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

Brijlaxmi Leasing & Finance reported a net profit of ₹15.39 lakh for the quarter ended June 30, 2026 (Q1FY27), a decline of 17.7% compared to ₹18.71 lakh in the corresponding period of FY26. The company’s total revenue from operations fell 10.5% year-on-year to ₹82.40 lakh, down from ₹56.49 lakh in Q1FY26. While interest income rose 45.1% to ₹81.77 lakh from ₹56.34 lakh, this growth was more than offset by a significant contraction in other revenue streams.

The Board of Directors approved the unaudited standalone financial results on August 12, 2026. The figures were reviewed by Maheshwari & Co., Chartered Accountants, Mumbai, who issued a limited review report pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

Interest income, the primary revenue driver, increased to ₹81.77 lakh from ₹56.34 lakh in the previous year’s quarter. However, fees and commission income dropped sharply to ₹0.60 lakh from ₹3.00 lakh in Q4FY26 and ₹0.15 lakh in Q1FY26. Other revenue from operations also contracted significantly to ₹0.03 lakh, compared to ₹4.57 lakh in the preceding quarter and nil in the same quarter last year.

Total expenses for the quarter stood at ₹61.52 lakh, down from ₹79.49 lakh in Q4FY26 but up from ₹32.50 lakh in Q1FY26. This increase was primarily driven by a surge in professional and legal fees, which rose to ₹17.70 lakh from ₹0.70 lakh in the prior year’s quarter. Employee benefit expenses also increased to ₹17.67 lakh from ₹9.93 lakh. Finance costs remained stable at ₹19.78 lakh.

Note: Revenue growth is driven by interest income; expense growth is driven by professional/legal fees.

What the Numbers Show

The divergence between revenue growth and profit decline highlights a cost structure pressure. While top-line revenue grew 45.9% year-on-year, total expenses surged 89.3% over the same period. Professional and legal fees alone accounted for nearly 29% of total expenses in Q1FY27, up from just 2.2% in Q1FY26. This disproportionate rise in operating costs eroded the benefit of higher interest income, leading to a lower net profit despite significantly higher revenue.

Auditor Emphasis of Matter

The independent auditor’s report included an emphasis of matter regarding two key issues:

• TDS Non-Compliance: The company has not complied with provisions relating to the deduction, deposit, and reporting of Tax Deducted at Source (TDS) as required under the Income-tax Act, 2025. The TDS balances and related statutory liabilities are subject to reconciliation, and consequential adjustments have not been fully determined or accounted for in the financial results.
• Unrecognized Interest Income: Interest income on loans advanced to certain parties has not been recognized because these borrowers are facing financial difficulties and are unable to pay interest. However, the company considers these loans to be fully recoverable.

The management stated it does not expect any material adjustment affecting the financial statements upon reconciliation of these items. The basic and diluted earnings per share (EPS) for the quarter were ₹0.24, down from ₹0.29 in Q1FY26.