Money Masters Leasing & Finance Limited shareholders approved all five resolutions at its 32nd Annual General Meeting on August 24, 2026, with 99.99% of votes cast in favour.

The meeting, conducted via Video Conferencing and Other Audio-Visual Means (VC/OAVM), commenced at 12:38 pm after the requisite quorum was not present at the scheduled time. Managing Director Hozef Darukhanawala chaired the proceedings following the absence of Chairperson Javid Husain Parkar.

Voting Breakdown

A total of 35.4 million shares were polled, representing 35.41% of outstanding shares. Promoter and promoter group shareholders, holding 34.7 million shares, voted 100% in favour across all five resolutions. Public non-institutional shareholders polled approximately 759,700 shares.

The appointment of Independent Director Mr. Vikrant Ponkshe received slightly lower support from public shareholders, with 420 votes cast against compared to 20 against for other resolutions. However, the resolution still passed with overwhelming majority support.

Key Resolutions Approved

Shareholders passed five resolutions during the meeting, which concluded at 1:22 pm IST:

• Adoption of Audited Financial Statements for FY26
• Reappointment of Mrs. Durriya Hozef Darukhanawala (retiring by rotation)
• Appointment of Mr. Saideep Rajendrakumar Agarwal as Non-Executive Non-Independent Director
• Appointment of Mr. Vikrant Ponkshe as Independent Director
• Appointment of Mr. Vishal Suresh Agarwal as Independent Director

Audit Observations

The Statutory Auditors’ Report for the financial year ended March 31, 2026, contained no qualifications, reservations, adverse remarks, or disclaimers. The Secretarial Audit Report noted one observation regarding the non-appointment of an Internal Auditor as per the Companies Act, 2013. The Company stated it is in the process of making this appointment.

Meeting Details

Forty members participated in the meeting through VC/OAVM, comprising three promoters and 37 public shareholders. Remote e-voting was available from August 21 to August 23, 2026. Nine members registered as speakers and raised queries, which were addressed by the Chairman. The Consolidated Scrutinizer’s Report, submitted by Hemanshu Upadhyay of HRU & Associates on August 25, 2026, confirmed all resolutions passed with requisite majority.

Money Masters Leasing & Finance Limited will hold its 32nd Annual General Meeting (AGM) on Monday, August 24, 2026, to adopt financial statements for FY26, which reported a profit after tax (PAT) of ₹35.67 lakh. The meeting, conducted via Video Conferencing or Other Audio-Visual Means (VC/OAVM), will also seek shareholder approval for the appointment of three new directors, including two independent directors, marking a significant shift in the company’s board composition following recent departures.

The filing with the Bombay Stock Exchange (BSE) under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, discloses that net receipts from operations declined to ₹151.33 lakh in FY26 from ₹214.13 lakh in FY25. Despite the revenue contraction, the company maintained a robust capital adequacy ratio of 49.40%, well above the Reserve Bank of India’s minimum requirement of 15% for Non-Banking Financial Companies (NBFCs). Gross Non-Performing Assets (NPA) stood at 2.26% of total assets, while Net NPA was contained at 0.46%.

Key Meeting Details

The AGM is scheduled for 12:30 p.m. IST. Shareholders can participate remotely, with e-voting facilitated by National Securities Depository Limited (NSDL). The remote e-voting period begins on Friday, August 21, 2026, and ends on Sunday, August 23, 2026. The record date for determining voting rights is Monday, August 17, 2026.

Board Composition Changes

The AGM agenda includes special resolutions to appoint Mr. Vikrant Ponkshe and Mr. Vishal Suresh Agarwal as Non-Executive Independent Directors for five-year terms commencing May 27, 2026, and July 27, 2026, respectively. Additionally, shareholders will vote on the appointment of Mr. Saideep Rajendrakumar Agarwal as a Non-Executive Non-Independent Director. These appointments follow the cessation of Mr. Vijaypratap Talukdar Singh as an Independent Director on June 28, 2026, upon completion of his term, and the non-reappointment of Mr. Rakesh Anil Bissa in September 2025. Mrs. Durriya Hozef Darukhanawala, who retires by rotation, has offered herself for reappointment.

Financial Performance Overview

The company’s total income for FY26 was ₹151.40 lakh, against total expenditure of ₹103.73 lakh. Profit before tax stood at ₹47.67 lakh. The board did not recommend any dividend for equity shareholders, opting instead to deploy profits back into the business. Preference share dividend of ₹4.09 lakh was provided. The company redeemed 1,005,500 Non-Convertible Cumulative Redeemable Preference Shares during the year, aggregating to a nominal value of ₹1,00.55 lakh.

What the Numbers Show

The decline in revenue from operations reflects broader industry normalization in the NBFC sector, yet the company’s profitability remained intact due to controlled expenditure. Finance costs decreased to ₹50.97 lakh from ₹56.29 lakh in the previous year, contributing to margin preservation. The high capital adequacy ratio of 49.40% indicates a strong buffer against credit risks, although the concentration in hire-purchase financing exposes the firm to sector-specific cyclical risks. The absence of public deposits and reliance on corporate deposits and director loans underscores a conservative funding strategy.