Franklin Leasing & Finance Limited held its 34th Annual General Meeting on September 25, 2026, adopting the audited financial statements for the fiscal year ended March 31, 2026. The meeting was conducted through video conferencing and other audio-visual means, with shareholders voting on key corporate matters including director appointments and auditor re-appointment.

The meeting commenced at 1:00 pm and concluded at 1:26 pm. Mrs. Sujata Das, Chairperson of the company, chaired the session, assisted by Company Secretary Swati Vijay. The requisite quorum was present, allowing the transaction of business as per the notice convening the AGM.

Voting Mechanism and Scrutiny

The company facilitated remote e-voting for members from September 22, 2026, to September 24, 2026. Voting during the meeting was conducted via the NSDL e-voting portal and the Insta Poll electronic voting system for participants who had not voted remotely. Mr. Akhil Agarwal, a practicing company secretary, served as the scrutiniser for the voting process.

Resolutions Passed

The following ordinary business items were transacted:

1. Consideration and adoption of the audited financial statements for FY26, along with the reports of the Board of Directors and auditors.
2. Appointment of Jagannath Jha, a director retiring by rotation.
3. Re-appointment of the statutory auditors and fixation of their remuneration.

Voting Results Declaration

On September 26, 2026, the company disclosed the voting results under Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Out of 131 shareholders on record, six attended the meeting through video conferencing: two from the promoter group and four from the public category. No shareholders were present in person or through proxy.

For Resolution No. 1, regarding the adoption of annual financial statements, the voting pattern showed a clear mandate from public non-institutional shareholders. Promoter group and public institutional shareholders did not cast any votes. Public non-institutional shareholders voted on 4,670,750 shares, representing 41.13% of their holding.

Post-Meeting Procedures

Members registered as speakers were given the opportunity to ask questions or seek clarifications on the agenda items. The company secretary thanked the members for their participation and informed them that voting results would be available on the company's website and the Bombay Stock Exchange within two working days from the conclusion of the meeting.

Franklin Leasing & Finance has scheduled its 34th Annual General Meeting (AGM) for September 25, 2026, to adopt financial results showing a significant contraction in top-line growth. The NBFC reported total income of ₹960.01 lakh for FY26, down from ₹1,357.73 lakh in the previous year.

The Board of Directors concluded its meeting on August 26, 2026, finalizing the e-voting timeline and approving the Draft Board’s Report for the financial year ended March 31, 2026.

Financial Performance

The company’s net profit after tax declined to ₹17.34 lakh in FY26, compared to ₹20.78 lakh in FY25. This decline occurred despite a sharp reduction in finance costs, which fell to ₹6.47 lakh from ₹68.93 lakh in the prior year.

Revenue from operations was driven by interest income of ₹150.67 lakh and sale of products/services at ₹807.49 lakh. The latter saw a substantial drop from ₹1,249.60 lakh in FY25. Other income stood at ₹11.11 lakh, primarily comprising interest on tax refunds and reversed loan processing fees.

Key Agenda Items

The AGM notice outlines three primary ordinary business items for shareholder approval:

• Adoption of the Annual Financial Statements for FY26, along with the Reports of Auditors and Directors.
• Reappointment of Mr. Jagannath Jha (DIN: 08943829) as a director. He retires by rotation and is eligible for re-appointment. Mr. Jha serves as Executive Director and was first appointed on November 11, 2020.
• Reappointment of M/s. SSRV & Associates, Chartered Accountants (Firm Registration No.: 135901W), as Statutory Auditors.

Auditor Tenure

The board approved the reappointment of SSRV & Associates for a three-year term. Their tenure begins from the conclusion of the 34th AGM and extends until the conclusion of the 37th AGM in 2029. Remuneration will be mutually agreed upon between the auditors and the Board of Directors.

What the Numbers Show

While interest income grew 40% year-on-year to ₹150.67 lakh, reflecting expansion in lending activities, this gain was more than offset by a 35% decline in revenue from the sale of products and services. The company’s ability to reduce finance costs by over 90% helped cushion the bottom line, limiting the net profit decline to 17% despite the nearly 30% fall in total income.

AGM and E-Voting Details

The 34th AGM will be held on Friday, September 25, 2026, at 1:00 pm via Video Conferencing (VC) or Other Audio-Visual Means (OAVM). Shareholders holding shares as of the cut-off date of September 18, 2026, are eligible to vote remotely.

The e-voting period commences at 9:00 am on Tuesday, September 22, 2026, and closes at 5:00 pm on Thursday, September 24, 2026. National Securities Depository Limited (NSDL) has been appointed as the authorized agency to facilitate remote e-voting.

Mr. Akhil Agarwal (A35073), Practising Company Secretary, was appointed to scrutinize the e-voting process to ensure fairness and transparency.

Share Transfer Closure

The Register of Members and share transfer books will remain closed from September 19, 2026, to September 25, 2026.