Leading Leasing Finance and Investment Company Limited reported a net profit of ₹1864.22 lakh for the financial year ended March 31, 2026, a significant increase from ₹375.84 lakh in the prior year. Revenue from operations for FY26 surged to ₹14174.66 lakh, up from ₹2888.87 lakh in FY25. The company's Board of Directors approved the standalone audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 29, 2026.

For the quarter ended March 31, 2026, the company reported a net loss of ₹708.34 lakh, contrasting with a net profit of ₹470.90 lakh in the same quarter of the previous year. Revenue from operations for the quarter was ₹5544.69 lakh, compared to ₹1070.05 lakh in Q4FY25. Total income for the quarter stood at ₹5544.71 lakh.

Financial Performance

The company's total expenses for FY26 were ₹12257.81 lakh, up from ₹2644.70 lakh in the previous year. Finance costs for the year amounted to ₹3398.67 lakh, while bad debts written off totaled ₹4030.16 lakh. The Board approved the write-off of bad debts amounting to ₹40.30 Crores during the year, citing untraceable borrowers.

Auditor's Observations

The statutory auditors, M/s S K Bhavsar & Co, issued an audit report with an unmodified opinion. However, the report included several emphasis of matter points. The auditors noted that outstanding balances of loans and advances were not independently confirmed with counterparties, constituting a scope limitation. Additionally, the company converted warrants into equity shares aggregating ₹91.76 Crores, but the auditors did not independently verify the end-use of these funds.

The auditors also highlighted that stock-in-trade, comprising listed and unlisted investments, was valued at cost rather than the lower of cost or net realisable value (NRV) as required by Ind AS 2. Furthermore, the company reclassified investments as stock-in-trade with effect from November 18, 2025, transferring gains or losses to Capital Reserve. The bifurcation of trade payables into Micro, Small and Medium Enterprise (MSME) creditors was not provided, affecting compliance with the MSME Development Act, 2006.

Corporate Governance

The Board approved a notice of postal ballot to seek shareholder approval for the appointment of Ms. Shweta as a Non-Executive Independent Director. M/s Dharti Patel & Associates was appointed as the scrutinizer for the e-voting process. The meeting commenced at 05:00 PM and concluded at 06:05 PM on May 29, 2026.

Leading Leasing Finance and Investment Company Limited has intimated that its board of directors will meet on Friday, May 29, 2026. The meeting is convened in accordance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Agenda for the Meeting

The board will primarily consider the audited financial results for the quarter and year ended March 31, 2026. This includes the review and approval of the accompanying audit report. Additionally, the board may address any other items with the permission of the chairperson.

Trading Window Closure

In compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015 and the company's code of conduct, the trading window for designated persons remains closed. The window was closed effective April 1, 2026, and is scheduled to reopen 48 hours after the declaration of the financial results.

Key Meeting Details