INDIA LEASE DEVELOPMENT LTD.

Classified as a Non-Banking Financial Company (NBFC) on BSE, India Lease Development has discontinued its hire purchase and leasing business and now operates at a very small scale. FY26 revenue from operations stood at ₹34.90 lakhs (down from ₹65.33 lakhs in FY25) and total income for the year reached ₹65.33 lakhs, with a thin net profit of ₹2.10 lakhs after employee costs (56.1% of revenue) and other operating expenses (45.5% of revenue). Total assets were ₹9.678 crore, but reserves sat deeply negative at ₹(533.66) lakhs, and the auditor flagged non-compliance with RBI's principal business criterion requiring financial assets to be at least 50% of total assets. The remaining activity appears to be managing a small investment book, including an ₹106.89 lakh holding in promoter-group entity The Motor and General Finance Limited, while a ₹35.80 lakh loss was booked on the sale of Jayabharat Credit Limited shares at below-market prices. Management has prepared accounts on a going-concern basis expecting asset realizations to cover liabilities.