The Board of GFL at its meeting held on 28 June 2021 approved the amendment to the Main Objects clause of the Company to enable it to commence Business of distribution of Investment products including but not limited to Mutual Funds, Bonds and Debentures, Fixed deposits by the Company subject to approval of Shareholders of the Company, Registrar of Companies and any other approval/(s) as may be required.

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The Board of GFL at its meeting held on 28 June 2021 has approved shifting of registered office of the company from the State of Gujarat to State of Maharashtra.

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Net loss of GFL reported to Rs 0.50 crore in the quarter ended March 2021 as against net profit of Rs 1.19 crore during the previous quarter ended March 2020. Sales declined 67.65% to Rs 0.11 crore in the quarter ended March 2021 as against Rs 0.34 crore during the previous quarter ended March 2020.

For the full year,net loss reported to Rs 31.22 crore in the year ended March 2021 as against net profit of Rs 18.67 crore during the previous year ended March 2020. Sales declined 86.79% to Rs 1.04 crore in the year ended March 2021 as against Rs 7.87 crore during the previous year ended March 2020.

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Net Loss of GFL reported to Rs 43.05 crore in the quarter ended March 2021 as against net loss of Rs 136.41 crore during the previous quarter ended March 2020. Sales declined 76.80% to Rs 85.66 crore in the quarter ended March 2021 as against Rs 369.26 crore during the previous quarter ended March 2020.

For the full year,net loss reported to Rs 231.72 crore in the year ended March 2021 as against net loss of Rs 123.38 crore during the previous year ended March 2020. Sales declined 94.71% to Rs 99.79 crore in the year ended March 2021 as against Rs 1887.26 crore during the previous year ended March 2020.

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