Outcome of Board Meeting
Price
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Awaiting price reaction for this filing.
The Board of Directors of India Lease Development Ltd met on August 11, 2025 and approved multiple items including the notice of the 40th Annual General Meeting scheduled for September 25, 2025 (via video conferencing), the Directors' Report for FY ended March 31, 2025, and related party transactions including material ones. The Board approved the re-appointment of Shri Karun Pratap Hoon as Independent Director for five years (Nov 19, 2025 to Nov 18, 2030), appointed M/s Anjali Yadav & Associates as Secretarial Auditor for FY 2025-26 to FY 2029-30, and re-appointed the Internal Auditor for FY 2025-26. Two directors — Shri Rajiv Gupta and Ms. Sumana Verma — will retire by rotation at the AGM. Along with the board meeting outcome, the company reported Q1 FY26 standalone unaudited results showing revenue from operations of ₹21.18 lakhs (down from ₹68.15 lakhs in Q1 FY25) and a net loss of ₹5.52 lakhs (vs ₹11.72 lakhs loss in Q1 FY25).
Routine AGM-related approvals and auditor appointments with no major strategic shift; the shrinking top-line continues to be a concern, though the net loss narrowed compared to the year-ago quarter. Shareholders should note the September 19-25, 2025 book closure period for AGM eligibility.