) is scheduled for September 7, 2026, with a voting cut-off date of August 31, 2026.

💡 Investors should monitor the upcoming AGM on September 7, 2026, and watch for any management commentary regarding the deployment of the remaining ₹2.94 crore in cash to restart operational revenue.

GSL Securities Reports Zero Revenue and Rs 0.49 Lakh Net Loss for Q1 FY27

🟡 NEUTRAL ⭐ 5/10

EARNINGS 📅 29 Jul 2026, 05:47 PM

GSL Securities continues to report zero operational revenue for the quarter ended June 30, 2026, maintaining its status as a largely inactive NBFC. The company posted a marginal net loss of Rs 0.49 lakhs, an improvement from the Rs 6.98 lakh loss in the year-ago period. A key focus for investors is the utilization of Rs 4.25 crore raised via preferential issue, of which only Rs 1.31 crore (31%) has been deployed so far. The Board has also extended the Managing Director's term by one year starting October 2026.

Revenue from operations remained at Rs 0.00 for the quarter ended June 30, 2026.
Net loss narrowed significantly to Rs 0.49 lakhs from Rs 6.98 lakhs in Q1 FY26.
Utilized Rs 1.31 crore out of Rs 4.25 crore raised through a preferential issue for working capital and corporate purposes.
Unutilized cash balance from the fundraise stands at Rs 2.94 crore as of June 30, 2026.
Managing Director Santkumar Bagrodia re-appointed for a 1-year term effective October 1, 2026.

💡 Monitor the deployment of the remaining Rs 2.94 crore in cash, as the company currently lacks a functional revenue-generating business model.

GSL Securities Reports Zero Q1 Revenue, Utilizes 31% of Rs 4.25 Cr Preferential Funds

🟡 NEUTRAL ⭐ 5/10

EARNINGS 📅 29 Jul 2026, 05:40 PM

GSL Securities reported zero operational revenue for the quarter ended June 30, 2026, maintaining a trend of negligible business activity. The company posted a net loss of Rs 8.49 lakhs for the quarter, primarily due to administrative and employee expenses. A key update provided was the utilization of funds from a previous preferential issue; the company has spent Rs 1.31 crore of the Rs 4.25 crore raised, leaving Rs 2.94 crore unutilized. The Board also approved the re-appointment of Mr. Santkumar Bagrodia as Managing Director for a one-year term.

Reported zero revenue from operations for the quarter ended June 30, 2026.
Net loss for the quarter stood at Rs 8.49 lakhs, compared to a loss of Rs 6.98 lakhs in the year-ago period.
Utilized Rs 1.31 crore out of Rs 4.25 crore raised via preferential issue as of June 30, 2026.
Unutilized funds of Rs 2.94 crore remain in the company's bank account for working capital and corporate purposes.
Managing Director Santkumar Bagrodia re-appointed for a 1-year term effective October 1, 2026.

💡 Investors should monitor the deployment of the remaining Rs 2.94 crore in unutilized funds, as the company currently lacks an active revenue-generating business model.

GSL Securities Board Meeting on July 29 to Approve Q1 Results and MD Re-appointment

🟡 NEUTRAL ⭐ 3/10

BOARD_MEETING 📅 23 Jul 2026, 04:14 PM

GSL Securities Ltd has scheduled a board meeting for July 29, 2026, to approve the unaudited financial results for the quarter ended June 30, 2026. The board will also consider the re-appointment of Mr. Santkumar Bagrodia as Managing Director for a one-year term effective October 1, 2026. Additionally, the meeting will finalize the notice and schedule for the upcoming Annual General Meeting (AGM). This is a routine regulatory filing for a micro-cap NBFC with a market capitalization of Rs 16 Cr and negligible TTM revenue.

Board meeting scheduled for July 29, 2026, to approve Q1 FY27 financial results.
Proposed re-appointment of Mr. Santkumar Bagrodia as Managing Director for 1 year starting October 1, 2026.
Trading window for designated persons remains closed from July 1, 2026, to July 31, 2026.
Board to approve the Director's Report for the financial year ended March 31, 2026.

💡 Investors should monitor the upcoming Q1 results on July 29 for any signs of operational activity, as the company reported near-zero revenue (Rs 0.02 Cr) in FY25.

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