Gujarat State Financial Corporation — Board Meeting, 13-08-2025: Board Meeting

Gujarat State Financial Corporation's board has approved its unaudited financial results for the quarter ended June 30, 2025. The company reported a net loss of ₹31.02 Cr. Both Gross and Net Non-Performing Assets (NPAs) remain at 100% of advances, signaling severe asset quality issues. Auditors issued a qualified opinion, noting the results are prepared on a 'going concern' basis despite eroded net worth and repayment defaults due to liquidity problems. This highlights significant financial challenges for the company. Additionally, dues to the Gujarat government are pending confirmation, which affects interest calculations.