Gujarat Lease Financing Ltd
Gujarat Lease Financing Ltd Q1 FY27 Loss of Rs. 8.03 lakhs, Non-Going Concern Basis
RESULTS
▼ Concern Flagged
HIGH RISK
📅 Filed on BSE: 30 Jul 2026, 05:17 PM IST · BSE ID: 13c3c108-9536-47c3-966a-56a66b7bcdc8
View Original BSE Filing (PDF)
💡
In Simple Terms
The company reported a loss for the quarter, and its financial health suggests it may not continue business as usual.
🤖 AI Summary
- Gujarat Lease Financing Ltd reported a loss of Rs. 8.03 lakhs for the quarter ended June 30, 2026.
- Accumulated losses exceeded the company's net worth as of June 30, 2026.
- Total liabilities surpassed total assets for the period ending June 30, 2026.
- Financial statements were prepared on a non-going concern basis, with no immediate business plan.
- The Board Meeting to approve results commenced at 04:15 p.m. and concluded at 04:45 p.m. on July 30, 2026.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Profit/(Loss) for the period (Q1 FY27)
(8.03) lakhs
Profit/(Loss) for the corresponding previous quarter (Q1 FY26)
(5.86) lakhs
Total Income (Q1 FY27)
9.92 lakhs
Total Expenses (Q1 FY27)
17.95 lakhs
Paid-up Equity Share Capital
2712.58 lakhs
🏢 How This Affects the Company
The company explicitly states it does not have any business plan and does not intend to have any business activity in the near future.
Accumulated losses exceed net worth, and total liabilities exceed total assets as of June 30, 2026, indicating significant financial distress.
Operations are effectively halted, as there is no business plan and no intention for future business activity.
The non-going concern assumption signifies a high risk to the company's long-term viability and asset realization.
👥 What This Means For Shareholders
✅
Action Required
No specific action is required based on this filing.
👤
Who Is Affected
All shareholders are affected by the company's declared non-going concern status, which impacts the realizable value of financial assets.
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Management Signal
The management's preparation of financial statements on a non-going concern basis signals a fundamental shift in the company's operational outlook.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Next quarterly financial results — monitor any changes to the non-going concern assumption.
Any communication regarding a potential business plan or strategy update.
Updates on the final Deed of Assignment of charged assets to banks from 2004-05.
HIGH RISK
The company's non-going concern status, accumulated losses exceeding net worth, and no business plan indicate severe financial risk.
💡 Investor Takeaway
Gujarat Lease Financing Ltd recorded a loss of Rs. 8.03 lakhs for Q1 FY27. As of June 30, 2026, accumulated losses surpassed net worth and total liabilities exceeded total assets. Financial statements were prepared on a non-going concern basis due to no business plan.
⚖️ Strengths & Concerns
⚠️ Concerns
- Reported a loss of Rs. 8.03 lakhs for Q1 FY27, widening from a loss of Rs. 5.86 lakhs in Q1 FY26.
- Accumulated losses exceeded net worth, and total liabilities surpassed total assets as of June 30, 2026.
📅 Company Track Record
The Hon'ble High Court of Gujarat sanctioned a scheme of compromise and arrangement between the company and 16 banks on July 27, 2004. Payments were made in FY 2004-05, but the final Deed of Assignment of charged assets in favor of banks is yet to be completed.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was Gujarat Lease Financing Ltd's loss for the quarter ended June 30, 2026?
Gujarat Lease Financing Ltd reported a loss of Rs. 8.03 lakhs for the quarter ended June 30, 2026.
What is the financial status of Gujarat Lease Financing Ltd as of June 30, 2026?
As of June 30, 2026, the company's accumulated losses exceeded its net worth, and total liabilities surpassed total assets.
Why were Gujarat Lease Financing Ltd's financial statements prepared on a non-going concern basis?
The financial statements were prepared on a non-going concern assumption because the company does not have a business plan and does not intend to have any business activity in the near future.
What was Gujarat Lease Financing Ltd's total income for the quarter ended June 30, 2026?
Gujarat Lease Financing Ltd's total income for the quarter ended June 30, 2026, was Rs. 9.92 lakhs.
Questions based on this BSE filing only. For information purposes.