Outcome of the Board Meeting held on February 13, 2026
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Superior Finlease's board, which met on February 13, 2026, approved unaudited Q3 FY26 standalone results with revenue from operations at Rs. 7.99 lakh (slightly up from Rs. 7.82 lakh in Q2 FY26) and a small profit after tax of Rs. 1.52 lakh, recovering from a loss of Rs. 7.49 lakh in Q3 FY25. However, nine-month FY26 revenue fell sharply to Rs. 23.45 lakh versus Rs. 53.81 lakh a year earlier, highlighting a steep decline in business activity. The board also approved raising the authorised share capital from Rs. 5.5 crore to Rs. 10 crore and proposed a preferential allotment of up to 15.64 lakh equity shares at Rs. 5 per share (face value Rs. 1), aggregating to roughly Rs. 78.21 lakh, to six identified investors. An EGM has been scheduled for March 18, 2026, to seek shareholder approval for these proposals.
The preferential issue will bring in around Rs. 78 lakh from six specific investors at a 5x premium to face value, causing only modest dilution (~3-4% on expanded capital). Existing shareholders should note the significant year-on-year drop in nine-month revenue and watch for clarity on the company's growth plans before the EGM vote.