Gujarat Credit Corporation News

Gujarat Credit Forfeits 2.2 Crore Equity Shares

Gujarat Credit Corporation's board approved forfeiture of 2,20,00,000 partly paid-up equity shares worth ₹10 each after shareholders failed to pay final call amounts despite extended deadlines.

Gujarat Credit Issues Final Call Forfeiture Notice

Gujarat Credit Corporation sends reminder-cum-forfeiture notice for ₹16.50 crore unpaid final call money on 2.20 crore partly paid equity shares, following board approval on January 7, 2026.

Gujarat Credit Corporation Reports Rs 17.55 Crore Loss for Half-Year Ended September 2025

Gujarat Credit Corporation Limited posted a consolidated net loss of Rs 17.55 crore for the half-year ended September 30, 2025, compared to Rs 36.69 crore loss in the previous year. The company operates in real estate development segment and reported no revenue from operations during the quarter, with total expenses of Rs 17.54 crore.

Gujarat Credit Corporation Appoints New Independent Directors and Sets AGM Date

Gujarat Credit Corporation's board appointed Mr. Vipul Patel and Mr. Apurva Hathi as Additional Independent Directors effective September 3, 2025, subject to shareholder approval. The company scheduled its 32nd Annual General Meeting for September 30, 2025, and approved the annual report. Two existing independent directors, Mr. LA Patel and Mr. Vipul H Raja, resigned effective September 4, 2025. The board also appointed M/s GKV & Associates as Secretarial Auditors for five years and reconstituted key committees including Audit, Stakeholder Relationship, and Nomination & Remuneration committees with the new directors. The company's register of members will remain closed from September 24-30, 2025 for AGM voting purposes.