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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, 06:23 PM IST  ·  BSE ID: 78f4c209-4d8b-4450-9eb9-660b0d8f099f
View Original BSE Filing (PDF)
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In Simple Terms
The company reported a small profit this quarter, but its auditors note it is not expected to continue business and its debts are higher than its assets.
🤖 AI Summary
  • Profit/(Loss) before tax for Q2 FY27 was Rs. 2.54 lakhs, compared to Rs. 2.12 lakhs in Q2 FY26.
  • Total Income for the quarter ended September 30, 2026, was Rs. 10.76 lakhs.
  • The financial statements are prepared on a non-going concern basis due to accumulated losses exceeding net worth.
  • As of September 30, 2026, the company's total liabilities of Rs. 1,045.21 lakhs exceeded its total assets of Rs. 643.82 lakhs.
  • The company does not have any business plan and does not intend to have any business activity in the near future.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Profit/(Loss) for the period Q2 FY27
Rs. 2.54 lakhs
19.81%
Total Income Q2 FY27
Rs. 10.76 lakhs
1.89%
Total Assets as of Sep 30, 2026
Rs. 643.82 lakhs
Total Liabilities as of Sep 30, 2026
Rs. 1,045.21 lakhs
Net Cash from Operating Activities for six months ended Sep 30, 2026
Rs. (592.22) lakhs
🏢 How This Affects the Company
📈
Business Impact
The company explicitly stated it does not have any business plan and does not intend to have any business activity in the near future.
💰
Financial Impact
Accumulated losses exceed net worth, and total liabilities of Rs. 1,045.21 lakhs exceed total assets of Rs. 643.82 lakhs as of September 30, 2026. Financial statements are prepared on a non-going concern basis.
⚠️
Risk Impact
The non-going concern assumption indicates significant financial instability and raises questions about the company's long-term viability.
👥 What This Means For Shareholders
✅
Action Required
No specific action is required from shareholders based on this filing.
👤
Who Is Affected
All shareholders are affected by the company's non-going concern status and its expressed intent not to pursue future business activities.
🔍
Management Signal
Management signals an absence of future business plans and acknowledges the company's non-going concern financial state.

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

👁 Watch List — track these upcoming events
Next quarterly financial results — observe consistency of non-going concern status.
Any further declarations from management regarding business plans or cessation of operations.
Updates on the company's equity and liabilities position.
HIGH RISK The company is operating on a non-going concern basis, with liabilities significantly exceeding assets and no stated future business plan.
💡 Investor Takeaway
Gujarat Lease Financing Ltd reported a Profit/(Loss) for the period of Rs. 2.54 lakhs for Q2 FY27. However, the financial statements are prepared on a non-going concern basis, as accumulated losses exceed net worth, and total liabilities of Rs. 1,045.21 lakhs exceed total assets of Rs. 643.82 lakhs.
⚖️ Strengths & Concerns

✅ Positives

  • Reported a Profit/(Loss) for the period of Rs. 2.54 lakhs for Q2 FY27, an increase from Rs. 2.12 lakhs in Q2 FY26.
  • Other Income for Q2 FY27 was Rs. 10.76 lakhs, contributing the entirety of the company's total income.

⚠️ Concerns

  • The financial statements are prepared on a non-going concern assumption, with accumulated losses exceeding net worth.
  • Total liabilities of Rs. 1,045.21 lakhs exceed total assets of Rs. 643.82 lakhs as of September 30, 2026.
📅 Company Track Record
In Q1 FY27 (June 30, 2026), Gujarat Lease Financing Ltd reported a loss of Rs. 8.03 lakhs, also on a non-going concern basis. The company has consistently noted its non-going concern status in recent financial filings.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What is Gujarat Lease Financing Ltd's profit for Q2 FY27?
Gujarat Lease Financing Ltd reported a Profit/(Loss) for the period of Rs. 2.54 lakhs for the quarter ended September 30, 2026.
What was the total income for Gujarat Lease Financing Ltd in Q2 FY27?
The total income for Gujarat Lease Financing Ltd for the quarter ended September 30, 2026, was Rs. 10.76 lakhs, entirely from Other Income.
Why are Gujarat Lease Financing Ltd's financial statements prepared on a non-going concern basis?
The financial statements are prepared on a non-going concern basis because accumulated losses exceed net worth, and total liabilities exceed total assets as of September 30, 2026. The company also states it has no business plan for the near future.
What is the status of Gujarat Lease Financing Ltd's assets and liabilities as of September 30, 2026?
As of September 30, 2026, Gujarat Lease Financing Ltd's total assets were Rs. 643.82 lakhs, and total liabilities were Rs. 1,045.21 lakhs.

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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