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Company Filings, Explained Simply

AI-powered plain-English analysis of every important corporate announcement — financial results, order wins, dividends, mergers and more. Updated live.

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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Gujarat Lease Financing Ltd

Gujarat Lease Financing Q2 FY27 Profit Rs. 2.54 Lakhs on Non-Going Concern Basis

RESULTS ▼ Concern Flagged HIGH RISK
📅 Filed on BSE: 28 Oct 2026, 06:05 PM IST  ·  BSE ID: 7445c6b6-2813-4b69-9f4c-c697f99fc7bf
View Original BSE Filing (PDF)
💡
In Simple Terms
The company reported a small profit of Rs. 2.54 lakhs for the quarter, but its financials are on a non-going concern basis.
🤖 AI Summary
  • Board approved unaudited financial results for the quarter and half year ended September 30, 2026.
  • Reported a profit of Rs. 2.54 lakhs for the quarter ended September 30, 2026.
  • Statements prepared on a non-going concern basis, reflecting no immediate business plan.
  • Accumulated losses exceed net worth and total liabilities exceed total assets as of September 30, 2026.
  • Basic and Diluted Earnings per share for the quarter were Rs. 0.01 each.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Profit/(Loss) for the period (Q2 FY27)
2.54 Lakhs
Profit/(Loss) for the period (Q2 FY26)
2.12 Lakhs
Profit/(Loss) for the six months ended 30.09.2026
(5.49) Lakhs
Total Assets as at 30.09.2026
643.82 Lakhs
Total Equity as at 30.09.2026
(401.39) Lakhs
Total Liabilities as at 30.09.2026
1,045.21 Lakhs
Basic EPS (Q2 FY27)
0.01 Rs.10/-each
Diluted EPS (Q2 FY27)
0.01 Rs.10/-each
🏢 How This Affects the Company
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Business Impact
The company does not have any business plan and does not intend to have any business activity in the near future, indicating no operational revenue from core activities.
💰
Financial Impact
The financial statements are prepared on a non-going concern assumption, meaning financial assets are stated at realizable value or cost, whichever is lower. Accumulated losses exceed net worth, and total liabilities exceed total assets as of September 30, 2026.
⚙️
Operational Impact
The company has no current or future business activity planned, suggesting minimal ongoing operations beyond administrative functions.
⚠️
Risk Impact
The non-going concern basis indicates significant uncertainty about the company's ability to continue operations, posing a fundamental risk to its long-term viability.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is explicitly required from shareholders based on this filing.
👤
Who Is Affected
All shareholders are affected by the company's non-going concern status, which impacts the valuation of assets at realizable values rather than going concern values. Equity Share Capital remains at Rs. 2,716.05 Lakhs.
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Management Signal
Management explicitly signals a lack of current or future business plans, indicating a status of winding down or extreme dormancy rather than active operations.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Q3 FY27 financial results — check for any change in business plan status.
Future Board Meeting outcomes — monitor for decisions regarding business activity.
Auditor's reports — observe any continuity in the non-going concern emphasis.
HIGH RISK The non-going concern status and lack of business plan indicate severe risk to the company's long-term existence.
💡 Investor Takeaway
Gujarat Lease Financing reported a profit of Rs. 2.54 lakhs for the quarter ended September 30, 2026, compared to Rs. 2.12 lakhs in the prior year's corresponding quarter. However, financial statements are prepared on a non-going concern basis due to no business plan, with accumulated losses exceeding net worth.
⚖️ Strengths & Concerns

✅ Positives

  • Reported a profit of Rs. 2.54 lakhs for the quarter ended September 30, 2026, compared to a profit of Rs. 2.12 lakhs in the corresponding previous quarter.
  • Other Income increased to Rs. 10.76 lakhs in Q2 FY27 from Rs. 9.92 lakhs in Q1 FY27.

⚠️ Concerns

  • Financial statements prepared on a non-going concern assumption due to no immediate business plan or activity intentions.
  • As of September 30, 2026, accumulated losses exceeded net worth, and total liabilities of Rs. 1,045.21 Lakhs exceeded total assets of Rs. 643.82 Lakhs.
📅 Company Track Record
Gujarat Lease Financing Ltd. reported a loss of Rs. 8.03 lakhs for Q1 FY27, also on a non-going concern basis. The company has consistently filed results under this assumption, indicating a prolonged period without active core business operations.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What was Gujarat Lease Financing's net profit for Q2 FY27?
Gujarat Lease Financing reported a net profit of Rs. 2.54 lakhs for the quarter ended September 30, 2026.
What was Gujarat Lease Financing's profit for the six months ended September 30, 2026?
For the six months ended September 30, 2026, Gujarat Lease Financing reported a loss of Rs. (5.49) lakhs.
Is Gujarat Lease Financing operating on a going concern basis?
No, the financial statements for Gujarat Lease Financing are prepared on a non-going concern assumption, as the company has no business plan and does not intend to have any business activity in the near future.
What were Gujarat Lease Financing's total assets and liabilities as of September 30, 2026?
As of September 30, 2026, Gujarat Lease Financing's total assets were Rs. 643.82 Lakhs, and total liabilities were Rs. 1,045.21 Lakhs.
What was the Basic Earnings Per Share (EPS) for Gujarat Lease Financing in Q2 FY27?
The Basic Earnings Per Share (EPS) for Gujarat Lease Financing for the quarter ended September 30, 2026, was Rs. 0.01 per equity share of Rs.10/-each.

Questions based on this BSE filing only. For information purposes.

⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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