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.

Franklin Leasing and Finance Limited reported a decline in financial performance for the financial year ended March 31, 2026, with net profit falling to ₹17.34 lakh from ₹20.79 lakh in the previous year. The company's total revenue from operations decreased to ₹960.01 lakh in FY26, compared to ₹1,358.88 lakh in FY25, primarily driven by a reduction in income from the sale of shares. The Board of Directors approved the audited financial results during a meeting held on May 21, 2026.

Financial Performance

The company's interest income for the year stood at ₹151.78 lakh, an increase from ₹109.13 lakh in the prior year. However, income from the sale of shares dropped significantly to ₹807.49 lakh from ₹1,249.60 lakh in FY25. Total expenses for FY26 were reported at ₹936.58 lakh, lower than the ₹1,330.79 lakh recorded in the previous financial year. Profit before tax for the period was ₹23.43 lakh, down from ₹28.09 lakh in FY25.

Operational Metrics

Earnings per share (EPS) for the year decreased to ₹0.110 from ₹0.132 in the corresponding previous year. The company's paid-up equity share capital remained constant at 1,57,82,400 shares with a face value of ₹10.00. The statutory auditors, SSRV & Associates, provided an unmodified opinion on the standalone annual financial results, confirming compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Balance Sheet and Cash Flows

The total assets of the company as of March 31, 2026, stood at ₹3,822.27 lakh, a slight decrease from ₹3,898.26 lakh in the previous year. Financial assets constituted the majority of the total assets, amounting to ₹3,308.55 lakh. The company reported a net cash flow from operating activities of (₹390.54) lakh, while investing activities generated a positive cash flow of ₹460.25 lakh. Consequently, the closing cash and cash equivalents for the year increased to ₹108.72 lakh from ₹39.01 lakh at the end of FY25.