Franklin Leasing & Finance Limited has completed its board meeting and formally accepted the resignation of its Company Secretary while appointing a new Compliance Officer. The board meeting, held at the company's registered office, addressed the management transition through comprehensive resolutions and ensured continued regulatory compliance.

Board Meeting Outcomes and Resolutions

The board meeting conducted on January 8, 2026, resulted in key decisions regarding the company's compliance structure with formal resolutions passed:

Management Transition and Formal Acceptance

The board formally accepted Mrs. Rashmi Bhagat's resignation from her position as Company Secretary, which she had submitted on January 5, 2026, citing personal reasons. The board resolution stated that it "placed on record its sincere appreciation for the valuable contributions made by Mrs. Rashmi Bhagat during her association with the Company."

The board passed a comprehensive resolution accepting the resignation and authorizing directors to file necessary forms with the Registrar of Companies and other statutory authorities. This ensures proper regulatory compliance and formal documentation of the management change.

Compliance Officer Appointment Resolution

Simultaneously, the board appointed Mrs. Sujata Das, who serves as a Director of the company, as the new Compliance Officer through a detailed resolution. The appointment was made "pursuant to the applicable provisions of the Companies Act, 2013, and subject to such approvals as may be required."

Mrs. Sujata Das has been authorized to "ensure compliance with all applicable laws, rules, regulations, guidelines, and statutory requirements and to perform all such acts, deeds, and things as may be necessary or incidental thereto." This appointment ensures continuity in the company's compliance functions.

Regulatory Documentation and Authorization

The board passed comprehensive resolutions authorizing the necessary regulatory filings and statutory intimations. Directors have been empowered to file required forms with the Registrar of Companies and make intimations to statutory authorities to formalize these changes.

The formal communication was submitted to the Bombay Stock Exchange under Regulation 30, signed by Mrs. Sujata Das in her capacity as Managing Director (DIN: 10790016). Franklin Leasing & Finance Limited operates under CIN L74899DL1992PLC048028 and trades on BSE with scrip code 539839.

Franklin Leasing & Finance has released its unaudited financial results for the half-year ended September 30, 2025, revealing a mixed performance with a decline in profit but growth in total assets.

Financial Highlights

*As of March 31, 2025

Revenue and Profit Analysis

The company reported a total revenue from operations of Rs. 855.48 lakh for the half-year ended September 30, 2025, marking a 3.74% decrease from Rs. 888.71 lakh in the corresponding period of the previous year. The primary components of revenue were:

• Interest income: Rs. 47.99 lakh
• Sale of shares: Rs. 807.49 lakh

Despite the marginal decline in revenue, Franklin Leasing & Finance saw a more significant drop in profit after tax, which fell by 40.02% to Rs. 10.25 lakh from Rs. 17.09 lakh in the same period last year.

Balance Sheet Strength

The company's balance sheet showed resilience with total assets increasing slightly to Rs. 3,908.12 lakh as of September 30, 2025, compared to Rs. 3,898.26 lakh at the end of the previous financial year. Notably, there was a substantial increase in cash and cash equivalents, which rose to Rs. 372.64 lakh from Rs. 39.01 lakh, representing an impressive growth of 855.24%.

Operational Insights

The financial results were reviewed by the Audit Committee and approved by the Board of Directors. The statutory auditors conducted a limited review and reported no qualifications in their audit report, indicating compliance with accounting standards and regulations.

Management Compensation

In line with transparency requirements, the company disclosed that no remuneration was paid to directors during the period. However, key management personnel received compensation:

• Chief Financial Officer: Rs. 2,40,701
• Company Secretary: Rs. 84,000

Conclusion

While Franklin Leasing & Finance faced challenges in maintaining its profit levels, the company demonstrated financial stability with asset growth and a significant improvement in its cash position. The substantial increase in cash and cash equivalents could provide the company with greater financial flexibility for future operations and investments.

Note: All financial figures are based on the unaudited results for the half-year ended September 30, 2025, as reported by Franklin Leasing & Finance.