Voltaire Leasing & Finance Limited has released its unaudited financial results for the second quarter, revealing a mixed financial performance and highlighting significant concerns raised by auditors.

Financial Performance

The company reported a total income of ₹23.54 crore for the quarter, compared to ₹26.85 crore in the previous quarter. Here's a breakdown of the key financial metrics:

The company's performance shows a significant decline in net profit and earnings per share compared to the previous quarter.

Balance Sheet Highlights

As of the end of the quarter, Voltaire Leasing & Finance reported:

Auditor Concerns

A significant concern highlighted by auditors is the ₹1,258.72 crore in advances given for acquiring shares/securities, which remain pending. The management has stated that they are working to settle these transactions either through acquisition or repayment.

Other Notable Points

1. Interest income is not being recognized on some outstanding loans as it could not be crystallized from certain parties. However, management expects to recover the principal amounts.

2. The company's cash and cash equivalents decreased to ₹4.16 crore from ₹5.78 crore in the previous period.

3. Trade receivables increased to ₹41.06 crore from ₹35.94 crore, while loans decreased slightly to ₹766.32 crore from ₹769.99 crore.

4. The company operates within a single business segment of "Finance & Investments" as per Indian Accounting Standard (IndAS) 108.

5. The financial results have been prepared in accordance with the applicable Indian Accounting Standards and have been reviewed by the Audit Committee and approved by the Board of Directors.

Management's Response

The management of Voltaire Leasing & Finance Limited has acknowledged the concerns raised and is actively working on resolving the pending share acquisitions and loan recoveries. They remain confident in their ability to recover the principal amounts from outstanding loans.

Investors and stakeholders are advised to monitor the company's progress in addressing these issues in the coming quarters.

Voltaire Leasing & Finance has announced a significant change in its top management, with the appointment of a new Chief Financial Officer (CFO). The company, which is involved in leasing and finance operations, has made this transition in its key management personnel effective November 2025.

Management Transition Details

Resignation of Previous CFO

Minakshi Kishor Naruka has stepped down from her role as the Chief Financial Officer of Voltaire Leasing & Finance. Her resignation is effective from the closing hours of November 3, 2025. In her resignation letter, Naruka cited her decision to "accept a better opportunity from another entity" as the reason for her departure.

Appointment of New CFO

The Board of Directors, following the recommendation of the Nomination & Remuneration Committee, has appointed Yogesh Ashok Jadhav as the new Chief Financial Officer of the company. Jadhav's tenure as CFO commences on November 4, 2025.

Profile of the New CFO

Yogesh Ashok Jadhav brings significant experience to his new role:

• Educational Background: Graduate in Commerce (B.Com)
• Professional Experience: Approximately 14 years in accounting matters

Regulatory Compliance

In compliance with regulatory requirements, Voltaire Leasing & Finance has informed BSE Limited of this change in key management personnel. The company has made the necessary disclosures under Regulation 30 of SEBI LODR Regulations, 2015.

This management change comes as Voltaire Leasing & Finance continues its operations in the financial services sector. The transition in the CFO position is a significant development for the company, potentially impacting its financial strategy and operations going forward.