Golden Legand Leasing and Finance Limited is actively progressing with the development of its technology-driven digital platform, Bade BhaiSab. The AI-enabled platform is designed to assist individuals in managing debt-related financial challenges through technology-driven solutions. This initiative complements the company's existing digital lending ecosystem, which recently saw the incorporation of a wholly owned subsidiary, Gullakkart Private Limited, to support digital payment solutions.

Bade BhaiSab will analyse a user's financial profile using consent-based financial information. The platform intends to provide technology-enabled tools, personalised debt resolution plans, and financial counselling to assist borrowers in managing their financial obligations through a structured approach. The development is progressing as planned, and the company proposes to launch the platform upon completion of the development process and operational readiness.

Strategic Digital Ecosystem

The platform is intended to complement the company's digital lending ecosystem by promoting responsible borrowing, enhancing customer engagement, and strengthening the technology-driven financial services portfolio. This follows the July 07, 2026, incorporation of Gullakkart Private Limited, which proposes to undertake activities related to digital payment solutions and intends to apply for a Prepaid Payment Instrument (PPI) Licence from the Reserve Bank of India (RBI).

Key Initiatives Overview

The company disclosed this development to the Corporate Relationship Department of BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company stated it will keep the stock exchange informed of any material developments regarding the launch and operational commencement of the platform.

Golden Legand Leasing & Finance reported a net profit of ₹1,029.75 lakh for the financial year ended March 31, 2026, reversing the net loss of ₹219.95 lakh recorded in the previous year. Revenue from operations surged to ₹18,358.82 lakh from ₹934.38 lakh in FY25. Despite the turnaround, the statutory auditor issued a qualified opinion on the annual financial results, highlighting significant material uncertainties regarding contingent liabilities and unverified expenses.

Sunil Vankawala & Associates, the statutory auditor, qualified its opinion primarily due to a bank account lien of ₹7,528.18 lakh. This lien relates to suspicious transactions by a merchant initially aggregating ₹10,500.00 lakh, which were subsequently reduced to ₹7,528.18 lakh following voluntary settlements. The matter is sub judice, and the company has not recognized any provision for the potential outflow, contingent upon judicial proceedings.

Audit Qualifications and Financial Impact

The auditor also flagged agent commission expenses amounting to ₹10,432.21 lakh, noting the absence of adequate supporting documentation, such as merchant-wise mapping and detailed workings. Additionally, the auditor could not verify the accuracy of income recognized based on internal software reports due to pending reconciliations with bank transactions. Balances related to trade receivables, payables, and loans were also subject to confirmation and reconciliation, preventing the auditor from commenting on their impact.

Financial Performance

The company’s total income for FY26 stood at ₹18,358.82 lakh, driven by operational activities. Total expenses for the year rose to ₹16,576.05 lakh. The board approved the write-off of loans aggregating ₹1,303.21 lakh during the year, included under other expenses. Earnings per share (EPS) for the year improved to ₹6.93 from a loss of ₹1.42 per share in the prior year.

Standalone Financial Results for FY26

The statement of assets and liabilities as of March 31, 2026, showed total assets at ₹12,497.15 lakh, a significant increase from ₹4,036.41 lakh in the previous year. The company’s net worth stood at ₹4,327.53 lakh. The audited results were reviewed by the Audit Committee and approved by the Board on May 28, 2026.