Virat Leasing Ltd has scheduled its 42nd Annual General Meeting for September 30, 2026, with the register of members closed from September 24 to September 30. The company also reported a significant widening in its net loss for FY26.

The Board of Directors approved the meeting dates on September 3, 2026. The company disclosed these details in filings with BSE Limited on September 5 and September 8, 2026, pursuant to Regulation 42 and Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Newspaper advertisements confirming the AGM and Annual Report dispatch were published on September 8, 2026.

Meeting and E-Voting Details

The AGM will be held at 3:30 pm at B B D Bag Professional Association in Kolkata. Members holding shares as on the cut-off date of September 23, 2026, are eligible to vote. Remote e-voting will commence on September 27, 2026, at 9:00 am and end on September 29, 2026, at 5:00 pm. Mr. Anand Khandelia was appointed as the scrutinizer for the voting process.

Financial Performance

Virat Leasing reported a net loss of ₹7,294.14 lakh for FY26, widening significantly from a loss of ₹2,984.15 lakh in the previous year. Total income declined to ₹8,697.34 lakh from ₹9,319.69 lakh in FY25. This decline was driven by a drop in interest income to ₹8,497.66 lakh from ₹9,288.73 lakh.

Total expenses rose to ₹15,947.49 lakh from ₹12,257.04 lakh. The increase was primarily due to a higher net loss on fair value changes, which stood at ₹12,225.00 lakh compared to ₹8,437.50 lakh in the prior year. Other comprehensive income improved to ₹5,169.17 lakh from ₹464.60 lakh, resulting in a total comprehensive loss of ₹2,124.98 lakh.

Director Re-Appointment

The board proposed the re-appointment of Mr. Mahesh Kumar Kejriwal as a Non-Executive Independent Director. His current tenure expires at the conclusion of the AGM. The proposal seeks approval for a further period of five consecutive years, extending until the conclusion of the 47th Annual General Meeting.

Mr. Kejriwal holds a bachelor's degree in Commerce. He brings experience in foreign exchange trading, portfolio management, accounts, finance, security, and market operations. He currently holds two directorships in other listed companies and serves on four audit or stakeholders' relationship committees across public companies.

Related Party Transactions

The board noted related party transactions and proposed them for shareholder approval at the ensuing AGM.

Virat Leasing reported a standalone net profit of ₹6.38 lakh for the first quarter ended June 30, 2026, up from ₹3.90 lakh in the same period last year. The company’s total revenue from operations increased to ₹19.89 lakh, compared to ₹22.50 lakh in Q1FY26, reflecting a shift in income composition despite the overall decline in top-line figures.

The Board of Directors approved the unaudited financial results at its meeting held on August 12, 2026. Statutory auditors Surajit Roy & Associates issued a limited review report on the financials.

Financial Performance

Interest income, the primary revenue driver, rose to ₹22.96 lakh from ₹22.50 lakh in Q1FY26. However, total revenue from operations fell due to other operating income turning negative at (₹3.07 lakh), compared to nil in the prior year quarter.

Total expenses contracted significantly to ₹11.36 lakh from ₹17.52 lakh in the previous year’s first quarter. This reduction was primarily driven by lower employee benefits expense, which fell to ₹1.39 lakh from ₹5.51 lakh. Finance costs also decreased slightly to ₹2.24 lakh from ₹1.05 lakh.

What the Numbers Show

The divergence between falling total revenue and rising net profit highlights improved cost efficiency. While interest income grew marginally, the sharp decline in employee benefits and absence of impairment charges (which stood at ₹0.73 lakh in Q1FY26) contributed substantially to the bottom-line expansion. Other income remained negligible at ₹0.00 lakh, compared to ₹0.35 lakh in the prior period.

Balance Sheet and Equity

Paid-up equity share capital remained unchanged at ₹1,298.05 lakh. Earnings per share (basic and diluted) stood at ₹0.02, matching the figure from Q1FY26. The company recorded a total comprehensive income of ₹6.38 lakh for the quarter, with no other comprehensive income items recognized.

For the full year ended March 31, 2026, Virat Leasing reported a net loss of ₹72.94 lakh, against a loss of ₹72.50 lakh before tax. The current quarter’s profitability marks a sequential improvement from the fourth quarter of FY26, where net profit was ₹11.46 lakh.