Nalin Lease Finance Limited held its 35th Annual General Meeting (AGM) on September 24, 2026. The meeting was conducted through Video Conferencing and Other Audio Visual Means, complying with Ministry of Corporate Affairs and SEBI guidelines.

Resolutions passed

Shareholders considered and adopted the audited financial statements for the financial year ended March 31, 2026. The Board’s report and Auditors’ report were also taken as read. There were no qualifications in either the Statutory Auditors’ Report or the Secretarial Auditors’ Report for FY26.

The meeting also approved the re-appointment of Dilipkumar Nalinkant Gandhi as a Director. He retires by rotation under the Companies Act, 2013 and was proposed for re-appointment by the Board.

Meeting proceedings

The AGM commenced at 12:00 pm and concluded at 12:20 pm. Dilipkumar Gandhi, Chairman and Whole-Time Director, welcomed members from Himatnagar. Harsh Gandhi, Managing Director, delivered a speech providing an overview of the company’s operations and financial performance during FY26.

Remote e-voting facilities were provided through MUFG Intime India Private Limited. The voting window opened on September 21, 2026, at 9:00 am and closed on September 23, 2026, at 5:00 pm. Amrish N. Gandhi, Proprietor of M/s. Amrish Gandhi & Associates, served as the Scrutinizer to ensure fair conduct of the e-voting process.

Attendance and compliance

Key attendees included:

• Dilipkumar Nalinkant Gandhi: Chairman and Whole-Time Director
• Harsh Gandhi: Managing Director
• Pallaviben Dilipkumar Gandhi: Whole-time Director
• Ashwinbhai Prajapati: Independent Director and Chairman of Audit, Stakeholders’ Relationship, and Nomination and Remuneration Committees
• Hiren Soni and Samsad Alam Khan: Independent Directors
• Nikul Patel: Chief Financial Officer

The company noted that requests for questions from shareholders Manjit Singh and Sarvajit Singh could not be addressed as they did not attend the virtual meeting. The combined results of remote e-voting and e-voting at the AGM will be announced within statutory limits.

Nalin Lease Finance has scheduled its 35th Annual General Meeting (AGM) for Thursday, September 24, 2026, at 12:00 pm via video conference. The meeting will adopt audited financial statements for FY26 and consider the re-appointment of Chairman Dilipkumar Nalinkant Gandhi.

The company reported a ₹317.9 crore net profit for FY26, down from ₹352.3 crore in FY25, despite a significant expansion in its loan book. Total revenue rose 6.3% to ₹682.7 crore, driven by higher interest income from a growing asset base.

Financial Performance FY26

Interest income increased to ₹648.3 crore from ₹590.0 crore in the previous year. However, finance costs rose sharply to ₹53.1 crore from ₹40.9 crore, reflecting higher leverage to fund lending activities. Impairment charges on financial instruments also increased to ₹50.4 crore from ₹29.1 crore.

Balance Sheet & Capital Structure

Total assets grew 32% to ₹4,967.3 crore, primarily due to the expansion in loans and advances. The company significantly increased borrowings to ₹1,029.3 crore, up from ₹112.7 crore in FY25, including an unsecured loan of ₹802.0 crore from directors and relatives. The debt-equity ratio improved to 0.30 from 0.07, indicating efficient use of equity capital relative to debt.

Meeting Logistics and Voting

The register of members will remain closed from Friday, September 18, 2026, to Thursday, September 24, 2026. Voting rights are proportional to paid-up equity share capital. Shareholders holding shares in physical or dematerialized form can vote electronically. The cut-off date for determining eligibility for remote e-voting is Thursday, September 17, 2026.

Key Dates

Nikul Patel, Chief Financial Officer, issued the intimation to BSE Ltd., NSDL, CDSL, and MUFG Intime India Private Limited.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE606C01012/246c07a7-b168-469c-999e-5992c432482f.pdf