Outcome of Board Meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
India Lease Development Limited reported a turnaround with FY2025-26 net profit of ₹2.10 lakhs compared to a net loss of ₹11.72 lakhs in FY2024-25. Revenue from operations declined to ₹34.90 lakhs from ₹65.33 lakhs. The company incurred an exceptional loss of ₹35.80 lakhs from the sale of quoted equity shares in Jayabharat Credit Limited below market price. Total assets declined to ₹967.80 lakhs (from ₹1,078.15 lakhs), while negative other equity stands at ₹(533.66) lakhs. The auditors issued an unmodified opinion but raised an Emphasis of Matter regarding RBI non-compliance (Financial Assets below 50% of Total Assets) and the sale of investments below market price. The company has discontinued its hire purchase/leasing business and prepared accounts on going concern basis despite cumulative losses.
Shareholders should note the company is facing going concern risks with cumulative losses and regulatory non-compliance with RBI norms. The FY26 profit turnaround is minimal at ₹2.10 lakhs, while the company sold assets at below-market rates. Negative equity of ₹533.66 lakhs indicates significant capital erosion.