GDL Leasing & Finance will hold a board meeting on September 4, 2026, to consider a proposal for raising funds through a preferential issue. The company intends to issue equity shares, convertible warrants, or other instruments.

The meeting is scheduled for 3:00 pm at the company’s head office in New Delhi. The agenda includes seeking shareholder and regulatory approvals for the fundraising exercise.

Board Agenda Details

The Board of Directors will convene at 206, Vardhman Diamond Plaza, Paharganj, New Delhi. The primary item for consideration is the fund-raising proposal.

The move comes under Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Managing Director Prem Kumar Jain issued the intimation on September 1, 2026.

GDL Leasing & Finance Ltd reported a net profit of ₹13.60 lakh for the quarter ended June 30, 2026, a sharp decline from the ₹32.43 lakh earned in the same period last year. Despite the drop in profitability, revenue from operations grew 19% year-on-year to ₹58.47 lakh, supported by a significant rise in other income. The divergence between top-line growth and bottom-line contraction highlights margin pressure during the period.

The Board of Directors approved the unaudited financial results at its meeting held on August 7, 2026. The results were published in Financial Express and Jansatta on August 9, 2026, pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Managing Director Prem Kumar Jain signed off on the disclosure.

Financial Performance

Revenue from operations stood at ₹58.47 lakh for Q1FY27, compared to ₹48.94 lakh in Q1FY25. Total income, including other income, reached ₹87.91 lakh, up from ₹69.41 lakh in the prior year quarter. Other income contributed ₹29.44 lakh, an increase from ₹20.47 lakh previously.

Expenses surged to ₹69.65 lakh from ₹32.29 lakh in the same quarter last year, more than doubling and offsetting the revenue gains. Consequently, profit before tax fell 51% to ₹18.26 lakh. Tax expense was recorded at ₹4.66 lakh, resulting in the final net profit figure.

What the Numbers Show

The primary driver of the profit decline is the disproportionate rise in expenses relative to income growth. While total income grew by approximately 27%, expenses jumped by over 100%. This suggests that operational costs or specific non-recurring expenditures significantly impacted margins in Q1FY27, eroding the benefit from higher other income.

Annual Context

For the full year ended March 31, 2026, GDL Leasing & Finance reported a net profit of ₹78.36 lakh on total income of ₹358.00 lakh. Equity share capital remained unchanged at ₹501.01 lakh. Earnings per share (basic and diluted) for the quarter were ₹0.27, compared to ₹0.65 in Q1FY25.