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Gujarat Lease Financing Limited (GLFL)

₹5.27 -0.57% last close, 16 Oct

📊 NSE: GLFL 🏢 Finance & Investments 📢 Latest filing: 09 Oct 2026 📝 Analysis written: 13 Dec 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Gujarat Lease's revenue was ₹0.0 Cr, and net profit ₹-0.1 Cr (a bigger loss than a year earlier).

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹0.0	—	—
Operating profit	₹-0.2	loss widened	loss widened
Net profit	₹-0.1	loss widened	to loss
EPS (₹)	-0.03	loss widened	to loss

Full quarterly financials → Results calendar →

GLFL delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 96.81% of the GLFL shares traded on NSE were taken to delivery, against the stock's own 20-session average of 82.39%. That is higher than usual for this stock. Turnover was under ₹1 lakh, so a handful of trades can move this figure. Volume was 0.1 times its average, well below normal. It closed at a price band (circuit) on 5 sessions in about the last 20.

96.81%Delivery, 16 Oct

82.39%Own 20-session average

0.1×Volume vs its average

₹5.27NSE close · -0.57%

Delivery in the last 5 sessions: 81.8% · 87.5% · 98.8% · 85.3% · 96.8%

Delivery across the market →Circuit stocks →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

GLFL Submits Regulation 74(5) Dematerialisation Certificate for Q2 Ended September 30, 2026

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 09 Oct 2026, 07:09 PM

Gujarat Lease Financing Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate, issued by Registrar and Transfer Agent MCS Share Transfer Agent Limited on October 05, 2026, confirms that share certificates received for dematerialisation were processed and listed on stock exchanges. It further confirms that physical certificates were mutilated and cancelled within 15 days of verification. This is a standard quarterly administrative filing with no financial impact.

Regulation 74(5) certificate submitted for the quarter ended September 30, 2026
RTA confirmation issued on October 05, 2026 by MCS Share Transfer Agent Limited
Physical security certificates verified, mutilated, and cancelled within 15 days

💡 No action required. Investors should track subsequent quarterly financial performance and core business updates.

Rs 8.03 Lakh Net Loss in Q1 FY27; GLFL Continues as Non-Going Concern

🔴 NEGATIVE ⭐ 5/10

EARNINGS 📅 30 Jul 2026, 05:30 PM

Gujarat Lease Financing Limited (GLFL) reported a net loss of Rs 8.03 lakhs for the quarter ended June 30, 2026, widening from a loss of Rs 5.86 lakhs in the same quarter previous year. The company generated zero revenue from operations, with its only income being Rs 9.92 lakhs from other sources, likely interest on deposits. Management reiterated that the company has no business plan and does not intend to start any activity, maintaining its 'non-going concern' status. Accumulated losses of Rs 31.20 crore have completely eroded the net worth, which remains deeply negative.

Net loss for Q1 FY27 widened to Rs 8.03 lakhs compared to Rs 5.86 lakhs in Q1 FY26.
Revenue from operations remains at Rs 0.00, consistent with the company's inactive status.
Other income, the sole source of funds, decreased to Rs 9.92 lakhs from Rs 10.48 lakhs YoY.
Listing and custodian fees of Rs 8.87 lakhs accounted for nearly 50% of the total quarterly expenses of Rs 17.95 lakhs.
Negative reserves and surplus stood at Rs 3,119.51 lakhs as of June 30, 2026.

💡 Investors should note that the company is a non-operational shell entity with no plans for revival. Watch for any regulatory updates regarding delisting or final liquidation, as the current market cap of Rs 14 Cr is unsupported by any business activity.

Regulation 74(5) Compliance: GLFL Submits Q1 FY27 Demat Certificate

🟡 NEUTRAL ⭐ 2/10

REGULATORY 📅 14 Jul 2026, 04:23 PM

Gujarat Lease Financing Limited (GLFL) has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the period ended June 30, 2026. The filing confirms that the company's Registrar and Transfer Agent, MCS Share Transfer Agent Limited, has processed all dematerialization and rematerialization requests. The certificate verifies that security certificates were mutilated, cancelled, and the depository's name was substituted in the register of members within the mandated 15-day period. This is a routine administrative filing with no impact on the company's financial position or operations.

Compliance certificate issued for the quarter ended June 30, 2026
Confirmation that security certificates were processed and cancelled within 15 days
Verification provided by Registrar and Transfer Agent, MCS Share Transfer Agent Limited
Filing submitted to both BSE and NSE as per listing requirements

💡 This is a routine procedural filing. Investors should monitor the company's upcoming quarterly earnings reports for material updates on business performance.

GLFL Concludes 43rd AGM; Re-appoints Directors for Terms Ending 2032

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 02 Jul 2026, 06:25 PM

Gujarat Lease Financing Limited (GLFL) conducted its 43rd Annual General Meeting on July 02, 2026, where shareholders approved the adoption of FY26 financial statements. The meeting also confirmed the re-appointment of three directors, including two independent directors for a second five-year term starting March 2027. Financially, the company remains a non-going concern with zero operational revenue and a negative net worth of ₹4 crore. These proceedings are purely administrative as the company has no active business plan and is focused on winding down operations.

43rd Annual General Meeting held on July 02, 2026, via video conferencing.
Re-appointment of two Independent Directors for a second 5-year term from March 31, 2027, to March 30, 2032.
Adoption of FY26 financial statements for a period where TTM revenue was ₹0 cr.
Company maintains a negative net worth of ₹4 cr and debt of ₹10 cr as per latest context.

💡 Investors should note that the company is a non-going concern; watch for any regulatory filings regarding the final realization of assets or liquidation progress.

GLFL Concludes 43rd AGM; Re-appoints Directors Amid Non-Going Concern Status

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 02 Jul 2026, 06:22 PM

Gujarat Lease Financing Limited (GLFL) concluded its 43rd Annual General Meeting on July 02, 2026, where shareholders approved the FY26 financial statements and the re-appointment of directors. The company remains a non-going concern with zero operational revenue and a negative net worth of approximately ₹4 crore. Key approvals included the re-appointment of two Independent Directors for second five-year terms starting March 2027. These proceedings are purely administrative as the company has no active business plans or products.

43rd AGM held on July 02, 2026, lasting 25 minutes from 10:30 am to 10:55 am
Shareholders approved the adoption of Financial Statements for the year ended March 31, 2026
Re-appointed Animesh Mehta and Narayan Meghani as Independent Directors for 5-year terms (2027-2032)
Company continues to report zero revenue and a negative net worth of ₹-4 crore as per latest financial context
Financial statements are prepared on a non-going concern assumption focusing on asset realization

💡 Investors should monitor the company's progress on winding down operations and asset realization, as there is no intent to resume business activities.

GLFL Announces Trading Window Closure from July 1, 2026, for Q1 FY27 Results

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 26 Jun 2026, 03:31 PM

Gujarat Lease Financing Limited (GLFL) has announced the closure of its trading window for all designated persons starting July 1, 2026. This action is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the announcement of the unaudited financial results for the quarter ending June 30, 2026. The window will remain closed until 48 hours after the results are officially submitted to the stock exchanges. This is a standard procedure to prevent insider trading during the sensitive period of financial reporting.

Trading window closure begins on July 1, 2026, for all designated persons.
Closure is related to the upcoming unaudited financial results for the quarter ended June 30, 2026.
The window will reopen 48 hours after the financial results are disclosed to BSE and NSE.
Complies with SEBI (Prohibition of Insider Trading) Regulations, 2015.

💡 This is a routine regulatory filing with no immediate impact on stock fundamentals; investors should wait for the actual Q1 financial results for performance assessment.

GLFL to Hold 43rd AGM on July 02, 2026; Proposes Re-appointment of Independent Directors

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 09 Jun 2026, 07:19 PM

Gujarat Lease Financing Limited (GLFL) has scheduled its 43rd Annual General Meeting (AGM) for July 02, 2026, to be conducted via video conferencing. The primary agenda includes the adoption of audited financial statements for the fiscal year ended March 31, 2026, and the re-appointment of directors. Notably, the company is seeking shareholder approval via special resolutions to re-appoint Animesh Mehta and Narayan Meghani as Independent Directors for a second five-year term starting March 2027. Remote e-voting is available for shareholders from June 28 to July 01, 2026.

43rd AGM scheduled for July 02, 2026, at 10:30 a.m. through Video Conferencing (VC/OAVM).
Remote e-voting period set from June 28, 2026 (09:00 a.m.) to July 01, 2026 (05:00 p.m.).
Proposed re-appointment of two Independent Directors for a second and final 5-year term (2027-2032).
The cut-off date for determining shareholder voting eligibility is Thursday, June 25, 2026.
Agenda includes the adoption of Audited Financial Statements, Auditor's Report, and Board's Report for FY 2025-26.

💡 Investors should review the Annual Report for FY 2025-26 to assess the company's financial health and ensure they exercise their voting rights on the director re-appointments before the July 01 deadline.

GLFL Reports FY26 Results; Auditors Highlight Non-Going Concern Status and No Future Business Plan

🔴 NEGATIVE ⭐ 8/10

EARNINGS 📅 30 Apr 2026, 02:05 PM

Gujarat Lease Financing Limited (GLFL) has reported its audited financial results for the fiscal year ended March 31, 2026. A critical disclosure by the auditors emphasizes that the company currently has no business plan and does not intend to engage in any business activity in the near future. Consequently, the financial statements have been prepared on a non-going concern basis, with assets stated at the lower of realizable value or cost. Additionally, the board has approved the re-appointment of two independent directors for five-year terms starting in 2027.

Audited financial results for the year ended March 31, 2026, approved with an unmodified auditor opinion.
Auditors issued an 'Emphasis of Matter' stating the company is operating on a non-going concern basis.
Management confirmed there is no business plan or intent to start business activities in the near future.
Financial assets are valued at realizable value or cost, whichever is lower, due to lack of operations.
Re-appointment of Animesh Mehta and Narayan Meghani as Independent Directors for terms from 2027 to 2032.

💡 Investors should be extremely cautious as the company has explicitly stated it has no future business prospects or operational plans. The non-going concern status suggests the company may be in a terminal phase or acting as a shell entity.

GLFL Reports FY26 Results; Auditor Flags Non-Going Concern Status and Lack of Business Plan

🔴 NEGATIVE ⭐ 8/10

EARNINGS 📅 30 Apr 2026, 02:02 PM

Gujarat Lease Financing Limited (GLFL) has approved its audited financial results for the fiscal year ended March 31, 2026. A critical disclosure by the statutory auditors indicates that the company has no future business plans and does not intend to engage in any business activity. Consequently, the financial statements have been prepared on a non-going concern basis, with assets valued at the lower of cost or realizable value. The board also approved the re-appointment of two independent directors for five-year terms starting in 2027.

Financial statements for FY26 prepared on a non-going concern assumption due to lack of business activity.
Statutory auditors issued an unmodified opinion but included an Emphasis of Matter regarding the company's future.
Financial assets are stated at realizable value or cost, whichever is lower, as the company does not intend to continue operations.
Re-appointment of Animesh Mehta and Narayan Meghani as Independent Directors for a second term (2027-2032) approved.
The board meeting was brief, lasting only 45 minutes from 1:00 PM to 1:45 PM.

💡 Investors should be extremely cautious as the company has explicitly stated it has no business plan or intent to operate. The stock's value is likely tied to the liquidation value of its remaining assets rather than any operational potential.

GLFL Submits Routine SEBI Compliance Certificate for Quarter Ended March 31, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 09 Apr 2026, 01:58 PM

Gujarat Lease Financing Limited (GLFL) has filed a compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by MCS Share Transfer Agent Limited, confirms that share certificates received for dematerialization during the quarter ended March 31, 2026, were processed correctly. It verifies that securities were listed on stock exchanges and that physical certificates were mutilated and cancelled after verification. This is a standard quarterly administrative filing to ensure the integrity of shareholder records.

Compliance certificate submitted for the quarter ending March 31, 2026
Registrar and Transfer Agent MCS Share Transfer Agent Limited confirmed all demat requests were handled within timelines
Physical security certificates were mutilated and cancelled after due verification by the depository participant
Names of depositories were substituted in the register of members as the registered owners

💡 No action is required as this is a routine regulatory filing. Investors should monitor the company's upcoming quarterly financial results for material performance updates.

GLFL to Close Trading Window from April 1, 2026 for FY26 Audited Results

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 25 Mar 2026, 12:44 PM

Gujarat Lease Financing Limited (GLFL) has announced the closure of its trading window for designated persons starting April 1, 2026. This is a mandatory regulatory requirement under SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the announcement of annual financial results. The window will remain closed until 48 hours after the audited financial results for the fiscal year ending March 31, 2026, are declared. This standard procedure prevents insider trading during the period when sensitive financial information is being finalized.

Trading window closure for designated persons begins on April 1, 2026
Closure is in relation to the audited financial results for the year ending March 31, 2026
Window will reopen 48 hours after the results are submitted to the stock exchanges
Compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015

💡 This is a routine regulatory filing with no impact on company fundamentals. Investors should monitor the stock for the actual audited financial results when they are released.

GLFL Q3 Net Profit Drops to ₹2.78 Lakhs; Company Remains a Non-Going Concern

🔴 NEGATIVE ⭐ 4/10

EARNINGS 📅 19 Jan 2026, 01:22 PM

Gujarat Lease Financing Limited (GLFL) reported a net profit of ₹2.78 lakhs for the quarter ended December 31, 2025, a decrease from ₹5.02 lakhs in the previous year's corresponding quarter. The company generated zero revenue from operations, relying solely on other income of ₹10.65 lakhs to cover its expenses. Critically, the company continues to be classified as a non-going concern, with accumulated losses exceeding its net worth and total liabilities surpassing total assets. Management has explicitly stated that there is no business plan or intention to resume business activities in the near future.

Net profit for Q3 FY26 declined to ₹2.78 lakhs from ₹5.02 lakhs in Q3 FY25.
Revenue from operations remains at zero, with total income consisting of ₹10.65 lakhs in other income.
The company recorded a net loss of ₹0.96 lakhs for the nine-month period ended December 31, 2025.
Accumulated losses have completely eroded the company's net worth, leading to a non-going concern status.
Management confirmed there is no intent to initiate any business activity in the near future.

💡 Investors should exercise extreme caution as the company has no active business operations and is technically insolvent. The lack of a future business plan makes this a high-risk shell entity with negligible prospects for equity value growth.

GLFL Reports Q3 Net Profit of ₹2.78 Lakhs; Remains a Non-Going Concern with Zero Revenue

🔴 NEGATIVE ⭐ 4/10

EARNINGS 📅 19 Jan 2026, 01:20 PM

Gujarat Lease Financing Limited (GLFL) reported a net profit of ₹2.78 lakhs for the quarter ended December 31, 2025, down from ₹5.02 lakhs in the same period last year. The company continues to generate zero revenue from operations, with its total income of ₹10.65 lakhs derived entirely from other sources. Management has explicitly stated that the company has no business plan and no intention to resume business activities in the near future. Consequently, the financial statements are prepared on a non-going concern basis as accumulated losses have completely eroded the company's net worth.

Revenue from operations remained at ₹0.00 for the quarter and nine-month period ended December 31, 2025.
Net profit for Q3 FY26 stood at ₹2.78 lakhs, a 44.6% decline compared to ₹5.02 lakhs in Q3 FY25.
Accumulated losses have exceeded the company's net worth, and total liabilities exceed total assets.
Management confirmed the company has no business plan and is operating as a non-going concern.
Total expenses for the quarter increased to ₹7.87 lakhs from ₹5.92 lakhs in the previous year's corresponding quarter.

💡 Investors should exercise extreme caution as the company has no active business operations and is classified as a non-going concern. The lack of a business plan suggests there is no long-term value proposition for equity shareholders.

Gujarat Lease Financing Submits SEBI Regulation 74(5) Compliance Certificate for Q3 FY26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 09 Jan 2026, 07:16 PM

Gujarat Lease Financing Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by MCS Share Transfer Agent Limited, confirms the processing of dematerialization and rematerialization requests for the quarter ended December 31, 2025. It verifies that security certificates were mutilated and cancelled after due verification, and the names of depositories were substituted in the register of members. This is a standard procedural filing ensuring the company's adherence to electronic shareholding norms.

Compliance certificate submitted for the quarter ended December 31, 2025.
Confirmation provided by Registrar and Transfer Agent (RTA), MCS Share Transfer Agent Limited.
Verification that dematerialized securities are listed on the stock exchanges where earlier securities were listed.
Physical certificates were mutilated and cancelled within prescribed timelines as per SEBI norms.

💡 No action is required from investors as this is a routine regulatory filing. Investors should continue to monitor the company's financial performance and upcoming earnings reports.

GLFL Announces Trading Window Closure Starting January 1, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 24 Dec 2025, 04:48 PM

Gujarat Lease Financing Limited (GLFL) has announced the closure of its trading window for designated persons starting January 1, 2026. This action is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the company's financial results for the quarter and nine months ending December 31, 2025. The window will remain closed until 48 hours after the results are officially submitted to the stock exchanges. This is a standard procedural filing and does not reflect any change in the company's fundamentals.

Trading window for designated persons to close effective January 1, 2026
Closure pertains to the Unaudited Financial Results for the quarter and nine months ending December 31, 2025
Trading window will reopen 48 hours after the financial results are disclosed to BSE and NSE

💡 No immediate action is required as this is a routine regulatory announcement; investors should await the actual financial results for performance assessment.

View All GLFL Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

The company has no operational segments. Interest income from bank deposits, the sole revenue source, was INR 41.97 lakhs in FY 2024-25, representing a 3% increase from INR 40.75 lakhs in FY 2023-24.

Geographic Revenue Split

100% of revenue is generated in India, primarily from interest on bank deposits held in domestic financial institutions.

Profitability Margins

Net profit for FY 2024-25 was INR 5.86 lakhs, a 32.49% decrease from INR 8.68 lakhs in FY 2023-24. Net worth is negative INR 3,122.19 lakhs as of March 31, 2025, with accumulated losses of INR 16,458.21 lakhs exceeding the equity share capital of INR 2,716.05 lakhs.

EBITDA Margin

Operating profit before working capital changes was negative INR 36.06 lakhs in FY 2024-25, compared to negative INR 39.22 lakhs in FY 2023-24, indicating a lack of core operational profitability.

Capital Expenditure

Historical capital expenditure for FY 2024-25 was INR 0.00 Cr, as the company has no operational activities or expansion plans.

Credit Rating & Borrowing

Credit rating is not disclosed; however, the company has no active borrowings and operates under a 2004 court-sanctioned scheme of compromise with 16 banks.

⚙️ Operational Drivers

Raw Materials

Not applicable as the company has no manufacturing or operational activities.

Capacity Expansion

Current installed capacity is zero; there are no planned expansions as the company is a non-going concern.

Raw Material Costs

Raw material costs are 0% of revenue due to the absence of operational activities.

Logistics & Distribution

Distribution costs are 0% of revenue as no products are sold.

📈 Strategic Growth

Expected Growth Rate

Growth Strategy

The company has no business plan and does not intend to have any business activity in the near future. Financial statements are prepared on a non-going concern assumption, focusing on stating assets at realizable value rather than business expansion.

Products & Services

The company currently offers no products or services to customers as it has no operational activities.

Brand Portfolio

Gujarat Lease Financing Limited (GLFL).

New Products/Services

New product launches are 0% of expected revenue; no development is underway.

Market Expansion

There are no market expansion plans; the company is focused on winding down operations.

Market Share & Ranking

Market share is 0% as the company is inactive in the financial services sector.

Strategic Alliances

No strategic alliances or JVs are currently active.

🌍 External Factors

Industry Trends

The company reflects the trend of legacy financial entities in India undergoing long-term liquidation or winding down under court-sanctioned schemes, with no current growth and a focus on asset realization.

Competitive Landscape

There is no competitive landscape as the company is not an active participant in the financial services market.

Competitive Moat

The company possesses no competitive moat or durable advantage, as it has no operations, no products, and a negative net worth of INR 3,122.19 lakhs.

Macro Economic Sensitivity

The company is highly sensitive to interest rate fluctuations, which directly impact its sole income source of INR 41.97 lakhs from bank deposits.

Geopolitical Risks

Geopolitical risks are negligible due to the lack of active business operations and international trade.

⚖️ Regulatory & Governance

Industry Regulations

The company is governed by a scheme of compromise and arrangement with a consortium of 16 banks sanctioned by the High Court of Gujarat on July 27, 2004. It must also comply with Ind AS and Companies Act requirements despite its non-going concern status.

Environmental Compliance

ESG compliance costs were INR 0.00 as there are no manufacturing or operational activities.

Taxation Policy Impact

The company reported no tax expense for FY 2024-25. Direct tax refunds/payments were INR 4.61 lakhs.

Legal Contingencies

The company is subject to the 2004 High Court of Gujarat sanctioned scheme of compromise and arrangement with 16 banks. As of September 30, 2025, total liabilities exceed total assets, and accumulated losses exceed net worth.

⚠️ Risk Analysis

Key Uncertainties

The primary risk is the material uncertainty regarding the entity's ability to continue as a going concern (100% impact), as it has no business plan and negative equity of INR 3,122.19 lakhs.