Geetanjali Credit and Capital Ltd — Results, 22-05-2025: Result

Geetanjali Credit and Capital Limited has announced a board meeting on the approval of the financial results for the quarter and half-year. The company reported a net loss of Rs. 3.44 lakhs for the year, compared to a marginal profit previously. Total income was negligible, and expenses stood at Rs. 3.44 lakhs. The auditor issued a qualified opinion due to long-outstanding loans and advances of Rs. 256.27 lakhs without confirmation from borrowers and non-compliance with NPA provisioning norms. Additionally, there is an unresolved income tax demand of Rs. 529.75 lakhs with no documentary evidence of ongoing appeals. Management is actively working on recovering loans and contesting the tax demand.