Board approves Q2/H1 FY2026-27 unaudited results and preferential-issue fund utilisation certificate
Board met on 04.11.2026 and approved the unaudited standalone results for the quarter and half year ended 30.09.2026, along with the auditor's limited review report.
By ScoutQuest · · 3 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 4.52 | 0.00 | — | 0.00 | — |
| Total income | 4.52 | 4.65 | −2.8% | 0.00 | — |
| Profit before tax | -5.87 | -5.94 | +1.2% | -8.49 | +30.9% |
| Profit after tax | -5.88 | -5.94 | +1% | -8.49 | +30.7% |
| Total comprehensive income | 10.21 | -7.34 | — | 0.71 | — |
| Basic EPS | -0.14 | -0.18 | +22.2% | -0.20 | +30% |
- Total income YoY change
- 4.65 (−2.8%)
- Period
- Quarter ended 30.09.26
Also decided at the meeting
- Board considered and approved the certificate of utilization of funds raised through preferential issue (total allocated 4,25,41,650; utilized 1,40,73,869 till September 30, 2026).
Auditor's review
Conclusion: Unmodified
Notes to the results
- No provision for Income Tax for the current period has been made as the same is not required.
- The Company operates in only one segment (i.e financial activities).
What the board approved
The board of GSL Securities met on 04.11.2026 from 03.00 P.M. to 04.15 P.M. and approved two things: the unaudited financial results for the quarter and half year ended 30.09.2026, and a certificate on how money raised through a preferential issue has been used.
The results are standalone (the company's own books, not consolidated with any subsidiaries). They carry a limited review report from the statutory auditors, V R S K & Co. LLP. A limited review is narrower than a full audit: it checks the numbers through enquiries and analytical procedures rather than a full audit, so the auditor does not give an audit opinion.
Auditor's conclusion
The auditor stated that nothing came to their attention that causes them to believe the statement has not disclosed what is required, or that it contains any material misstatement. That is a clean review conclusion.
How the numbers look (Rs. In Lacs)
All figures below are as printed, in lakhs.
- Quarter ended 30.09.2026: 'Total income' 4.52, 'Total expenses' 10.39, 'Net Profit / (Loss)' -5.88.
- Half year ended 30.09.2026: 'Total income' 4.52, 'Total expenses' 18.88, 'Net Profit / (Loss)' -14.37.
- Same half year last year (30.09.2025): 'Total income' 5.35 and 'Net Profit / (Loss)' -12.92.
- Full year ended 31.03.2026 (audited): 'Total income' 5.59 and 'Net Profit / (Loss)' -31.38.
So the company reported a loss at the profit line for the quarter and the half year, and the half-year loss is somewhat larger than in the same half last year.
A line worth understanding: 'Other comprehensive Income, net of income Tax' was 25.29 for the half year. Adding that to the loss gives 'Total Comprehensive income for the period' of 10.92, against -2.08 in the same half last year. Other comprehensive income is not the same as operating profit — it reflects movements outside the main profit line, and it is what turns the reported total for the period positive.
Balance sheet pointers (as at 30.09.2026, Rs. In Lacs)
- 'Total Assets' 999.02, of which 'Investments' (non-current) 576.06 and 'Cash and cash equivalents' 284.67.
- Paid-up equity share capital 427.51 (face value of Rs. 10 each) and reserves excluding revaluation reserves 559.07.
- Basic and diluted 'Earnings per equity share (after extraordinary items)' for the half year: -0.34; for the quarter: -0.14.
The results note that no provision for income tax was made for the current period as it is not required, and that the company operates in a single segment (financial activities).
Preferential issue fund usage
The second approved item is a chartered accountant's certificate on utilisation of preferential-issue proceeds, confirmed up to 30.09.2026, in rupees:
- Working capital requirements: allocated 3,82,87,485; utilised 1,10,92,211; balance in bank 2,71,95,274.
- General corporate purposes: allocated 42,54,165; utilised 29,81,658; balance 12,72,507.
- Total: allocated 4,25,41,650; utilised 1,40,73,869; balance 2,84,67,781.
In simple terms, roughly a third of the stated amount has been deployed so far, with the rest still sitting in the bank earmarked for the stated objects.
Takeaway for a retail reader
The update is a routine quarterly disclosure: reviewed standalone results plus a progress certificate on earlier fundraising. The quantitative picture is of a very small revenue base, continuing losses at the profit line, and a large part of preferential-issue money still unspent as of 30.09.2026.
Also from GSL Securities
Board meeting on 04 Nov 2026 to consider unaudited results for quarter and half year ended 30 Sep 2026
27 Oct 2026
Draft Letter of Offer shared for open offer of 26% at ₹42.00 per share
30 Sep 2026
More numbers
- Total expenses, half year ended 30.09.2026 (Rs. In Lacs)18.88
- Net Profit / (Loss), half year ended 30.09.2026 (Rs. In Lacs)-14.37
- Total comprehensive income, half year ended 30.09.2026 (Rs. In Lacs)10.92
- Basic EPS after extraordinary items, half year ended 30.09.2026-0.34
- Preferential issue: total amount allocated for objects4,25,41,650
- Preferential issue: total amount utilised1,40,73,869
- Preferential issue: total balance available in bank account2,84,67,781
- Total income, latest quarter4.52 (Rs. In Lacs)
- Total income, year-ago quarter4.65 (Rs. In Lacs)
- Total income, previous quarter0.00 (Rs. In Lacs)
- Total comprehensive income, latest quarter10.21 (Rs. In Lacs)
- Total comprehensive income, year-ago quarter-7.34 (Rs. In Lacs)
- Total comprehensive income, previous quarter0.71 (Rs. In Lacs)
- Profit after tax, latest quarter-5.88 (Rs. In Lacs)
- Profit after tax, year-ago quarter-5.94 (Rs. In Lacs)
- Profit after tax, previous quarter-8.49 (Rs. In Lacs)
- Revenue from operations, latest quarter4.52 (Rs. In Lacs)
- Revenue from operations, year-ago quarter0.00 (Rs. In Lacs)
- Revenue from operations, previous quarter0.00 (Rs. In Lacs)
- Profit before tax, latest quarter-5.87 (Rs. In Lacs)
- Profit before tax, year-ago quarter-5.94 (Rs. In Lacs)
- Profit before tax, previous quarter-8.49 (Rs. In Lacs)
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