Please Find Enclosed the Outcome of Board Meeting dated 27.05.2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
United Leasing & Industries Limited reported audited standalone results for FY2026 ended March 31, 2026. Revenue from operations declined to Rs 714.14 lakhs from Rs 786.28 lakhs in the prior year, representing approximately 9% revenue decline. Profit after tax dropped significantly to Rs 2.95 lakhs from Rs 11.26 lakhs in FY2025. The auditors from R K Bhalla & Co. issued a qualified opinion due to uncertainty around the valuation of a land parcel valued at Rs 357.05 lakhs, which may be affected by green belt or road widening regulations. The company also approved several compliance policies including Related Party Transaction Policy, Whistle Blower Policy, and Risk Management Policy.
The qualified audit opinion on land valuation and significant PAT decline are negative signals for shareholders, indicating both earnings quality concerns and uncertain asset values. Investors should monitor the regulatory clarity on land classification.