GCCL Infrastructure & Projects Limited

Board Meeting Outcomes

The Board of Directors meeting commenced at 05:15 PM and concluded at 05:45 PM on August 10, 2026. The Board:

  • Approved the standalone unaudited Financial Results for the quarter ended June 30, 2026, along with the Limited Review Report.
  • Based on the Audit Committee's recommendation, approved the appointment of M/s. N H Shah & Co, Chartered Accountants (FRN: 131122W) as Internal Auditors for FY 2026-27. The appointment is effective from August 10, 2026, for the financial year 2026-27.

Internal Auditor Appointment Details

  • Firm: M/s. N H Shah & Co, Chartered Accountants
  • Firm Registration Number: 131122W
  • Term: Financial Year 2026-27
  • Profile: Specializes in tax auditing, GST, and project finance with over 15 years of experience
  • Reason for appointment: To comply with Companies Act, 2013 and SEBI Listing Regulations requirements
  • Relationships with directors: Not Applicable

Q1 FY27 Financial Results (Standalone, Unaudited)

Income Statement (₹ in Lacs)

  • Revenue from Operations: ₹0.00 (compared to ₹0.00 in Q1 FY26 and ₹0.00 in Q4 FY26)
  • Other Income: ₹0.00 (compared to ₹0.24 in Q1 FY26 and ₹59.37 in Q4 FY26)
  • Total Income: ₹0.00 (compared to ₹0.24 in Q1 FY26 and ₹59.37 in Q4 FY26)

Expenses

  • Employee benefit expense: ₹1.31
  • Finance Cost: ₹3.00
  • Depreciation and amortization expense: ₹2.92
  • Other Expenses: ₹1.74
  • Total Expenses: ₹8.97

Profit/Loss

  • Loss before tax: ₹(8.97)
  • Tax Expense: Deferred tax credit of ₹(7.20)
  • Net Loss for the period: ₹(1.77)
  • Other Comprehensive Income: ₹0.00
  • Total Comprehensive Loss for the period: ₹(1.77)

Capital Structure

  • Paid-up Equity Share Capital: ₹38.24 lacs (Face Value ₹10 per share)
  • Earnings Per Share (Basic & Diluted): ₹(0.46)

Comparative Financial Performance

Quarter Ended June 30, 2026 (Q1 FY27)

  • Net Loss: ₹(1.77) lacs
  • EPS: ₹(0.46)

Quarter Ended June 30, 2025 (Q1 FY26)

  • Net Loss: ₹(17.49) lacs
  • EPS: ₹(4.57)

Quarter Ended March 31, 2026 (Q4 FY26)

  • Net Profit: ₹48.94 lacs
  • EPS: ₹12.80

Year Ended March 31, 2026 (FY26)

  • Net Profit: ₹13.62 lacs
  • EPS: ₹3.56

Critical Accounting Note

Note 4 indicates the company is undergoing a pre-packaged insolvency resolution process approved by shareholders through special resolution in an EGM held on May 27, 2021, under section 54 read with section 10 of the Insolvency and Bankruptcy Code, 2016. The National Company Law Tribunal, Ahmedabad approved the Resolution Plan on September 05, 2023. The company is currently completing statutory, financial, and operational formalities including amalgamation. This indicates a material uncertainty regarding the company's ability to continue as a going concern.

Auditor's Review

Sorab S. Engineer & Co. conducted a limited review of the financial results pursuant to Regulation 33 of SEBI LODR Regulations. Their review report, dated August 10, 2026, states that nothing has come to their attention that causes them to believe the statement contains any material misstatement, though they draw attention to the going concern uncertainty mentioned in Note 4.