Apoorva Leasing Finance & Investment Co Ltd held its 43rd Annual General Meeting on September 30, 2026, approving key governance changes including the re-appointment of its Managing Director and new auditors.

The meeting, conducted in physical mode at Marvel Hall in Delhi, saw shareholders vote to re-appoint Atul Singh Tyagi as Managing Director. The resolution passed with overwhelming support, with votes in favour accounting for 99.9995% of the total valid votes cast across all categories.

Auditor appointments and financial adoption

Shareholders adopted the standalone and consolidated audited financial statements for the fiscal year ended March 31, 2026. Additionally, the board’s action to fill a casual vacancy was ratified by appointing M/s P M S R & Co. (Firm Registration Number: 036057C) as the new Statutory Auditors. This appointment follows the resignation of the previous firm, M/s Singhal & Gupta.

The company also appointed M/s D Dixit & Associates, led by Practicing Company Secretary Debasis Dixit, as the Secretarial Auditors. Both appointments were approved via ordinary resolutions with similar voting margins.

Voting results and shareholder participation

The voting process utilized both remote e-voting and physical ballot papers at the AGM venue. Remote e-voting was open from September 27 to September 29, 2026. A total of 1,87,40,449 votes were polled out of 1,99,74,900 outstanding shares, representing a turnout of approximately 93.82%.

Governance structure and director interests

The re-appointment of Mrs. Anupama Singh Tyagi as Director was also approved, as she retired by rotation and offered herself for re-election. Notably, the promoter group held a significant stake during the voting process. For resolutions where promoters were interested, such as the MD re-appointment, they cast 1,05,16,080 votes in favour, while public non-institutional shareholders cast 82,24,274 votes in favour.

The scrutiny report confirmed no instances of duplicate voting between remote e-voting and physical ballots. All relevant records remain with the scrutinizer until the minutes are finalized.

Apoorva Leasing Finance & Investment Co Ltd reported a net profit after tax of ₹30.56 lakh for the financial year ended March 31, 2026, up from a profit before tax of ₹32.85 lakh. The company’s Board of Directors approved the annual report and scheduled its 43rd Annual General Meeting (AGM) for September 30, 2026.

The board meeting, held on September 4, 2026, at the corporate office in Noida, concluded at 7:00 pm. Shareholders holding shares as of the cut-off date of September 23, 2026, will be eligible to vote. Remote e-voting will be available from 9:00 am on September 27, 2026, until 5:00 pm on September 29, 2026.

Financial Performance

For FY26, the company recorded a profit before tax of ₹32.85 lakh. After accounting for taxes, the net profit after tax stood at ₹30.56 lakh. The management indicated that the company is focusing on optimizing its investment portfolio and identifying suitable opportunities to enhance returns in the coming years.

Key Corporate Actions

The board proposed several key appointments and changes subject to shareholder approval at the AGM:

• Managing Director: Proposed reappointment of Atul Singh Tyagi (DIN: 01335008) for five years effective October 1, 2026. His proposed remuneration is up to ₹120 lakh, an increase from his past remuneration of ₹12.50 lakh in FY25-26.
• Directors: Reappointment of Mrs. Anupama Singh Tyagi (DIN: 01064611), who retires by rotation.
• Secretarial Auditor: Proposed appointment of M/s D Dixit & Associates (FCS no. 7218, CP no. 7871) for a term of five consecutive financial years from 2026-27 to 2030-31.
• Statutory Auditor: Recommended appointment of P M S R & Co. (FRN: 036057C) to fill the casual vacancy caused by the resignation of M/s Singhal & Gupta.

Auditor Resignations

The board took note of the following resignations:

• M/s Singhal & Gupta (FRN: 030703C) from the office of Statutory Auditors.
• M/s SPR & Co from the office of Secretarial Auditor.

The appointment of a scrutinizer for the e-voting process and poll at the AGM was also approved.