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

Nalin Lease Finance promoter Dilipkumar Nalinkant Gandhi reduced his stake in the company by selling 66,000 equity shares in the open market on July 29, 2026. The transaction brings his total holding down from 42.3588% to 41.3524% of the company’s voting capital, marking a decrease of 1.0063 percentage points. This move reflects a strategic adjustment in promoter holdings and is subject to mandatory disclosure norms under securities regulations.

The disposal was executed via open market transactions, as confirmed in the filing submitted to the Bombay Stock Exchange Ltd. on July 30, 2026. The disclosure was made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulation, 2011, which mandates timely reporting of share acquisitions or disposals by designated persons and promoters.

Shareholding Details

The following table outlines the change in Dilipkumar Nalinkant Gandhi’s shareholding before and after the transaction:

No encumbrances, pledges, or liens were reported on the shares held by the promoter either before or after the sale. Additionally, there were no holdings of warrants, convertible securities, or other instruments that entitle the holder to receive shares carrying voting rights.

Regulatory Compliance

The equity share capital of Nalin Lease Finance Limited remained unchanged at 6,558,180 shares before and after the transaction. The total diluted share/voting capital was noted as not applicable, indicating no outstanding convertible instruments affecting the diluted count at the time of filing.

The disclosure document was digitally signed by Dilipkumar Nalinkant Gandhi on July 30, 2026, at 14:10:26 IST, with the place of signing recorded as Himatnagar. The filing was addressed to the Assistant General Manager of the Department of Corporate Services at the Bombay Stock Exchange Ltd., located at Dalal Street, Fort, Mumbai.

What the Numbers Show

The reduction in promoter stake is modest in absolute terms but significant enough to trigger regulatory disclosure thresholds. With the promoter retaining over 41% of the voting capital, control remains firmly within the promoter group. The absence of encumbrances suggests that the sale was not driven by liquidity constraints related to pledged assets. Instead, it may reflect portfolio rebalancing or personal financial planning by the promoter. Investors should monitor future filings for any further changes in promoter holdings or encumbrance status.