Geetanjali Credit And Capital Limited held a Board Meeting on July 24, 2026, which commenced at 04:15 PM and concluded at 4:45 PM at the company's registered office. The board approved the unaudited financial results for the quarter ended June 30, 2026, along with the Limited Review Report from the independent auditors.

Financial Results (Quarter Ended June 30, 2026)

  • Revenue From Operations: ₹20.21 lakhs
  • Other Income: ₹0.00
  • Total Income (Net): ₹20.21 lakhs
  • Expenses: ₹5.36 lakhs (Employee benefits: ₹0.53 lakhs; Other expenses: ₹4.84 lakhs)
  • Profit Before Tax: ₹14.85 lakhs
  • Tax Expenses: ₹0.00 (Current Tax: ₹0.00; Deferred Tax: ₹0.00)
  • Net Profit for the period: ₹14.85 lakhs
  • Earnings Per Share (Basic and Diluted): ₹0.34
  • Paid-up Equity Share Capital: ₹441.92 lakhs
  • Face Value per Share: ₹10.00

Comparative Financial Performance

  • Preceding Quarter (March 31, 2026): Net Profit ₹5.81 lakhs, EPS ₹0.13
  • Year-ago Quarter (June 30, 2025): Net Loss ₹0.50 lakhs, EPS (₹0.01)
  • Year-to-date (March 31, 2026): Net Profit ₹1.50 lakhs, EPS ₹0.03

Auditor's Review Report Qualifications

The independent auditor, S K Bhavsar & Co., issued a Limited Review Report with significant emphasis of matter:

1. Loans and Advances: The company has provided loans and advances of ₹275.67 lakhs that have been outstanding for a long period. No balance confirmation was received from the parties, making recoverability uncertain. The company recorded interest income on these loans without following RBI NPA norms for provisioning.

2. Income Tax Demand: The company has an outstanding income tax demand of ₹529.75 lakhs. The auditor could not obtain documentary evidence regarding the forum where proceedings are pending or verify the duration and quantum of the payable amount.

3. Investments: The auditor was unable to verify the existence and correctness of investments as of June 30, 2026, due to lack of detailed records, physical verification statements, and supporting documents. They relied on management representations.

The auditor concluded that based on their review, nothing has come to their attention that causes them to believe the financial results contain material misstatement, but their conclusion is qualified by the above matters.