Gujarat Lease Financing Limited approved the financial statements for the financial year ended March 31, 2026, and re-appointed key directors at its 43rd Annual General Meeting (AGM) held on July 02, 2026. The meeting, conducted via video conferencing, saw all resolutions passed with a majority of over 99%, ensuring continuity in leadership and compliance with regulatory requirements.

The shareholders adopted the financial statements, which included the reports of the Board and the Auditor. In special business, the company secured approval for the re-appointment of two Independent Directors, Animesh Mehta (DIN: 09122533) and Narayan Meghani (DIN: 09551334), for a second and final term of five consecutive years commencing from March 31, 2027, to March 30, 2032. Additionally, Leena Katdare (DIN: 08914188), who retires by rotation, was re-appointed.

Voting Results

The resolutions were passed through remote e-voting and e-voting during the AGM. Rajesh Parekh, Practicing Company Secretary, served as the Scrutinizer. The detailed voting results indicate strong shareholder support for all proposed resolutions.

The remote e-voting facility was provided by Central Depository Services (India) Limited (CDSL) from June 28, 2026, to July 01, 2026. The meeting commenced at 10:30 am and concluded at 10:55 am with the requisite quorum present.

Gujarat Lease Financing Limited has scheduled its 43rd Annual General Meeting for July 02, 2026, at 10:30 a.m. IST via video conferencing. The company released its Annual Report for FY 2025-26, disclosing a profit after tax of ₹4.71 lakh for the year ended March 31, 2026, compared to ₹5.86 lakh in the previous year. The meeting will cover the adoption of financial statements and the re-appointment of directors, including Animesh Mehta and Narayan Meghani as Independent Directors.

Financial Performance

The company reported a total income of ₹42.53 lakh for FY 2025-26, slightly up from ₹42.32 lakh in the prior year. Interest income constituted the primary revenue stream, rising to ₹42.45 lakh from ₹42.24 lakh. Total expenses for the year stood at ₹37.67 lakh, an increase from ₹36.33 lakh in FY 2024-25. The company continues to operate with a negative net worth of ₹403.46 lakh as of March 31, 2026, and has prepared its financial statements on a non-going concern basis due to accumulated losses exceeding its paid-up capital and reserves.

Meeting Agenda

The AGM agenda includes the adoption of audited financial statements for the year ended March 31, 2026. Shareholders will vote on the re-appointment of Leena Katdare as a Director, who retires by rotation. Additionally, the meeting will seek approval for the re-appointment of Independent Directors Animesh Mehta and Narayan Meghani for a second term of five years commencing March 31, 2027. The Board recommends all resolutions for shareholder approval.

E-voting and Compliance

Gujarat Lease Financing has provided remote e-voting facilities, which will be open from June 28, 2026, at 09:00 a.m. to July 01, 2026, at 05:00 p.m. The cut-off date for determining eligibility for e-voting is June 25, 2026. Central Depository Services (India) Ltd has been engaged as the authorized agency for the voting process. The company has complied with Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding the submission of the Annual Report.