Geetanjali Credit and Capital Ltd
Financial Result for Quarter ended as on 30th June 2026
RESULTS
▼ Concern Flagged
HIGH RISK
📅 Filed on BSE: 24 Jul 2026, 05:10 PM IST · BSE ID: ae7d2fe2-1de2-4d8a-86fa-4161286a4ff5
View Original BSE Filing (PDF)
💡
In Simple Terms
The company reported a small profit, but auditors raised major concerns about unconfirmed loans, unpaid taxes, and unverified investments.
🤖 AI Summary
- Geetanjali Credit and Capital Limited reported a net profit of Rs. 1.48 Lakhs for the quarter ended June 30, 2026.
- Auditors flagged unconfirmed Loans and Advances totaling Rs. 275.67 Lakhs with no balance confirmations received.
- The company has an outstanding demand of Rs. 529.75 Lakhs towards the income tax department, lacking documentary evidence.
- Auditors were unable to obtain sufficient evidence to verify the correctness and existence of investments as of June 30, 2026.
- Management recorded interest income on unconfirmed loans and has not followed RBI's NPA norms for provisioning.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Net Profit for the period
1.48 Lakhs
Revenue from Operations
0.21 Lakhs
Loans and Advances without balance confirmation
275.67 Lakhs
Outstanding income tax demand
529.75 Lakhs
Basic Earning per Share
0.03 Lakhs
🏢 How This Affects the Company
The unconfirmed loans and advances of Rs. 275.67 Lakhs could require significant provisioning if deemed unrecoverable, impacting future profitability. The Rs. 529.75 Lakhs income tax demand represents a substantial liability.
The auditor's emphasis of matter paragraphs introduce significant financial and compliance risks, particularly regarding loan recoverability, adherence to RBI's NPA norms, and tax liabilities. The inability to verify investments adds to asset valuation risk.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required by shareholders based on this filing.
👤
Who Is Affected
All shareholders are indirectly affected by the auditor's concerns regarding unconfirmed assets, non-compliance with RBI norms, and significant tax liabilities, which could impact the company's financial stability.
🔍
Management Signal
The filing indicates management recorded interest income on loans not compliant with RBI NPA norms and did not provide sufficient documentation for auditors on loans, investments, or tax demands.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Q2 FY27 results — monitor for any resolution or updates on auditor's concerns.
Next annual report — examine disclosures regarding loans, investments, and tax demands.
Regulatory filings — check for any actions related to RBI NPA norms or income tax issues.
HIGH RISK
Significant auditor concerns about unconfirmed assets, non-compliance with RBI norms, and material tax liability indicate high financial and regulatory risk.
💡 Investor Takeaway
Geetanjali Credit and Capital reported a net profit of Rs. 1.48 Lakhs for Q1 FY27. Auditors emphasized Rs. 275.67 Lakhs in unconfirmed loans, non-adherence to RBI NPA norms, an outstanding income tax demand of Rs. 529.75 Lakhs, and inability to verify investments.
⚖️ Strengths & Concerns
⚠️ Concerns
- Auditors highlighted Rs. 275.67 Lakhs in unconfirmed Loans and Advances with no balance confirmation received from parties.
- Company faces an outstanding income tax demand of Rs. 529.75 Lakhs and failed to provide documentary evidence regarding proceedings.
📅 Company Track Record
The previous filing from July 24, 2026, for the same quarter, also reported a profit of Rs. 1.48 Lakhs and highlighted the Rs. 275.67 Lakhs in unconfirmed loans, indicating these issues have persisted and were noted by auditors previously.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was Geetanjali Credit and Capital's net profit for the quarter ended June 30, 2026?
Geetanjali Credit and Capital Limited reported a net profit of Rs. 1.48 Lakhs for the quarter ended June 30, 2026.
What significant concerns did the auditors raise regarding Geetanjali Credit and Capital's financials?
Auditors highlighted Rs. 275.67 Lakhs in Loans and Advances for which no balance confirmations were received, non-adherence to RBI's NPA norms, and an inability to verify investments.
What is the outstanding income tax demand mentioned in Geetanjali Credit and Capital's filing?
Geetanjali Credit and Capital Limited has an outstanding demand of Rs. 529.75 Lakhs towards the income tax department, for which documentary evidence was not provided to auditors.
Did Geetanjali Credit and Capital follow RBI's NPA norms for loan provisioning?
The auditors noted that Geetanjali Credit and Capital Limited has not been following RBI's NPA norms for provision on Loans & Advances since long and recorded interest income not as per these norms.
Questions based on this BSE filing only. For information purposes.