Ekam Leasing & Finance Co . Limited has announced its unaudited financial results for the third quarter of FY26, revealing mixed performance across its standalone and consolidated operations. The company's board approved the results on February 12, 2026, for the quarter ended December 31, 2025.

Standalone Financial Performance

The company's standalone operations showed continued challenges during Q3 FY26. Revenue from operations dropped dramatically to ₹0.06 lakhs compared to ₹1.72 lakhs in the corresponding quarter of the previous year, representing a significant decline in business activity.

The company reported a net loss of ₹21.10 lakhs for Q3 FY26, compared to a loss of ₹19.36 lakhs in Q3 FY25. For the nine-month period ended December 31, 2025, the standalone net loss widened to ₹76.59 lakhs from ₹47.12 lakhs in the corresponding period of the previous year.

Consolidated Results Show Contrasting Performance

On a consolidated basis, the company demonstrated a markedly different performance trajectory. The consolidated results include the holding company and its subsidiaries: Jet Air Securities Private Limited, Rex Overseas Private Limited, and S & S Balajee Mercantile Private Limited.

Regulatory and Compliance Concerns

The auditor's review report highlighted several critical regulatory issues facing the company. As per RBI Notification dated October 19, 2023, NBFCs are required to maintain a minimum Net Owned Fund of ₹5 crore. However, the company's NOF as of December 31, 2025, remains below this prescribed limit, potentially impacting its NBFC status.

Additionally, the company has failed to appoint a Company Secretary throughout the period, which is mandatory under Section 203 of the Companies Act. The auditors also noted that two subsidiaries require registration with the Reserve Bank of India as Non-Banking Finance Companies based on their business activities.

Operational Highlights and Challenges

The company's interest income, which forms the core of its revenue from operations, declined substantially across all reporting periods. For the nine-month period, interest income dropped to ₹7.65 lakhs from ₹21.36 lakhs in the previous year.

The auditors emphasized that the company has not recognized interest income of ₹1.57 lakhs against loans given to Alsan Buildcon Private Limited, as this company has been struck off by the Registrar of Companies. Similarly, no interest expenses were provided for loans outstanding from N K J Securities Private Limited, which was struck off in October 2019.

Financial Position and Capital Structure

The company maintains a paid-up equity share capital of ₹300.00 lakhs with a face value of ₹5 per share, which remained unchanged across all reporting periods. The consolidated total assets stood at ₹1,026.80 lakhs as of December 31, 2025, compared to ₹1,094.44 lakhs in the previous year.

The segment-wise analysis reveals that the Investment & Finance segment continues to be the primary business vertical, though it reported a segment loss of ₹16.39 lakhs for Q3 FY26. The company's financial results will be published in newspapers as per SEBI listing regulations and are available on the BSE website.

Ekam Leasing & Finance Co . Limited has announced that its Board of Directors approved a draft scheme of amalgamation with two wholly-owned subsidiary companies during a meeting held on January 31, 2026. The board meeting, which commenced at 3:00 PM and concluded at 6:10 PM, considered and approved the strategic consolidation proposal.

Details of the Amalgamation Scheme

The approved scheme involves the amalgamation of Rex Overseas Private Limited and S & S Balajee Mercantile Private Limited, both wholly-owned subsidiaries, with Ekam Leasing and Finance Co. Limited as the transferee company. The proposal is structured under Sections 230 and 232 of the Companies Act, 2013, and Reserve Bank of India (Non-Banking Financial Companies – Voluntary Amalgamation) Directions, 2025, dated November 28, 2025.

Strategic Rationale and Benefits

The company outlined several strategic objectives for the proposed amalgamation:

• Simplification of corporate and group structure
• Achievement of operational efficiencies and administrative convenience
• Consolidation of business operations
• Optimal utilisation of financial, managerial and operational resources

Under the scheme, all assets, liabilities, reserves and obligations of the transferor companies will be transferred to and vested in the transferee company. All employees of the subsidiary companies will become employees of the parent company without break in service and on terms not less favourable than their current arrangements.

Financial and Operational Impact

Since both transferor companies are wholly-owned subsidiaries, the amalgamation will not result in any changes to share capital or promoter shareholding. No consideration will be paid and no new shares will be issued pursuant to the scheme.

The financial consolidation will be implemented from the appointed date in accordance with applicable Indian Accounting Standards.

Regulatory Approvals Required

The scheme is subject to multiple regulatory approvals and sanctions from various authorities:

• Shareholders and creditors of the company and transferor companies
• Hon'ble National Company Law Tribunal (NCLT)
• Reserve Bank of India (RBI)
• Securities Exchange Board of India (SEBI)
• Registrar of Companies and other statutory or regulatory authorities

The effective date will be determined as the date on which the certified copy of the NCLT order sanctioning the scheme is filed with the Registrar of Companies. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.