Brijlaxmi Leasing & Finance held its 35th Annual General Meeting on September 23, 2026, via Video Conferencing. The meeting saw the adoption of audited financial statements for the year ended March 31, 2026.

A total of 43 members, including corporate representatives, attended the virtual session. The Board was represented by Chairman and Managing Director Siddharth Chaturvedi, along with Directors Jaykishor Chaturvedi, Ankur Chaturvedi, Nupur Chaturvedi, and Independent Directors Pawankumar Sikka and Ravi Kiran Malik. Leave of absence was granted to Director Mukesh Narula.

Resolutions Passed

The members transacted both ordinary and special business items as outlined in the notice convening the meeting. All resolutions were passed with the requisite majority.

Meeting Proceedings

The meeting commenced at 12:30 pm and concluded at 12:47 pm with a vote of thanks. Devesh Pathak and Associates served as the scrutinizer for the electronic voting process, while Roy Jacob & Co. acted as secretarial auditor and Maheshwari & Co. served as statutory auditors.

The statutory registers were made available for inspection by members in accordance with the Companies Act, 2013. Voting results pursuant to Regulation 44(3) of Listing Regulations and the Scrutinizer's report under Section 108 of the Companies Act, 2013 will be submitted in due course.

Brijlaxmi Leasing & Finance has scheduled its 35th Annual General Meeting (AGM) for September 23, 2026, at 12:30 pm via Video Conferencing. The meeting seeks shareholder approval for a material related-party transaction involving a loan of up to ₹25 crore to Asian Petro Products and Exporters Limited.

The company fixed September 16, 2026, as the cut-off date for electronic voting. Its Register of Members and Share Transfer Books will remain closed from September 17 to September 23, 2026, to determine eligibility for the meeting.

Related Party Transaction Details

The AGM agenda includes an ordinary resolution to approve a loan facility for Asian Petro Products and Exporters Limited. The proposed transaction is valued at ₹25 crore, representing 943.04% of Brijlaxmi Leasing’s standalone turnover for FY26.

The loan carries an interest rate of 9% and a tenure of 12 months, maturing on March 31, 2027. It is unsecured and intended for general business purposes, including working capital and repayment of existing loans. Key managerial personnel Siddharth Jaykishor Chaturvedi, Ankur Jaykishor Chaturvedi, Jaykishor Chaitanyakishor Chaturvedi, and Nupur Ankur Chaturvedi hold interests in the related party.

Financial Performance Context

The AGM will also consider the adoption of audited financial statements for FY26. Revenue from operations rose to ₹265.10 lakh in FY26, up from ₹130.73 lakh in FY25. Profit after tax declined to ₹66.17 lakh from ₹158.29 lakh in the previous year, driven by a sharp drop in other income which fell to ₹18.47 lakh from ₹503.67 lakh.

What the Numbers Show

The significant decline in profit despite higher operating revenue highlights the impact of non-recurring items. In FY25, other income included a ₹501.00 lakh gain from the one-time settlement (OTS) of a purchased loan portfolio. This exceptional item substantially inflated the prior year's bottom line, making the year-on-year comparison less reflective of core operational performance.

Meeting Logistics

The AGM will be conducted via Video Conferencing (VC) or Other Audio Visual Means (OAVM). Remote e-voting will be available from September 20 to September 22, 2026. The deemed venue for the meeting is the company’s registered office in Vadodara. The Annual Report along with the Notice convening the AGM is available on the company’s website and the BSE website.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE957E01031/3461e685-1a79-4ae9-9e79-037c94589cc6.pdf