K Z Leasing & Finance Ltd concluded its 40th Annual General Meeting on September 30, 2026, with all proposed resolutions passed by shareholders without any modifications.

The meeting was held at the company's registered office in Ahmedabad. A total of 20 members attended the session, which commenced at 10:00 am and concluded at 11:30 am, satisfying the requisite quorum for the gathering.

Key resolutions adopted

Shareholders approved the audited financial statements for the fiscal year ended March 31, 2026. This included the balance sheet, profit and loss account, and reports from both the directors and auditors.

Additionally, the meeting addressed the rotation of directors. Mrs. Chaitali Ankit Patel, who retired by rotation under Section 152 of the Companies Act, 2013, was re-appointed as a director of the company following her eligibility confirmation.

Board attendance and proceedings

The meeting was chaired by Pravinbhai Keshavlal Patel, Managing Director and Chairman. The board members present included:

• Ankit Pravinkumar Patel (Director, CFO)
• Babubhai Patel (Director, Chairman of Audit Committee)
• Chaitali Ankit Patel (Director)
• Kantibhai Sendharam Patel (Director)

The Chairman opened the register of members and directors' shareholding for inspection before proceeding to the agenda items. Members participated in discussions regarding the annual accounts, with queries addressed directly by the Chairman.

K Z Leasing & Finance reported a net loss of ₹21.20 lakh for FY26, widening from the ₹18.73 lakh loss recorded in the previous fiscal year. The deterioration was primarily driven by a surge in finance costs, which rose to ₹164.25 lakh from ₹45.32 lakh in FY25, outpacing growth in other income.

The company submitted its annual report for the year ended March 31, 2026, to the Bombay Stock Exchange on August 27, 2026. Alongside the financial results, K Z Leasing announced that September 23, 2026, is the record date to determine shareholder eligibility for e-voting at its 40th Annual General Meeting (AGM), scheduled for September 30, 2026.

Financial Performance

Total income for FY26 stood at ₹316.91 lakh, an increase from ₹233.32 lakh in FY25. However, this growth was largely fueled by other income rather than core operations.

Income from operations, comprising interest income on loans, declined by 38.3% to ₹42.80 lakh. In contrast, other income surged by 67.1% to ₹274.11 lakh, supported by capital gains on share sales and dividend income.

What the Numbers Show

The company’s profit before tax improved marginally to a loss of ₹21.37 lakh from ₹25.63 lakh in FY25, despite a significant rise in total expenses to ₹338.28 lakh from ₹258.95 lakh. This improvement was solely due to the substantial jump in other income, which offset higher operational and finance costs. Operational expenses decreased slightly to ₹172.05 lakh from ₹211.73 lakh, indicating cost control in administrative areas, but this was insufficient to counterbalance the financing burden.

Balance Sheet Highlights

As of March 31, 2026, total assets increased to ₹3,965.34 lakh from ₹2,475.93 lakh in the previous year. This expansion was driven by a rise in non-current assets, particularly investments, which grew to ₹3,171.02 lakh from ₹1,687.02 lakh.

Liabilities saw a more pronounced increase. Non-current liabilities rose sharply to ₹1,892.03 lakh from ₹328.29 lakh, while current liabilities climbed to ₹532.38 lakh from ₹240.40 lakh. The debt-equity ratio widened significantly to 1.44 from 0.11 in FY25, reflecting increased leverage.

Corporate Governance and AGM Details

The Board of Directors approved the notice for the 40th AGM and the Director’s Report for FY26 during its meeting on August 27, 2026. M/s GKV & Associates was appointed as the scrutinizer for e-voting.

Shareholders holding shares on September 23, 2026, will be eligible to cast their votes electronically. The e-voting facility will be available from September 27, 2026, to September 29, 2026. The meeting agenda includes the adoption of audited financial statements and the re-appointment of Mrs. Chaitali Ankit Patel as a director retiring by rotation.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE006C01015/1daf4059-0553-4c80-b807-4485b4f5d8a7.pdf