Golden Legand Leasing & finance Ltd (509024)
Q2 FY27 results
📅 Next results: 21 Oct 2026 (board meeting)Golden Legand Leasing & finance Ltd's board meets on 21 Oct 2026 to consider its Q2 FY27 results (July-September 2026).
In its latest reported quarter, Q1 FY27, Golden Legand's net interest income was ₹9.2 Cr (-73.6% year on year, -32.1% on the previous quarter), and net profit ₹0.5 Cr (-88.8% year on year).
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Net interest income | ₹9.2 | -73.6% | -32.1% |
| Operating profit | ₹0.8 | — | — |
| Net profit | ₹0.5 | -88.8% | -79.2% |
| EPS (₹) | 0.37 | -88.8% | -79.2% |
📢 Recent Corporate Announcements
Golden Legand Leasing and Finance Ltd has issued newspaper publication intimations regarding its upcoming 42nd Annual General Meeting (AGM). The meeting is scheduled to be held on Monday, September 28, 2026, at 3:00 PM IST through Video Conferencing/Other Audio Visual Means. The notices were published in Active Times (English) and Mumbai Lakshadeep (Marathi) in accordance with SEBI LODR regulations.
- 42nd Annual General Meeting scheduled for September 28, 2026, at 3:00 PM IST
- Meeting to be conducted virtually via Video Conferencing/Other Audio Visual Means
- Newspaper advertisements published in Active Times (English) and Mumbai Lakshadeep (Marathi)
Golden Legand Leasing and Finance Limited's Board approved the appointment of M/s. H. Rajen & Co. as Statutory Auditors for a 3-year term from the 42nd AGM until the 45th AGM, replacing M/s Sunil Vankawala & Associates upon tenure completion. The company scheduled its 42nd Annual General Meeting for Monday, September 28, 2026, via video conferencing. The cut-off date to determine shareholder voting eligibility has been fixed as September 21, 2026. These administrative and compliance resolutions are subject to approval by shareholders at the upcoming AGM.
- Appointment of M/s. H. Rajen & Co. as Statutory Auditors for a 3-year term from 42nd AGM to 45th AGM
- 42nd Annual General Meeting scheduled for Monday, September 28, 2026, at 3:00 PM IST via VC/OAVM
- E-voting cut-off date fixed for Monday, September 21, 2026
- Appointment of M/s. H. Maheshwari & Associates as e-voting scrutinizer
Golden Legand Leasing & Finance reported a sharp 74% YoY decline in Q1 FY27 revenue to ₹9.21 Cr, down from ₹35.95 Cr. Net profit plummeted 89% to ₹0.55 Cr. The statutory auditor issued a severe qualified opinion regarding a ₹75.28 Cr lien on the company's bank account related to suspicious merchant transactions totaling ₹105 Cr. Additionally, the auditor noted a lack of third-party confirmations for the majority of balance sheet items and un-reconciled income recognition, raising significant transparency concerns.
- Revenue from operations fell to ₹9.21 Cr in Q1 FY27 from ₹35.95 Cr in Q1 FY26.
- Net profit decreased to ₹0.55 Cr from ₹4.91 Cr in the same period last year.
- A bank lien of ₹75.28 Cr remains active, which is approximately 5.4x the company's market capitalization of ₹14 Cr.
- Auditor flagged that confirmations for the majority of trade receivables, payables, and loans are yet to be obtained.
- Income was recognized based on internal reports without complete reconciliation with bank transactions.
Golden Legand Leasing reported a sharp decline in Q1 FY27 performance, with revenue falling 74% YoY to ₹9.21 Cr and PAT dropping 89% YoY to ₹0.55 Cr. The statutory auditor issued a qualified opinion due to suspicious merchant transactions resulting in a ₹75.28 Cr lien on the company's ICICI Bank account. This lien amount is extremely material, representing over 500% of the company's current market capitalization of ₹14 Cr. Furthermore, the auditor noted a lack of confirmations for the majority of trade balances and un-reconciled income reports.
- Revenue from operations decreased 74.4% YoY to ₹9.21 Cr from ₹35.95 Cr in the previous year's quarter.
- Net Profit (PAT) fell 88.8% YoY to ₹0.55 Cr compared to ₹4.91 Cr in Q1 FY26.
- Auditor highlighted a ₹75.28 Cr lien on the company's bank account related to suspicious merchant transactions detected in January 2026.
- Contingent liability disclosed at ₹105.00 Cr, which is approximately 7.5x the company's total market capitalization.
- Incorporated a new wholly-owned subsidiary, Gullakkart Private Limited, on April 18, 2026, which is yet to commence operations.
Golden Legand Leasing & Finance Ltd has announced a Board of Directors meeting on July 20, 2026. The primary agenda is to consider and approve the un-audited financial results for the quarter ended June 30, 2026. This is a routine regulatory filing as per SEBI (LODR) Regulations. Investors should note the company's current stock price of Rs 9.4 and its 12-month price return of 23.0%.
- Board meeting scheduled for July 20, 2026, to review Q1 results
- Financial results pertain to the quarter ended June 30, 2026
- Intimation provided on July 15, 2026, in compliance with SEBI Regulation 29
- Meeting will include a Limited Review Report from auditors
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