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.

Money Masters Leasing & Finance published its unaudited financial results for the quarter ended June 30, 2026, in Free Press Journal (English) and Navshakti (Marathi) on July 29, 2026. The publication was made pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This disclosure follows the Board of Directors' approval of the financial statements on July 27, 2026, confirming the company’s compliance with regulatory reporting timelines for its first quarter of fiscal year 2027.

The company reported a net profit of ₹6.34 lakh for the quarter, a 43% decline from ₹11.18 lakh in the corresponding period of the previous year. Revenue from operations fell by 5% to ₹30.50 lakh, while total expenses rose by 16% to ₹24.16 lakh. The divergence between declining revenue and rising costs highlights ongoing margin pressure. The full format of the quarterly financial results is available on the BSE website and the company’s official portal.

Financial Performance Highlights

Revenue from operations decreased to ₹30.50 lakh in Q1FY27, down from ₹32.01 lakh in Q1FY26. Total expenses increased to ₹24.16 lakh from ₹20.83 lakh, driven primarily by a rise in other expenses to ₹9.60 lakh from ₹8.13 lakh. Employee benefit expenses also saw a marginal increase to ₹6.84 lakh from ₹4.11 lakh. Financial costs remained relatively stable at ₹7.60 lakh compared to ₹8.43 lakh in the prior year quarter.

Earnings per share stood at ₹0.01, unchanged from the previous year. The paid-up equity share capital remained constant at ₹1,003.82 lakh. The company incurred no tax expenses during the quarter.

What the Numbers Show

The widening gap between total income and total expenses underscores operational inefficiencies in the current quarter. While financial costs decreased slightly, the significant rise in other operational expenses outpaced this reduction, leading to compressed profitability. This suggests that non-interest operational costs are becoming a more substantial drag on performance, warranting close monitoring in subsequent quarters.

Corporate Governance Updates

Vishal Suresh Agarwal was appointed as an Additional Director designated as a Non-Executive Independent Director, effective July 27, 2026. His appointment is subject to shareholder approval at the upcoming Annual General Meeting. Agarwal brings over two decades of experience in the real estate and construction sector and is not related to any existing Directors, Key Managerial Personnel, or Promoters of the Company.

The unaudited financial results were reviewed by PSV Jain & Associates, Chartered Accountants, who issued a limited review report stating that nothing came to their attention to cause them to believe that the statement had not been prepared in accordance with Indian Accounting Standard 34 and other generally accepted accounting principles. The Board also announced that its 32nd Annual General Meeting will be held on August 24, 2026, via Video Conferencing or Other Audio-Visual Means.