Gujarat State Financial Corporation News

GSFC Receives ₹9.88 Lakh BSE Fine for Governance Issues

Gujarat State Financial Corporation disclosed receiving a ₹9.88 lakh fine from BSE for non-compliance with corporate governance requirements for Q3 FY26, primarily due to absence of independent directors.

GSFC Reports 5% Rise in Annual Loss to Rs 12,534 Lakh

Gujarat State Financial Corporation's annual loss increased 5% to Rs 12,534 lakh in FY25, while total income dropped 24.63% and staff strength reduced from 16 to 12 employees.

GSFC Reports Q3 FY26 Loss of ₹3,192.61 Lakh

Gujarat State Financial Corporation posted net loss of ₹3,192.61 lakh for Q3 FY26 with total income at ₹422.64 lakh. Nine-month loss reached ₹9,490.74 lakh.

GSFC Board Meeting Set for February 13, 2026

Gujarat State Financial Corporation announces board meeting on February 13, 2026 to consider Q3FY26 unaudited financial results for quarter and nine months ended December 31, 2025.

Gujarat State Financial Corporation Receives Rs. 11,800 Fine from BSE for Corporate Governance Non-Compliance

Gujarat State Financial Corporation was fined Rs. 11,800 by BSE for non-compliance with corporate governance requirements for the quarter ended September 30, 2025, specifically regarding the absence of Independent Directors on its Board and Committees. The Corporation has contested the fine, arguing that its Board constitution is governed by the State Financial Corporations Act, 1951, and has requested amendments to align with SEBI regulations while seeking waiver of the penalty.