Geetanjali Credit and Capital Ltd

Geetanjali Credit and Capital Ltd has announced its 36th Annual General Meeting (AGM) to be held on August 21, 2026, at 1:00 PM via Video Conferencing. The agenda includes the adoption of the financial statements for the fiscal year 2025-26, including the Balance Sheet, Profit & Loss Account, and Cash Flow Statement. A key special business item is the proposed increase in authorized share capital from ₹5 Crores to ₹95 Crores. Additionally, the appointment of Dharmendra Hasmukhbhai Vyas as Managing Director for a five-year term (April 21, 2026, to April 20, 2031) will be considered.

Geetanjali Credit and Capital Ltd has announced its 36th Annual General Meeting (AGM) will be held on Friday, August 21, 2026, at 01:00 PM. The meeting will be conducted through Video Conferencing (VC) / Other Audio-Visual Means (OAVM). Key agenda items include the adoption of the Balance Sheet, Profit & Loss Account, and Cash Flow Statement for the year ended March 31, 2026. Additionally, the company plans to seek shareholder approval to increase its authorized share capital from ₹5 Crores to ₹95 Crores and appoint Mr. Dharmendra Hasmukhbhai Vyas as the Managing Director for a term of five years.

Geetanjali Credit and Capital Ltd has announced book closure for its Annual General Meeting (AGM). The register of members and share transfer book will be closed from August 15, 2026, to August 21, 2026, inclusive. The AGM is scheduled for August 21, 2026. A cut-off date of August 14, 2026, has been fixed for recording entitlement to vote electronically. The remote e-voting period will be from August 18, 2026, to August 20, 2026.

Geetanjali Credit and Capital Ltd has issued a clarification regarding a typographical error in its previous board meeting outcome dated July 16, 2026. The company has corrected the proposed increase in its Authorized Share Capital. The authorized capital will now be increased from ₹5 Crores (50,00,000 Equity Shares of ₹10 each) to ₹95 Crores (9,50,00,000 Equity Shares of ₹10 each). This change is subject to shareholder approval at the upcoming Annual General Meeting. All other aspects of the previous board meeting outcome remain unchanged.

Geetanjali Credit and Capital Ltd's independent auditor, S KBHAVSAR & CO., has issued a review report on the unaudited financial results for the quarter ended June 30, 2026. The report highlights significant concerns regarding the recoverability of loans and advances totaling ₹275.67 Lakhs, as no balance confirmations were received and interest income was recorded despite not adhering to RBI's NPA norms. The company also faces an outstanding income tax demand of ₹529.75 Lakhs, with insufficient documentation provided regarding the pending proceedings. Furthermore, the auditor could not verify the correctness or existence of investments due to a lack of detailed records and physical verification statements, relying instead on management representations.

Geetanjali Credit and Capital Ltd held a board meeting on July 24, 2026, to approve the unaudited financial results for the quarter ended June 30, 2026. The company submitted the results along with a limited review report. The auditor's report highlighted concerns regarding unconfirmed loans and advances totaling ₹275.67 Lakhs, potential non-compliance with NPA norms, an outstanding income tax demand of ₹529.75 Lakhs, and issues verifying investments due to lack of documentation.

Geetanjali Credit and Capital Ltd has announced that its Board of Directors will convene on July 24, 2026. The primary agenda item is to consider and approve the unaudited financial results for the quarter ending June 30, 2026. The company also noted that the trading window for designated personnel, which closed on July 1, 2026, will reopen 48 hours after the declaration of these financial results. This meeting is in compliance with SEBI (LODR) Regulations, 2015.

Geetanjali Credit and Capital Ltd held a board meeting on July 17, 2026. Key outcomes include the resignation of Executive Director Mr. Ashok Kumar Mathur, effective the same day, due to pre-occupancy. The board also appointed Ms. Pradeep Kumar Agrawal as an Additional Director in the Non-Executive Independent category for a five-year term, subject to regulatory and shareholder approval. Furthermore, the board approved the reconstitution of various board committees. The meeting commenced at 5:30 PM and concluded at 6:00 PM.

Geetanjali Credit and Capital Ltd announced the appointment of Ms. Pradeep Kumar Agrawal as an Additional Director, categorized as Non-Executive Independent Director. This appointment is effective from July 17, 2026, for a term of five years, subject to regulatory and shareholder approval. The board meeting also noted the resignation of Mr. Ashok Kumar Mathur as Executive Director due to pre-occupancy, confirming no other material reasons for his departure. The company also approved the reconstitution of various board committees. The board meeting was held on July 17, 2026, from 5:30 PM to 6:00 PM.

Geetanjali Credit and Capital Ltd announced the resignation of Mr. Ashok Kumar Mathur as Executive Director, effective July 17, 2026, due to pre-occupancy. The company also appointed Ms. Pradeep Kumar Agrawal as an Additional Director (Non-Executive Independent) for a five-year term, subject to regulatory and shareholder approval. The Board of Directors also approved the reconstitution of various committees. Mr. Mathur confirmed no other material reasons for his resignation beyond those stated.