Please find attached the unaudited financial results for the quarter ended June 30, 2026 together with Limited Review Report duly approved, inter alia, by the Board of Directors at its ....

Gujarat State Financial Corporation (Established under State Financial Corporations Act, 1951) SECRETARIAL CELL ist Floor, Udyog Bhavan, Sector-ii, GH-4, Gandhinagar - 382 OiO Phone No.: 23256766 Fax: 23252204 Website: http://9sfc.gujarat.gov.in Email: sec-cell-gsfc@gujarat.gov.in GSFC/SEC.CELLlC-2 August 10,2026 The Listing Compliance Department BSE Ltd, Phiroz Jeejeebhoy Towers Dalal Street, Fort, Mumbai 400 001 Sub: Unaudited financial results for the quarter ended 30tb June, 2026 -1. Outcome of Board meeting. 2. Results Ref: Stock Code: 532160 Dear Sirs, Pursuant to Regulations 30 and 33 of SEBI (LODR) Regulations, 2015 and Board meeting intimation dated August 04, 2026, it is to be informed that the Board of Directors of the Corporation at its meeting held today, i,e., Monday, the August 10, 2026, inter alia, considered and approved the un-audited financial results of the Corporation for the quarter ended June 30, 2026 together with Limited Review Report on the said results issued by Statutory Auditors. The Board meeting commenced at 04.30 PM and concluded at 05.20 PM. We now forward herewith the following: - I. Unaudited financial results for the quarter ended June 30, 2026 subjected to Limited Review by the statutory auditors, duly reviewed by Audit Committee and approved by Board of Directors at their respective mee~ings held today i.e" August 10, 2026. 2. Limited Review Report dated August 10, 2026 on the said un-audited financial results issued by Statutory Auditors, MIs. J .H. 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 the above on record, The results are also available on our website http://gsfc.gujarat.gov.in lInder INVESTOR RELATIONS - FINANCIAL RESULTS - FY 2026-27. Thanking you, cial Corporation BSE corresp. 2026-27 GUJARAT STATE FINANCIAL CORPORATION GANDHINAGAR UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2026 (-: in Lakh) Quarter ended Year ended PARTICULARS 30.06.2026 31.03.2026 30.06.2025 31.03.2026 (Unaudited) (Audited) (Unaudited) (Audited) 1 Interest earned 0.00 0.00 9.25 14.32 2 Other Income 406.15 407.93 398.26 1625.76 3 Total Income ( 1+2 ) 406.15 407.93 407.51 1640.08 4 Interest Expended 2328.36 3498.94 3501.82 14119.81 5 Operating Expenditure (i)+(ii) 42.95 77.34 58.28 253.28 (i) Employees cost 18.64 32.98 23.20 98.74 (ii) Other operating expenses 24.31 44.36 35.08 154.54 6 Total Expenditure (4+5) 2371.31 3576.28 3560.10 14373.09 Operating Profit before provisions & 7 (1965.16) (3168.35) (3152.59) (12733.01) contingencies (3·6) 8 Provisions (other than tax) & Contingencies 0.00 0.00 0.00 0.00 9 Exceptional items (i)+(ii) (2.50) (69.82) 50.46 4.10 (I) Diminution in the value of investment 0.00 (56.86) 0.00 (56.86) written back (II) Provision for NPA written back/(provlded) (2.50) (12.96) 50.46 60.96 Profit(+)/Loss(·) from Ordinary Activities 10 (1967.66) (3238.17) (3102.13) (12728.91) before Tax (7·8-9) 11 Tax expenses 0.0,0 0.00 0.00 0.00 Net Profit(+)/Loss(-) from Ordinary Activities 12 (1967.66) (3238.17) (3102.13) (12728.91) after Tax (10-11) 13 Extra-ordinary items (net of tax expenses) 0.00 0.00 0.00 0.00 14 Net Profit(+)/Loss(-) for the period (12-13) (1967.66) (3238.17) (3102.13) (12728.91) Paid-up Equity Share Capital (Face value Rs. 15 8911.40 8911.40 8911.40 8911.40 10/-each) Reserves excluding Revaluation. Reserves as 16 --- --- --- (328194.54) at 31st March, 17 Analytical ratios Percentage of Shares held by Govt.of i 55.09 55.09 5S.09 S5.09 Gujarat Basic and diluted Earnings Per Share (Not ii (2.21) (3.63) (3.48) (14.28) annualized) Rs. iii NPA Ratio a Gross NPA 39743.80 39741.30 39751.80 39741.30 b Net NPA 39743.80 39741.30 . 39751.80 39741.30 c % of Gross NPA to Gross advances 100% 100% 100% 100% d % of Net NPA to Net advances 100% 100% 100% 100% e Return on assets 0.00 0.00 0.00 0.00 9 P.T.O ~* AHM D~* ;; Notes: 1. The above un-audited financial results were reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on August 10, 2026. 2. Figures for the previous periods have been reclassified to conform to the presentation adopted in this statement. The figures for the three months ended 315t March, 2026 are the balancing figures between the audited figures in respect of the full financial year and the published year-to~date figures up to the third quarter ofthe said financial year. 3. Corporation is primarily engaged in the business of term lending. All activities of the Corporation revolve around the said main business. Hence there are no reportable segments as per AS-17 "Segment Reporting" . 4. As depicted in the exceptional item, during the quarter under reference, due to increase in Loan Assets, Corporation provided n.50 lakh towards NP A whereas an amount of ~12.96 lakh was provided towards NP A in the immediately preceding quarter ended March 31, 2026. NPA provision wrote back in the corresponding quarter of previous year was ~50.46 lakh. 5. Pursuant to Board decision dated October 03, 2012, Corporation has requested Govt. of Gujarat in I.ndustries & Mines Department to waive interest on soft loan of ~621.37 crore granted to the Corporation to tide over its financial stringency vide letter dated October 17, 2012. Datal information called for by the concerned department has been provided from time to time but the decision is still awaited. Keeping in view the state of affairs and mounting loss of the Corporation, Board of Directors at its meeting held on May 30, 2026 decided to discontinue with the practice of providing interest @ 2% on default amount of said loan with effect from April 01, 2026 under intimation to Government. Accordingly, Government was informed of the decision vide letter dated June 22, 2026 and default interest of n,220.79 lakh accrued for the period from April 01, 2026 to June 30, 2026 has not been provided towards "Interest Expended". in the aforesaid results. Had the default interest is taken into consideration, the effect on results for the quarter under reference could have been as under: Sr. Particulars Without default With default 3 loss before rovisions 6. Statutory Auditors in the Limited Review Report on the said results made qualified opinion which along with Management's views is given below:- Sr. Audit qualification Management's view Going Concern Basis: The Gujarat State Financial Corporation is established financial results of the under State Financial Corporations Act, 1951 by Corporation are prepared on Parliament as a special Act pursuant to Entry No. 43 of a going concern basis, the Union List. Corporation is, thus, a body corporate notwithstanding the fact that and statutory Corporation. The main objective of its net worth is completely establishment of the Corporation is aimed at achieving eroded and defaulted in balanced regional growth by extending financial repayment obligations due assistance to first generation entrepreneurs to establish to liquidity problems. This is micro and small scale units in the State and to generate not in accordance with employment. Corporation has so far suffered immense Accounting Standard (AS)-I loss but it is continuing its recovery function. "Disclosure of Accounting Corporation, being a statutory body, thus, prepares Polices". The effect of the accounts on "going concern" assumptions and it is same on the financial results appropriate under the aforesaid circumstances. is not ascertainable. Dues payable to Government loans are granted as a result of provision Government of Gujarat: in the Budgets of Government of Gujarat and 2 Dues payable to subsequent issuance of Government Resolutions. The Government of Gujarat is Government has been moved to make the loan subject to confirmation and advanced to the Corporation interest free from 1-7- adjustment, if any. Pending 2012 vide Jetter dated ITI' October, 2012. [Showing first 8,000 characters — download PDF for full document]