GSL Securities
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Shrikant Mitesh Bhangdiya, Aarti Shrikant Bhangdiya and Sonal Kirtikumar Bhangdiya offered to acquire up to 11,11,526 shares of GSL Securities Ltd. representing 26% of voting capital at Rs 42 per share in cash for Rs 4.67 crore. The open offer followed a share purchase agreement on 16 September 2026 to buy 19,07,600 shares representing 44.62% from six promoter sellers including Sant Kumar Bagrodia and Shailja Bagrodia at the same price for Rs 8.01 crore. The selling promoters agreed to cede control and seek declassification, with the acquirers to become the new promoter group on completion. The detailed public statement was due by 23 September 2026, with no minimum acceptance condition.
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Shrikant Mitesh Bhangdiya, Aarti Shrikant Bhangdiya and Sonal Kirtikumar Bhangdiya offered to acquire up to 11,11,526 shares of GSL Securities Ltd. representing 26% of voting capital at Rs 42 per share in cash for Rs 4.67 crore. The open offer followed a share purchase agreement on 16 September 2026 to buy 19,07,600 shares representing 44.62% from six promoter sellers including Sant Kumar Bagrodia and Shailja Bagrodia at the same price for Rs 8.01 crore. The selling promoters agreed to cede control and seek declassification, with the acquirers to become the new promoter group on completion. The detailed public statement was due by 23 September 2026, with no minimum acceptance condition.
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GSL Securities Ltd. decided to appoint Shrikant Mitesh Bhangdiya, Aarti Shrikant Bhangdiya, Sonal Kirtikumar Bhangdiya and Chelikani Veera Venkata Suresh Babu as additional directors, while accepting the resignations of Managing Director Santkumar Bagrodia and director Shailja Bagrodia. All six changes are subject to approval from the Reserve Bank of India. The reshuffle came nine days after shareholders confirmed Bagrodia's reappointment for a further one-year term from 1 October 2026.
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GSL Securities Ltd. decided to appoint Shrikant Mitesh Bhangdiya, Aarti Shrikant Bhangdiya, Sonal Kirtikumar Bhangdiya and Chelikani Veera Venkata Suresh Babu as additional directors, while accepting the resignations of Managing Director Santkumar Bagrodia and director Shailja Bagrodia. All six changes are subject to approval from the Reserve Bank of India. The reshuffle came nine days after shareholders confirmed Bagrodia's reappointment for a further one-year term from 1 October 2026.
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Sept 7 (Reuters) - GSL Securities Ltd GSLS.BO:
RE-APPOINTS SANTKUMAR BAGRODIA AS MANAGING DIRECTOR FOR ONE YEAR
Further company coverage: GSLS.BO
(([email protected];))
Sept 7 (Reuters) - GSL Securities Ltd GSLS.BO:
RE-APPOINTS SANTKUMAR BAGRODIA AS MANAGING DIRECTOR FOR ONE YEAR
Further company coverage: GSLS.BO
(([email protected];))
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What does GSL Securities do?
GSL Securities Limited is a company focused on providing various financial services like Leasing, Hire Purchase, Stock Broking, and Investments.
Who are the competitors of GSL Securities?
GSL Securities major competitors are Kinetic Trust, Kuber Udyog, Krishna Capital&Sec., Bombay Talkies, HB Leasing & Finance, Citi Port Finl. Serv, Dynamic PFM & Serv.. Market Cap of GSL Securities is ₹16 Crs. While the median market cap of its peers are ₹16 Crs.
Is GSL Securities financially stable compared to its competitors?
GSL Securities seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does GSL Securities pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. GSL Securities latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How strong is GSL Securities balance sheet?
The companies balance sheet of GSL Securities is weak, but was strong historically.
Is the profitablity of GSL Securities improving?
No, profit is decreasing. The profit of GSL Securities is -₹0.31 Crs for Mar 2026, -₹0.16 Crs for Mar 2025 and ₹0.47 Crs for Mar 2024
Is GSL Securities stock expensive?
GSL Securities is expensive when considering the Price to Book, however latest PE is < 3 yr avg PE. Latest PE of GSL Securities is 0 while 3 year average PE is 30.18. Also latest Price to Book of GSL Securities is 1.64 while 3yr average is 0.88.
Has the share price of GSL Securities grown faster than its competition?
GSL Securities has given better returns compared to its competitors. GSL Securities has grown at ~51.45% over the last 10yrs while peers have grown at a median rate of 19.49%
Is the promoter bullish about GSL Securities?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in GSL Securities is 44.64% and last quarter promoter holding is 44.64%.
Are mutual funds buying/selling GSL Securities?
There is Insufficient data to gauge this.