Shri Niwas Leasing and Finance Limited has accepted the resignations of two independent directors, Ms. Promila Sharma (DIN: 09735554) and Mr. Surendra Kumar Jain (DIN: 00530035), effective August 18, 2026. The company’s Board of Directors approved the changes during a meeting held on the same day at its registered office in New Delhi.

Both outgoing directors cited personal reasons for their departure. Ms. Sharma and Mr. Jain confirmed they are not related to any other directors or key managerial personnel of the company and are not debarred from holding office by any regulatory authority.

Board Appointments

To address the vacancies, the Board appointed Mr. Abhishek (DIN: 10783531) as an additional non-executive, non-independent director, effective August 18, 2026. Mr. Abhishek is a graduate born in 1996 and is currently engaged in business.

Mr. Abhishek holds directorships in Transnational Growth Fund Ltd. and Swen Holdings Limited. He also serves as the Chief Financial Officer of Sanco Industries Limited. He confirmed he is not disqualified under Section 164 of the Companies Act, 2013.

Regulatory Disclosures

The company filed the disclosures pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board confirmed that there were no other material reasons for the resignations beyond those stated by the directors.

Shri Niwas Leasing and Finance Limited reported a sharp decline in profitability for the quarter ended June 30, 2026, as net profit after tax fell to ₹16.33 lakh from ₹1,04,954.48 lakh in the corresponding quarter of FY26. The company’s total income from operations contracted by 64.5% to ₹25.49 lakh, compared to ₹71.91 lakh in Q1FY26.

The board of directors approved the unaudited financial results on August 12, 2026. The filing was submitted to the stock exchanges pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

The company’s earnings per share (basic and diluted) stood at ₹0.30 for Q1FY27, a steep drop from ₹238.71 in Q1FY26. Paid-up equity share capital decreased to ₹544.04 lakh from ₹2,398.20 lakh reported in the preceding quarter, indicating potential capital restructuring or buybacks during the period.

What the Numbers Show

The divergence between the current quarter’s performance and the prior year is stark. While Q1FY27 shows modest operational income of ₹25.49 lakh, Q1FY26 recorded net profit before tax of ₹1,04,954.48 lakh against income of ₹71.91 lakh. This suggests that the prior year’s profitability was heavily influenced by non-operational or exceptional items, given that the pre-tax profit figure exceeded total operational income by a massive margin. In contrast, Q1FY27’s pre-tax profit (₹16.33 lakh) aligns closely with its post-tax profit, indicating a return to normalised, albeit lower-volume, operational earnings.