Lerthai Finance Limited will hold its 47th Annual General Meeting (AGM) on September 3, 2026, at 11:30 am IST via Video Conferencing or Other Audio Visual Means (OAVM). The meeting seeks shareholder approval for the adoption of audited financial statements for FY26 and the re-appointment of two key directors retiring by rotation: Ms. Aparna Goel and Mr. Shao Xing Max Yang.

The remote e-voting process for shareholders begins on August 31, 2026, at 9:00 am and concludes on September 2, 2026, at 5:00 pm. The register of members and share transfer books will remain closed from August 28, 2026, to September 3, 2026. Only shareholders recorded in the register as of the cut-off date on August 27, 2026, are eligible to vote. The company has engaged MUFG Intime India Private Limited as its Registrar and Share Transfer Agent to facilitate the e-voting and VC processes in compliance with Ministry of Corporate Affairs (MCA) circulars.

Key Agenda Items

The primary resolutions for the AGM involve ordinary business matters, specifically the adoption of audited financial statements and the re-appointment of directors. The details of the directors seeking re-appointment are outlined below:

Ms. Aparna Goel was first appointed to the Board on March 30, 2015, while Mr. Shao Xing Max Yang joined on May 30, 2018. Neither director receives a fixed remuneration; they are eligible only for sitting fees as approved by the Board pursuant to Section 203 of the Companies Act, 2013. Ms. Aparna Goel is the spouse of Mr. Jayant Goel, the Whole Time Director, but this relationship does not affect her eligibility for re-appointment under current regulations.

Financial Context and Governance

The AGM coincides with the formal adoption of FY26 results, which showed total income declining to ₹28.61 lakh from ₹46.93 lakh in FY25, while expenses rose to ₹68.25 lakh. The resulting net loss of ₹42.50 lakh reflects the ongoing transition phase after the discontinuation of manufacturing operations. The Board did not recommend any dividend for FY26 to conserve reserves.

Regarding corporate governance, the Secretarial Audit Report highlighted that the Board currently lacks a proper balance with only one Independent Director, Ms. Ntasha Berry. Consequently, separate meetings of independent directors were not held during the year. The Board has initiated a process to appoint additional independent directors to align with the Companies Act, 2013 requirements. M/s. B.D. Jokhakar & Co., Chartered Accountants, were re-appointed as Statutory Auditors for a five-year term starting from the conclusion of the previous AGM.

Lerthai Finance Limited reported a widening net loss for the first quarter of fiscal year 2027, signaling continued operational challenges as revenue contracted. The company posted a standalone net loss after tax of ₹17.13 lakh for the quarter ended June 30, 2026, compared to a net loss of ₹5.65 lakh in the same quarter of the previous year. This deterioration in profitability occurred alongside a decline in top-line growth, raising concerns about the firm’s ability to stabilize its earnings trajectory in the near term.

The Board of Directors approved the unaudited financial results at a meeting held on August 10, 2026. The results were filed with the stock exchanges under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Chairman and Director Shao Xing Max Yang signed off on the statement from the USA.

Financial Performance

Revenue from operations (net) stood at ₹7.37 lakh in Q1FY27, down from ₹10.60 lakh in Q1FY26. For the full fiscal year ended March 31, 2026, total income from operations was ₹28.61 lakh. The profit before tax was a negative ₹17.13 lakh for the current quarter, compared to a loss of ₹5.66 lakh in Q1FY26 and a cumulative loss of ₹39.64 lakh for FY26.

The basic and diluted earnings per share (EPS) were negative ₹2.45 for the quarter, worsening from negative ₹0.81 in Q1FY26. For the full year ended March 2026, the annualized EPS stood at negative ₹6.07. The company’s equity share capital remained unchanged at ₹70.00 lakh.

What the Numbers Show

The divergence between the quarterly revenue decline and the sharper increase in losses highlights margin pressure within Lerthai Finance’s operations. While revenue dropped by approximately 30% year-on-year, the net loss more than tripled, suggesting that fixed costs or specific operational expenses did not scale down proportionally with the reduced income. This structural imbalance indicates that cost optimization remains a critical priority for management as it seeks to return to profitability.