Board at its meeting held on 26-10-2026 inter alia approved unaudited financial results for the quarter and half year ended September 30, 2026 and re-introduction of OTS Scheme. Outcome of Board meeting attached.

Gujarat State Financial Corporation (Established under State Financial Corporations Act, 1951) SECRETARIAL CELL 1st Floor, Udyog Bhavan, Sector-ll, GH-4, Gandhinagar - 382 010 Phone No,: 23256766 Fax : 23252204 Website: http://gsfc.gujarat.gov.in Email: sec-cell-gsfc@gujarat.gov.in GSFC/SEC.CELLlC-21 October 26. 2026 The Listing Compliance Department BSE Ltd, 25th Floor, Phiroz Jeejeebhoy Towers Dalal Street, Fort, Mumbai 400 001 Sub: I. Unaudited financial results for the quarter and half year ended September 30, 2026 - Outcome of Board meeting. 2. Financial Results for the quarter and half year ended September 30, 2026 Ref: Stock Code: 532160 Dear Sirs, Pursuant to the Notice dated October 19, 2026, it is to be informed that the meeting of Board of Directors of the Corporation was held as scheduled on Monday, the 26,h October, 2026 and, inter alia, i) considered and approved the unaudited financial results of the Corporation for the qual1er and hal f year ended September 30, 2026 together with Limited Review Report on the said results issued by Statutory Auditors and reviewed by the Audit Committee, and ii) decided to re-introduce One Time Settlement Scheme for Term Loan disbursed upto ~ I 5 lakh and above ~ 15.00 lakh as last introduced vide Board decision under item No. 12 dated May 27,2022 except to proven convicted criminal cases. The Board meeting started at 1.30 PM and concluded at 2.45 p.m. We now forward herewith the following:- I. Unaudited financial results for the quarter/half year ended September 30, 2026 subjected to Limited Review by the statutory auditors, duly reviewed by Audit Committee and approved by Board of Directors at their respective meetings held today i.e .. October 26. 2026: 2, Limited Review Report dated 26-10-2026 on the said financial results issued by Statutory Auditors, Mis. JH Mehta & Co., Chartered Accountants, Ahmedabad. 3. Extract of the said unaudited financial results being released in daily "Financial Express', Gujarati and English editions of Ahmedabad. Kindly take note of the same. This communication ,is also available on GSFC website www.gsfc.gujarat.gov.in under INVESTOR RELATIONS - FINANCIAL RESULTS - FY 2025-26. Thanking you, You faithfully, for Gujarat State Financia COl GUJARAT STATE FINANCIAL CORPORATION BLOCK NO. 10, 1ST FLOOR, UDYOG BHAVAN, SECTOR 11, GANDHINAGAR 382 010 UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2026 (II!: in lakh) Quarter ended Half year ended Year ended PARTICULARS 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 (Unaudited) [Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 1 Interest earned 7.87 0.00 5.07 7.87 14.32 14.32 2 Other Income 410.07 406.15 405.35 816.22 803.61 1625.76 3 Total Income (1+2) 417.94 406.15 410.42 824.09 817.93 1640.08 4 Interest Expended 2353.95 2328.36 3554.08 4682.31 7055.90 14119.81 5 Operating Expenditure (i) ... (ii) 63.54 42.95 67.38 106.49 125.66 253.28 (i) Employees cost 16.12 18.64 22.40 34.76 45.60 98.74 (iijOther operating expenses 47.42 24.31 44.98 71.73 80.06 154.54 6 Total Expenditure (4+5) 2417.49 2371.31 3621.46 4788.80 7181.56 14373.09 Operating Profit before provisions & contingencies 7 (1999.55) (196516) (3211.04) (396471) (636363) (12733.01) (3-6) 8 Provisions (other than tax) & Contingencies 0.00 0.00 0.00 0.00 0.00 0.00 9 Exceptional items (i)+(ii) (1920) (250) 15.04 (2170) 65.50 4.10 (I) Diminution in the value of investment written 0.00 0.00 0.00 0.00 0.00 15686) back hI) Pro'mien for NPA written bJck/(provid~dl (19.20) (2.50) 15.04 (21.70) 65.50 60.96 10 Profit(+)/loss(-) from Ordinary Activities before Tax (2018.75) (1967.66) (3196.00) (39B6.41) (6298.13) (12728.91) 17-8-9) 11 Tax expenses 0.00 0.00 0.00 0.00 0.00 12 Net Profit(+)/loss(-) from Ordinary Activities after (2018.75) (1967.66) (3196.00) (3986.41) (6298.13) (12728.91) Tax (10-11) 13 Extraordinary items (net of tax expenses) 0.00 0.00 0.00 0.00 0.00 14 Net Profit(+)/loss(-} for the period 112-13) (2018.75) (1967.66) 13196.00) (3986.41) (6298.13) (12728.91) 15 Paid-up EqUity Share Capital (Face value I{ 101- 8911.40 8911.40 8911.40 8911.40 8911.40 8911.40 each) 16 Reserves excluding Revaluation Reserves as at 31st --- --- --- --- -_. 1328194.54) March, 17 Analytical ratios ; Percentage of Shares held by Go\lt.of GuJarat 55.09 55.09 55.09 55.09 55.09 55.09 ii Basic and diluted Earnings Per Share (Not (2.27) (2.21) (3.59) (4.47) (7.07) (14.28) annualized) Rs. iii NPA Ratio a Gross NPA 39762.99 39743.80 39736.76 39762.99 39965.93 39741.30 b Net NPA 39762.99 39743.80 39736.76 39762.99 39965.93 39741.30 c % of Gross NPA to Gross advances 100% 100% • 100% 100% 100% 100% d % of Net NPA to Net advances 100% 100% 100% 100% 100% 100% e Return on assets 0.00 0.00 0.00 0.00 0.00 0.00 STATEMENT OF ASSETS AND LIABILITIES AS ON SEPTEMBER 30, 2026 As at As at Asat 30.09.2026 30.09.2025 31.03.2026 PARTICULARS Unaudited Unaudited Audited CAPITAL AND LIABILITIES Capital 9371.88 9371.88 9371.88 Reserve and Surplus -332180.95 -321763.75 -328194.54 Deposits 0 01 0.00 Borrowings 66168.42 66168.42 66168.42 Other liabilities & Provisions 280701.13 268933.85 276014.98 Total 2406D.481 22710.40 23360.74 ASSETS I Cash on hand 0.75 0.75 0.83 Balance with Banks / GSFS 47.38 92.25 42.71 Investment 23191.6 21780.08 22108.36 Loan & Advances 0001 0.00 0.00 Fixed Assets 170.55 187.75 178.67 Other Assets 650.2 649.57 1030.17 Total :-24060.481 22710.40 23360.741 P.T.D. GUJARAT STATE FINANCIAL CORPORATION CASH FLOW STATEMENT FOR THE HALF YEAR ENDEO 30TH SEPTEMBER, 2026 For the Year Half For the Year Ended 30th Ended 31st Particulars September, 2026 March, 2026 A) CASH FLOW FROM OPERATING ACTIVITIES Net Loss before tax as per Profit & Loss Ale (39,86 40,771) (1,27,2891 257) AdJustments : Depreciation 8,12,090 1820613 ProviSion for NPA wntten back (34 33,893) Dlminution/(Reverse Dlmmutlon) In Value of Investments 56,85.909 Profit on sale of Investments - Profit on Sale of Assets Olvidend Income (1650) (800958) Interest Income (8,1468344) (161549849) Interest on Fmance Cost Operating Loss before working capital (47,9298,675) (1,43 1169435) Adjusted for: i) Other Assets (7,03,26,984) (152245258) ii) Other Uabilites & ProviSions 46,86,15,420 1,41,21,07954 iii) Transfer/Wnteback from Reserves 1 NET CASH USED FROM OPERATING ACTIVITES (A) (8,10,10,238 (17,13,06739 8) CASH FLOW FROM INVESTING ACTIVITIES Purcahse of FIXed Assets (After changes In Capital W-I-P) - Sale of Fixed Assets Decrease In Investments - Dividend Income 1,650 8,00,958 Interest Income 8,14,68,344 15 7328,569 NET CASH USED FROM INVESTING ACTIVITES (8) 8,1469,994 158129,527 C) CASH FLOW FROM FINANCING ACTIVITES NET CASH FLOW FROM FINANCING ACTIVITIES (C) - Net Increase in Cash Be. Cash Equivalents (A+B+C) 459,756 (131 77212) Opening Balance of Cash & Cash Equivalents 43,54,127 1.75,31,339 Closing Balance of Cash & Cash EqUivalents 48,13,883 4354,127 Components Depecting Closing Cash and Cash Equivalents Sub Total (A) 75,388 83,016 (IN CURRENT ACCOUNTS ) 11,27,672 1354695 GSFS INTER CORPORAT DEPOSIT 36,10,823 2916416 Total 48,13,883 4354,127 NOTE: The above Cash Flow is prepared in accordance with Accounting Standard· 3 (indirect method). 1\lotes: L The above un-audiled financial resulIs IOgether \\ilh Limited Revie\\ Repon \\~re revie\\ed b) Ihe AudiI Commitlee and approved b) Ihe Board of Director~ aI Iheir respecIive meeIings held on October 26,2026, 2. Figures for the previous periods have been reclassified or regrouped conform to the presentaIion adopted in this sIatemenI. 3. Corporal ion is primarily engaged in Ihe business of Ierm lending. All activities of Ihe Corporation revolve around main business. Hence Ihere are no reponable segments as per AS-17 "Segment Reponing". 4. During the quarter under reference, due to increase in Loan Assets. Corporation provided ,19.20 lakh towards NPA provision as against ,15.04 lakh wrote back in the corresponding period of previous year. For th [Showing first 8,000 characters — download PDF for full document]