Superior Finlease has scheduled a Board of Directors meeting for September 8, 2026, at its registered office in New Delhi.

The primary agenda includes the appointment of M/s R.C. Agarwal & Co. as statutory auditors for five financial years, from FY26 to FY30, subject to shareholder approval.

Meeting Agenda Details

The board will also consider the appointment of an internal auditor and finalize the logistics for the company's Annual General Meeting (AGM).

Key items for consideration include:

• Appointment of M/s R.C. Agarwal & Co. (FRN: 003175N) as statutory auditor for FY26-FY30.
• Approval of the internal auditor appointment.
• Decision on date, time, and mode for the AGM.
• Approval of the draft notice for the 32nd AGM for FY26, including the Director Report.
• Appointment of a scrutinizer for the AGM.

The meeting is scheduled to commence at 2:30 pm. The company issued the intimation pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Superior Finlease Limited reported a standalone net loss of ₹3.58 lakh for the quarter ended June 30, 2026 (Q1FY27), compared to a loss of ₹3.59 lakh in the same period of the previous fiscal year. The non-banking financial company’s revenue from operations contracted by approximately 15% year-on-year to ₹8.82 lakh, driven by a decline in interest income.

The board of directors approved the unaudited financial results on August 13, 2026. The figures were reviewed by R.C. Agarwal & Company, the statutory auditors, who issued a limited review report confirming compliance with SEBI Listing Regulations and Ind AS 34. The company filed its compliance under Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with BSE and MSEI on August 16, 2026, enclosing newspaper clippings from The Financial Express and The Jansatta dated August 15, 2026.

Financial Performance

Interest income, the primary revenue driver for the NBFC, stood at ₹8.82 lakh for the current quarter, down from ₹11.02 lakh in the preceding quarter (Q4FY26) and ₹7.64 lakh in Q1FY26. Total expenses rose to ₹12.41 lakh from ₹11.24 lakh a year ago, primarily due to an increase in other expenses to ₹7.97 lakh from ₹5.30 lakh.

What the Numbers Show

The company’s profitability remains highly sensitive to operational cost fluctuations relative to its small revenue base. While interest income grew sequentially from Q4FY26 to Q1FY27, total expenses increased disproportionately, leading to a reversal from a profit of ₹1.81 lakh in the previous quarter to a loss of ₹3.58 lakh in the current period. Other income, which contributed ₹2.24 lakh in Q4FY26, was absent in Q1FY27, further widening the gap between revenue and total income.

Regulatory Compliance Issues

Superior Finlease disclosed non-compliance with SEBI Listing Obligations and Disclosure Requirements Regulations regarding the timely submission of financial results. Both the BSE and MSE have levied fines for the delay in filing results for the year ended March 31, 2026.

• Basic Fine: ₹55,000 (calculated at ₹5,000 per day)
• GST (18%): ₹9,900
• Total Penalty: ₹64,900

The exchanges warned that failure to remit the fine within 15 days could result in the freezing of promoter demat accounts. The company has issued a correction notice clarifying that earlier cover letters erroneously cited the quarter ended December 31, 2025, instead of June 30, 2026, confirming the error was purely clerical with no impact on financial data.

Corporate Governance Updates

During the same meeting, the board reconstituted its committees effective August 13, 2026:

• Audit Committee: Chaired by Non-Executive Independent Director Ravikant Sharma.
• Nomination and Remuneration Committee: Also chaired by Ravikant Sharma.
• Stakeholders Relationship Committee: Chaired by Non-Executive Independent Director Upendra Prasad Bhaskar.