Gujarat Lease Financing Reports FY26 Financial Results and Board Re-appointments

Gujarat Lease Financing Limited has released its audited financial results for FY26, alongside key board decisions made during its meeting on April 30, 2026. The company reported a net profit of Rs. 4.71 lakhs for FY26, representing a decline from the previous year's profit of Rs. 5.86 lakhs.

Financial Performance Overview

The company's financial performance for FY26 showed mixed results across different quarters and annual comparisons:

Metric:	Q4 FY26	Q4 FY25	FY26	FY25	Change (%)
Total Income:	Rs. 10.84 lakhs	Rs. 10.61 lakhs	Rs. 42.53 lakhs	Rs. 42.32 lakhs	+0.50%
Total Expenses:	Rs. 5.17 lakhs	Rs. 6.06 lakhs	Rs. 37.82 lakhs	Rs. 36.46 lakhs	+3.73%
Net Profit:	Rs. 5.67 lakhs	Rs. 4.55 lakhs	Rs. 4.71 lakhs	Rs. 5.86 lakhs	-19.62%
Earnings per Share:	Rs. 0.02	Rs. 0.02	Rs. 0.02	Rs. 0.02	No change

The company generated no revenue from operations during FY26, with total income of Rs. 42.53 lakhs coming entirely from other income sources. Total expenses increased to Rs. 37.82 lakhs from Rs. 36.46 lakhs in the previous year, primarily driven by employee benefits expenses of Rs. 12.39 lakhs and other expenses of Rs. 13.24 lakhs.

Balance Sheet Position

The company's financial position as of March 31, 2026, reflects significant changes in its asset composition:

Assets/Liabilities:	March 31, 2026	March 31, 2025
Total Assets:	Rs. 642.27 lakhs	Rs. 636.17 lakhs
Cash and Cash Equivalents:	Rs. 597.60 lakhs	Rs. 29.46 lakhs
Total Equity:	Rs. (403.46) lakhs	Rs. (406.14) lakhs
Borrowings:	Rs. 1,000.00 lakhs	Rs. 1,000.00 lakhs

Notably, the company's cash position improved significantly to Rs. 597.60 lakhs from Rs. 29.46 lakhs in the previous year, primarily due to fixed deposits having maturity within three months amounting to Rs. 565.00 lakhs. However, the company continues to show negative equity of Rs. 403.46 lakhs, though this represents a marginal improvement from the previous year's Rs. 406.14 lakhs.

Board Re-appointments and Governance

The board approved the re-appointment of two independent directors for second and final terms:

Director Details:	Animesh Mehta	Narayan Meghani
DIN:	09122533	09551334
Age:	76 years	68 years
Qualification:	Bachelor of Engineer (Mechanical)	Chemical Engineer, MBA
Experience:	40+ years in power plants	36+ years in CSR and supply chain
Term Period:	March 31, 2027 to March 30, 2032	March 31, 2027 to March 30, 2032

Both appointments are subject to approval by the company's members. The directors are not related to any other board members and have not been debarred by SEBI or other authorities.

Auditor's Opinion and Key Notes

G. K. Choksi & Co., the company's statutory auditors, issued an unmodified opinion on the financial results. However, they emphasized a critical matter regarding the company's operational status. The auditors noted that the company does not have any business plan and does not intend to have any business activity in the near future. Consequently, the financial statements have been prepared on a non-going concern assumption, with financial assets stated at their realizable value or cost, whichever is lower.

The company's accumulated losses exceed its net worth, and total liabilities exceed total assets as of March 31, 2026. Despite these challenges, the company continues to maintain its listing obligations and regulatory compliance requirements. The board meeting commenced at 01:00 pm and concluded at 01:45 pm on April 30, 2026.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.98%	+14.42%	+82.32%	-18.88%	+19.73%	+252.20%

Gujarat Lease Financing Limited has filed its quarterly compliance certificate with stock exchanges, confirming adherence to SEBI depositories regulations for the quarter ended March 31, 2026. The submission demonstrates the company's commitment to maintaining regulatory compliance in securities handling processes.

Regulatory Filing Details

The company submitted the certificate on April 09, 2026, to both BSE Limited and National Stock Exchange of India Limited. The filing was made pursuant to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, which mandates quarterly reporting on securities dematerialization and rematerialization activities.

Parameter:	Details
Filing Date:	April 09, 2026
Quarter Covered:	March 31, 2026
Regulation:	SEBI (Depositories and Participants) Regulations, 2018 - Section 74(5)
Signatory:	Meera Gudka, Company Secretary & Compliance Officer

Registrar Confirmation

MCS Share Transfer Agent Limited, acting as the company's Registrar and Transfer Agent, provided the underlying confirmation certificate dated April 07, 2026. The registrar confirmed that all securities received from depository participants for dematerialization during the quarter were properly processed and either accepted or rejected to the depositories as required.

Key confirmations provided by the registrar include:

Securities comprised in certificates have been listed on stock exchanges where earlier issued securities are listed
Security certificates received for dematerialization were mutilated and cancelled after due verification
Depository names were substituted in the register of members as registered owners within prescribed timelines

Compliance Framework

The filing represents part of the ongoing regulatory compliance framework that listed companies must maintain. The certificate ensures transparency in the dematerialization process and confirms that all procedural requirements under SEBI regulations have been met during the reporting quarter.

Copies of the filing were also submitted to National Securities Depository Limited and Central Depository Services (India) Limited, ensuring all relevant depositories are informed of the compliance status.