GLFL - Guj. Lease Fin.
📢 Recent Corporate Announcements
Gujarat Lease Financing Limited (GLFL) reported a net profit of ₹2.78 lakhs for the quarter ended December 31, 2025, a decrease from ₹5.02 lakhs in the previous year's corresponding quarter. The company generated zero revenue from operations, relying solely on other income of ₹10.65 lakhs to cover its expenses. Critically, the company continues to be classified as a non-going concern, with accumulated losses exceeding its net worth and total liabilities surpassing total assets. Management has explicitly stated that there is no business plan or intention to resume business activities in the near future.
- Net profit for Q3 FY26 declined to ₹2.78 lakhs from ₹5.02 lakhs in Q3 FY25.
- Revenue from operations remains at zero, with total income consisting of ₹10.65 lakhs in other income.
- The company recorded a net loss of ₹0.96 lakhs for the nine-month period ended December 31, 2025.
- Accumulated losses have completely eroded the company's net worth, leading to a non-going concern status.
- Management confirmed there is no intent to initiate any business activity in the near future.
Gujarat Lease Financing Limited (GLFL) reported a net profit of ₹2.78 lakhs for the quarter ended December 31, 2025, down from ₹5.02 lakhs in the same period last year. The company continues to generate zero revenue from operations, with its total income of ₹10.65 lakhs derived entirely from other sources. Management has explicitly stated that the company has no business plan and no intention to resume business activities in the near future. Consequently, the financial statements are prepared on a non-going concern basis as accumulated losses have completely eroded the company's net worth.
- Revenue from operations remained at ₹0.00 for the quarter and nine-month period ended December 31, 2025.
- Net profit for Q3 FY26 stood at ₹2.78 lakhs, a 44.6% decline compared to ₹5.02 lakhs in Q3 FY25.
- Accumulated losses have exceeded the company's net worth, and total liabilities exceed total assets.
- Management confirmed the company has no business plan and is operating as a non-going concern.
- Total expenses for the quarter increased to ₹7.87 lakhs from ₹5.92 lakhs in the previous year's corresponding quarter.
Gujarat Lease Financing Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by MCS Share Transfer Agent Limited, confirms the processing of dematerialization and rematerialization requests for the quarter ended December 31, 2025. It verifies that security certificates were mutilated and cancelled after due verification, and the names of depositories were substituted in the register of members. This is a standard procedural filing ensuring the company's adherence to electronic shareholding norms.
- Compliance certificate submitted for the quarter ended December 31, 2025.
- Confirmation provided by Registrar and Transfer Agent (RTA), MCS Share Transfer Agent Limited.
- Verification that dematerialized securities are listed on the stock exchanges where earlier securities were listed.
- Physical certificates were mutilated and cancelled within prescribed timelines as per SEBI norms.
Gujarat Lease Financing Limited (GLFL) has announced the closure of its trading window for designated persons starting January 1, 2026. This action is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the company's financial results for the quarter and nine months ending December 31, 2025. The window will remain closed until 48 hours after the results are officially submitted to the stock exchanges. This is a standard procedural filing and does not reflect any change in the company's fundamentals.
- Trading window for designated persons to close effective January 1, 2026
- Closure pertains to the Unaudited Financial Results for the quarter and nine months ending December 31, 2025
- Trading window will reopen 48 hours after the financial results are disclosed to BSE and NSE
Financial Performance
Revenue Growth by Segment
The company has no operational segments. Interest income from bank deposits, the sole revenue source, was INR 41.97 lakhs in FY 2024-25, representing a 3% increase from INR 40.75 lakhs in FY 2023-24.
Geographic Revenue Split
100% of revenue is generated in India, primarily from interest on bank deposits held in domestic financial institutions.
Profitability Margins
Net profit for FY 2024-25 was INR 5.86 lakhs, a 32.49% decrease from INR 8.68 lakhs in FY 2023-24. Net worth is negative INR 3,122.19 lakhs as of March 31, 2025, with accumulated losses of INR 16,458.21 lakhs exceeding the equity share capital of INR 2,716.05 lakhs.
EBITDA Margin
Operating profit before working capital changes was negative INR 36.06 lakhs in FY 2024-25, compared to negative INR 39.22 lakhs in FY 2023-24, indicating a lack of core operational profitability.
Capital Expenditure
Historical capital expenditure for FY 2024-25 was INR 0.00 Cr, as the company has no operational activities or expansion plans.
Credit Rating & Borrowing
Credit rating is not disclosed; however, the company has no active borrowings and operates under a 2004 court-sanctioned scheme of compromise with 16 banks.
Operational Drivers
Raw Materials
Not applicable as the company has no manufacturing or operational activities.
Capacity Expansion
Current installed capacity is zero; there are no planned expansions as the company is a non-going concern.
Raw Material Costs
Raw material costs are 0% of revenue due to the absence of operational activities.
Logistics & Distribution
Distribution costs are 0% of revenue as no products are sold.
Strategic Growth
Expected Growth Rate
0%
Growth Strategy
The company has no business plan and does not intend to have any business activity in the near future. Financial statements are prepared on a non-going concern assumption, focusing on stating assets at realizable value rather than business expansion.
Products & Services
The company currently offers no products or services to customers as it has no operational activities.
Brand Portfolio
Gujarat Lease Financing Limited (GLFL).
New Products/Services
New product launches are 0% of expected revenue; no development is underway.
Market Expansion
There are no market expansion plans; the company is focused on winding down operations.
Market Share & Ranking
Market share is 0% as the company is inactive in the financial services sector.
Strategic Alliances
No strategic alliances or JVs are currently active.
External Factors
Industry Trends
The company reflects the trend of legacy financial entities in India undergoing long-term liquidation or winding down under court-sanctioned schemes, with no current growth and a focus on asset realization.
Competitive Landscape
There is no competitive landscape as the company is not an active participant in the financial services market.
Competitive Moat
The company possesses no competitive moat or durable advantage, as it has no operations, no products, and a negative net worth of INR 3,122.19 lakhs.
Macro Economic Sensitivity
The company is highly sensitive to interest rate fluctuations, which directly impact its sole income source of INR 41.97 lakhs from bank deposits.
Geopolitical Risks
Geopolitical risks are negligible due to the lack of active business operations and international trade.
Regulatory & Governance
Industry Regulations
The company is governed by a scheme of compromise and arrangement with a consortium of 16 banks sanctioned by the High Court of Gujarat on July 27, 2004. It must also comply with Ind AS and Companies Act requirements despite its non-going concern status.
Environmental Compliance
ESG compliance costs were INR 0.00 as there are no manufacturing or operational activities.
Taxation Policy Impact
The company reported no tax expense for FY 2024-25. Direct tax refunds/payments were INR 4.61 lakhs.
Legal Contingencies
The company is subject to the 2004 High Court of Gujarat sanctioned scheme of compromise and arrangement with 16 banks. As of September 30, 2025, total liabilities exceed total assets, and accumulated losses exceed net worth.
Risk Analysis
Key Uncertainties
The primary risk is the material uncertainty regarding the entity's ability to continue as a going concern (100% impact), as it has no business plan and negative equity of INR 3,122.19 lakhs.
Geographic Concentration Risk
100% of the company's limited financial activity and its 3 employees are based in India, specifically Gujarat.
Third Party Dependencies
The company is entirely dependent on banks for its interest income (INR 41.97 lakhs) and the maintenance of its fixed deposits.
Technology Obsolescence Risk
The company faces total technology obsolescence risk as it has no active business operations or digital infrastructure to generate revenue.
Credit & Counterparty Risk
Exposure is concentrated in bank deposits; the company has no trade receivables due to lack of operations.