Torrent Investments Limited has declared that it has not created any encumbrance on shares of Gujarat Lease Financing Limited , directly or indirectly, during the financial year ended March 31, 2026. This disclosure was submitted to the stock exchanges on April 06, 2026, in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The declaration covers Torrent Investments Limited and persons acting in concert (PAC) with the entity.

The filing, addressed to the Corporate Relationship Department of BSE Limited and the Listing Department of National Stock Exchange of India Limited, confirms the status of the shares held by the acquirer. The company, formerly known as Torrent Investments Private Limited, stated that the declaration is made for the records of the exchanges. The document was signed by Deshna Shah, Company Secretary & Compliance Officer of Torrent Investments Limited.

Regulatory Compliance

The submission is a mandatory disclosure under the SEBI (SAST) Regulations, which require acquirers to inform the exchanges about any encumbrance on shares of the target company during a financial year. The regulation aims to ensure transparency regarding the holding structure of significant shareholders.

The declaration was copied to the Company Secretary and the Audit Committee of Gujarat Lease Financing Limited for their information and records.

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:

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:

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:

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.