Board Meeting Details
The Board of Directors meeting was held on Monday, 10th August, 2026, commencing at 06:00 p.m. and concluding at 06:20 p.m.
Key Decisions and Approvals
1. Financial Results Approval: The Board considered and approved the Un-audited (Standalone & Consolidated) Financial Results for the quarter ended June 30, 2026 along with Limited Review Report thereon.
2. Internal Auditor Appointment: Based on recommendation of the Audit Committee, the Board approved the appointment of M/s. Dhruv M Patel & Associates; Chartered Accountants (FRN: 162705W), as the Internal Auditor of the Company for the F.Y. 2026-27. The appointment date is 10th August, 2026.
Financial Results - Standalone (Rs. in Lacs)
Quarter Ended June 30, 2026:
- Total Income: ₹9.00 (Other Income: ₹9.00, Revenue from Operations: ₹0.00)
- Total Expenses: ₹16.70
- Employee benefit expense: ₹4.32
- Depreciation and amortisation expense: ₹0.02
- Other Expenses: ₹12.36
- Loss before tax: ₹(7.70)
- Tax Expense: ₹(0.45) (Deferred Tax credit)
- Net Loss for the period: ₹(7.25)
- Other Comprehensive Income: ₹1.08 (net of tax)
- Total Comprehensive Loss: ₹(6.17)
- Paid-up Equity Share Capital: ₹300.00 (Face Value ₹10 per share)
- Earnings Per Share (Basic & Diluted): ₹(0.24)
Comparative Figures:
- Quarter Ended March 31, 2026: Net Profit ₹26.13, EPS ₹0.87
- Quarter Ended June 30, 2025: Net Loss ₹(9.06), EPS ₹(0.11)
- Year Ended March 31, 2026: Net Profit ₹1.57, EPS ₹0.02
Financial Results - Consolidated (Rs. in Lacs)
Quarter Ended June 30, 2026:
- Total Income: ₹9.00
- Total Expenses: ₹16.70
- Loss before tax: ₹(7.70)
- Tax Expense: ₹(0.45)
- Loss for the period: ₹(7.25)
- Share of Loss from Associate (GCCL Infrastructure & Projects Limited): ₹(0.87)
- Net Loss for the period: ₹(8.12)
- Other Comprehensive Income: ₹1.08
- Total Comprehensive Loss: ₹(7.04)
- Paid-up Equity Share Capital: ₹300.00
- Earnings Per Share (Basic & Diluted): ₹(0.27)
Comparative Figures:
- Quarter Ended March 31, 2026: Net Profit ₹50.09, EPS ₹0.59
- Quarter Ended June 30, 2025: Net Loss ₹(17.62), EPS ₹(0.21)
- Year Ended March 31, 2026: Net Profit ₹8.24, EPS ₹0.10
Internal Auditor Appointment Details
- Firm: M/s. Dhruv M Patel & Associates, Chartered Accountants
- FRN: 162705W
- Proprietor: Mr. Dhruvkumar Mohanbhai Patel
- Experience: Field of accounting, auditing and related services
- Tenure: To conduct Internal Audit for the Financial Year 2026-27
- Reason for appointment: To comply with applicable provisions of the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Auditor Review Reports
The unaudited financial results were reviewed by Sorab S. Engineer & Co. (Chartered Accountants), who issued limited review reports stating that nothing has come to their attention that causes them to believe that the statements contain any material misstatement and have been prepared in accordance with Indian Accounting Standards.
Notes to Financial Results
1. Prepared in accordance with Indian Accounting Standards prescribed under Companies Act, 2013
2. Results reviewed by Audit Committee and approved by Board of Directors on August 10, 2026
3. Company's business activity falls within a single operating business segment of Real Estate Development
4. Includes results for quarter ended March 31, 2026 as balancing figure between audited annual figures and published unaudited YTD figures
5. Previous period figures have been regrouped/reclassified where necessary
Entities Involved
- Parent Company: Gujarat Credit Corporation Limited
- Associate Company: GCCL Infrastructure & Projects Limited
- Statutory Auditor: Sorab S. Engineer & Co. (Chartered Accountants)
- Internal Auditor: M/s. Dhruv M Patel & Associates (Chartered Accountants)