Golden Legand Leasing & Finance reported a pre-tax loss of ₹144.36 lakh for the quarter ended September 30, 2026, compared to a profit of ₹1,188.71 lakh in the corresponding period last year. Revenue from operations plummeted 90.8% YoY to ₹704.62 lakh from ₹7,670.35 lakh.

Despite the operational loss, the company posted a net profit of ₹17.08 lakh, driven by a significant tax credit of ₹186.32 lakh related to prior period provisions. The Board approved these unaudited standalone and consolidated results on October 21, 2026.

Auditor Issues Qualified Conclusion

The statutory auditors, H. Rajen & Co., issued a qualified conclusion on the financial statements due to three material concerns:

1. Legal Liens: A bank account lien of ₹7,681.09 lakh remains in place following suspicious transactions by a sub-merchant. The matter is sub judice before the Supreme Court and other courts.
2. Unconfirmed Balances: Confirmations for the majority of trade receivables, payables, loans, and borrowings are yet to be obtained, preventing auditors from commenting on potential impacts.
3. Statutory Dues: Outstanding TDS and GST payments amounting to ₹129 lakh remain unpaid as of September 30, 2026.

Financial Performance Snapshot

The sharp decline in revenue coincided with a reduction in finance costs but was insufficient to offset operating expenses.

What the Numbers Show

A divergence exists between the operational performance and the bottom line. While the pre-tax loss widened significantly due to collapsing revenue, the net profit remained positive solely due to a non-operational tax credit of ₹186.32 lakh. Without this prior-period adjustment, the company would have reported a net loss. Furthermore, cash and cash equivalents dropped sharply from ₹2,581.27 lakh in March 2026 to ₹327.08 lakh in September 2026, reflecting substantial outflows in working capital changes.

Golden Legand Leasing & Finance Limited has formally announced the voting results of its 42nd Annual General Meeting held on September 28, 2026. All eight resolutions proposed by the Board were passed with the requisite majority, confirming key governance and operational mandates.

The company convened the meeting in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Ms. Divya Singh Kushwaha, Chairperson and Managing Director, chaired the session. All directors were present except Mr. Ajeet Singh Rathore. Statutory and secretarial auditors also attended the proceedings.

Key resolutions approved

Members considered and approved a total of 8 resolutions, comprising 3 ordinary and 5 special resolutions. These covered financial statement adoption, director appointments, and operational limits.

Voting participation details

The scrutinizer’s report, submitted by CS Hemant Maheshwari of M/s H. Maheshwari & Associates on September 29, 2026, detailed the e-voting outcomes. The cut-off date for determining shareholders entitled to vote was September 21, 2026.

Notably, no votes were cast by the Promoter and Promoter Group or Public Institutions across any resolution. Voting activity was entirely driven by Public Non-Institutional shareholders. For Resolution 1 (Adoption of Financial Statements), 1,284,427 votes were polled in favor, representing 100% of valid votes cast. For Resolutions 2 through 8, approximately 99.26% of the polled votes were in favor, with roughly 0.74% against.

The total number of shares held by participating Public Non-Institutional shareholders was 14,870,000, though only 1,284,427 valid votes were polled on these shares, indicating a low turnout relative to the holding size.

Governance and compliance updates

Ms. Prisha Behal, Company Secretary and Compliance Officer, confirmed the requisite quorum was present throughout the meeting. She noted that the 42nd Annual Report for FY26, including Board and Auditor reports, was made available for electronic inspection. The report was emailed to registered shareholders and uploaded on the company website and BSE portal.

M/s. H. Maheshwari & Associates served as the scrutinizer for the remote e-voting process. Voting results and the scrutinizer's report are now hosted on the company website at gllfl.com. The meeting concluded with a vote of thanks to the Chairperson.