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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 State Financial Corporation

Gujarat State Financial Corporation Q2 FY27 Results & OTS Scheme Re-introduction

RESULTS ▼ Concern Flagged HIGH RISK
📅 Filed on BSE: 26 Oct 2026, 03:05 PM IST  ·  BSE ID: 54e61fc8-f97c-40e8-b4fc-ae817446d0aa
View Original BSE Filing (PDF)
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In Simple Terms
The company reported financial losses for the last quarter and half-year, and is re-introducing a loan settlement program.
🤖 AI Summary
  • Board approved unaudited financial results for the quarter and half year ended September 30, 2026.
  • Net loss for Q2 FY27 was (2018.75) lakh; Net loss for H1 FY27 was (3986.41) lakh.
  • Company decided to re-introduce a One Time Settlement (OTS) Scheme for Term Loans up to and above 15.00 lakh.
  • Statutory auditors issued qualified opinions on going concern basis and unconfirmed dues to Government of Gujarat.
  • Interest expended for Q2 FY27 was 2353.95 lakh, contributing to negative operating profit.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Net Profit/Loss for the period (Q2 FY27)
(2018.75) lakh
Not comparable — limited prior period data.
Net Profit/Loss for the half year (H1 FY27)
(3986.41) lakh
Not comparable — limited prior period data.
Interest earned (Q2 FY27)
7.87 lakh
Not comparable — limited prior period data.
Interest Expended (Q2 FY27)
2353.95 lakh
Not comparable — limited prior period data.
Gross NPA %
100%
Net NPA %
100%
🏢 How This Affects the Company
📈
Business Impact
The re-introduction of the One Time Settlement Scheme aims to facilitate recovery of outstanding term loans, potentially impacting asset quality by resolving delinquent accounts.
💰
Financial Impact
The Net Loss for Q2 FY27 was (2018.75) lakh and for H1 FY27 was (3986.41) lakh. Net worth is completely eroded, and the company discontinued providing interest on a 621.37 crore soft loan from April 01, 2026, which if considered, would increase net loss by 1,245.98 lakh for Q2 FY27.
⚙️
Operational Impact
The OTS scheme requires operational resources for implementation and settlement of eligible term loans, potentially involving significant recovery efforts.
⚠️
Risk Impact
Auditors noted concerns regarding the company's going concern basis due to eroded net worth and defaulted repayment obligations. Dues payable to the Government of Gujarat remain unconfirmed and subject to adjustment.
👥 What This Means For Shareholders
✅
Action Required
No action required by shareholders based on this filing.
👤
Who Is Affected
All shareholders are affected by the reported net losses of (2018.75) lakh for Q2 FY27 and the auditors' qualified opinion on the company's going concern basis.
🔍
Management Signal
The management's decision to re-introduce an OTS scheme signals an intent to address outstanding loan recoveries and improve asset quality, despite ongoing financial challenges.

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

👁 Watch List — track these upcoming events
Q3 FY27 financial results — check for changes in Net Loss and NPA figures.
Update on Government of Gujarat loan waiver — confirmation on interest waiver status.
Progress of OTS scheme — monitor impact on loan recovery and asset quality.
HIGH RISK Auditor's going concern qualification and 100% NPA ratios indicate severe financial distress.
💡 Investor Takeaway
Gujarat State Financial Corporation reported a Net Loss of (2018.75) lakh for Q2 FY27. The company re-introduced an OTS scheme for term loans while statutory auditors qualified their review on going concern and unconfirmed government dues.
⚖️ Strengths & Concerns

⚠️ Concerns

  • Net Loss for Q2 FY27 stood at (2018.75) lakh, indicating significant operational deficit.
  • Auditors issued a qualified opinion on the going concern basis due to completely eroded net worth and defaulted repayment obligations.
❓ Frequently Asked Questions
What were Gujarat State Financial Corporation's financial results for Q2 FY27?
Gujarat State Financial Corporation reported a Net Loss of (2018.75) lakh for the quarter ended September 30, 2026.
What is the One Time Settlement (OTS) Scheme re-introduced by Gujarat State Financial Corporation?
The Board decided to re-introduce an OTS Scheme for Term Loans disbursed up to 15 lakh and above 15.00 lakh, excluding proven convicted criminal cases.
What were the auditors' qualified opinions on Gujarat State Financial Corporation's results for Q2 FY27?
Auditors raised qualified opinions on the going concern basis due to eroded net worth and defaulted repayment obligations, and on unconfirmed dues payable to the Government of Gujarat.
What was the Net Loss for Gujarat State Financial Corporation for the half year ended September 30, 2026?
The Net Loss for the half year ended September 30, 2026, was (3986.41) lakh.

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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