Gujarat State Financial Corporation — Important, 05-05-2026: Company Update

Gujarat State Financial Corporation's compliance report for FY26 highlights persistent regulatory challenges. The company did not meet SEBI requirements for Board composition (including a woman director), audit, nomination, and stakeholder committees, and board meeting quorum. These recurring issues led to cumulative fines of approximately ₹43.39 lakh from BSE during the year, which GSFC has not paid. The company maintains its governing Act takes precedence and is pushing for legislative changes, signaling ongoing regulatory uncertainty and potential future liabilities for investors.