Leading Leasing Finance and Investment Company Limited has completed the dispatch of its postal ballot notice via email to all eligible shareholders on June 1, 2026. The company seeks approval for the appointment of Ms. Shweta as a Non-Executive Independent Director for a five-year tenure from February 21, 2026, to February 20, 2031. An advertisement regarding the postal ballot was published in Active Times and Mumbai Lakshadweep on June 2, 2026, to inform the public.

The Board of Directors approved the postal ballot notice at its meeting held on May 29, 2026. National Securities Depository Limited (NSDL) has been engaged to facilitate the remote e-voting process, while M/s Dharti Patel & Associates will act as the scrutinizer. The company requires member approval pursuant to Regulation 17(1)(c) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, to regularize the appointment of Ms. Shweta, who was initially appointed as an Additional Non-Executive Independent Director on February 21, 2026.

Ms. Shweta holds a Bachelor of Arts and Master of Arts from State University, Allahabad, and is currently pursuing LL.B. She does not hold any equity shares in the company and is not related to any other director or key managerial personnel. Her experience spans corporate governance, marketing, and communication.

Voting Schedule and Process

The remote e-voting facility will be available from 9:00 A.M. on June 3, 2026, until 5:00 P.M. on July 2, 2026. Shareholders whose names appear on the Register of Members or List of Beneficial Owners as on May 29, 2026, are eligible to vote. The results will be declared on the company's website and communicated to the stock exchanges upon conclusion of the voting process.

Director Details

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.