Leading Leasing Finance And Investment Company Ltd (540360)
Q2 FY27 results
📅 Next results: 22 Oct 2026 (board meeting)Leading Leasing Finance And Investment Company Ltd's board meets on 22 Oct 2026 to consider its Q2 FY27 results (July-September 2026).
In its latest reported quarter, Q1 FY27, Leading Leasing's net interest income was ₹111 Cr, and net profit ₹-20.4 Cr (against a profit a year earlier).
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Net interest income | ₹111 | — | +123.4% |
| Operating profit | ₹-20.4 | — | — |
| Net profit | ₹-20.4 | to loss | loss widened |
| EPS (₹) | -0.36 | to loss | loss widened |
📢 Recent Corporate Announcements
Leading Leasing Finance and Investment Company Ltd submitted a compliance undertaking under Regulation 57(5) of SEBI LODR for the quarter ended September 30, 2026. The company confirmed that requirements regarding interest, dividend, or principal obligations on non-convertible securities are not applicable as it has no outstanding non-convertible securities. This is a routine quarterly regulatory declaration with zero financial or operational impact.
- Compliance certificate submitted under Regulation 57(5) of SEBI LODR Regulations, 2015
- Applicable for the quarter ended 30th September 2026
- Declared nil outstanding non-convertible securities during the quarter
- Filed to BSE (Scrip Code: 540360) and MSEI on 12-10-2026
Leading Leasing Finance and Investment Company announced that Mr. Ketanbhai Shivabhai Gosai resigned from his dual role as Managing Director and Chief Financial Officer effective 8th October 2026 due to other professional commitments. Concurrently, the Board has appointed Mr. Satish Sahadev Kalmaste as MD for a term of 5 years (until 7th October 2031) and CFO effective 8th October 2026. Mr. Kalmaste holds a B.Com degree with over 11 years of experience in accounts, finance, and income tax, and owns zero shares in the company. This management transition occurs amid volatile financial performance, following a Rs 20.36 Cr loss reported in Q1 FY27 (June 2026).
- Ketanbhai Shivabhai Gosai resigned as MD and CFO effective close of business hours on 8th October 2026.
- Satish Sahadev Kalmaste appointed as MD for a 5-year term from 8th October 2026 to 7th October 2031, subject to shareholder approval.
- Satish Sahadev Kalmaste concurrently appointed as Chief Financial Officer (CFO) effective 8th October 2026.
- Incoming MD & CFO holds 0 shares in the company and brings over 11 years of experience in Accounts, Finance, and Income Tax.
- Board meeting approving the appointments commenced at 03:30 PM and concluded at 04:00 PM on 8th October 2026.
Leading Leasing Finance and Investment Company announced that Mr. Ketanbhai Shivabhai Gosai resigned from his dual role as Managing Director and Chief Financial Officer effective 8th October 2026 due to other professional commitments. Concurrently, the Board has appointed Mr. Satish Sahadev Kalmaste as MD for a term of 5 years (until 7th October 2031) and CFO effective 8th October 2026. Mr. Kalmaste holds a B.Com degree with over 11 years of experience in accounts, finance, and income tax, and owns zero shares in the company. This management transition occurs amid volatile financial performance, following a Rs 20.36 Cr loss reported in Q1 FY27 (June 2026).
- Ketanbhai Shivabhai Gosai resigned as MD and CFO effective close of business hours on 8th October 2026.
- Satish Sahadev Kalmaste appointed as MD for a 5-year term from 8th October 2026 to 7th October 2031, subject to shareholder approval.
- Satish Sahadev Kalmaste concurrently appointed as Chief Financial Officer (CFO) effective 8th October 2026.
- Incoming MD & CFO holds 0 shares in the company and brings over 11 years of experience in Accounts, Finance, and Income Tax.
- Board meeting approving the appointments commenced at 03:30 PM and concluded at 04:00 PM on 8th October 2026.
Leading Leasing Finance and Investment Company announced that Mr. Ketanbhai Shivabhai Gosai resigned from his dual role as Managing Director and Chief Financial Officer effective 8th October 2026 due to other professional commitments. Concurrently, the Board has appointed Mr. Satish Sahadev Kalmaste as MD for a term of 5 years (until 7th October 2031) and CFO effective 8th October 2026. Mr. Kalmaste holds a B.Com degree with over 11 years of experience in accounts, finance, and income tax, and owns zero shares in the company. This management transition occurs amid volatile financial performance, following a Rs 20.36 Cr loss reported in Q1 FY27 (June 2026).
- Ketanbhai Shivabhai Gosai resigned as MD and CFO effective close of business hours on 8th October 2026.
- Satish Sahadev Kalmaste appointed as MD for a 5-year term from 8th October 2026 to 7th October 2031, subject to shareholder approval.
- Satish Sahadev Kalmaste concurrently appointed as Chief Financial Officer (CFO) effective 8th October 2026.
- Incoming MD & CFO holds 0 shares in the company and brings over 11 years of experience in Accounts, Finance, and Income Tax.
- Board meeting approving the appointments commenced at 03:30 PM and concluded at 04:00 PM on 8th October 2026.
Leading Leasing Finance and Investment Company announced that Mr. Ketanbhai Shivabhai Gosai resigned from his dual role as Managing Director and Chief Financial Officer effective 8th October 2026 due to other professional commitments. Concurrently, the Board has appointed Mr. Satish Sahadev Kalmaste as MD for a term of 5 years (until 7th October 2031) and CFO effective 8th October 2026. Mr. Kalmaste holds a B.Com degree with over 11 years of experience in accounts, finance, and income tax, and owns zero shares in the company. This management transition occurs amid volatile financial performance, following a Rs 20.36 Cr loss reported in Q1 FY27 (June 2026).
- Ketanbhai Shivabhai Gosai resigned as MD and CFO effective close of business hours on 8th October 2026.
- Satish Sahadev Kalmaste appointed as MD for a 5-year term from 8th October 2026 to 7th October 2031, subject to shareholder approval.
- Satish Sahadev Kalmaste concurrently appointed as Chief Financial Officer (CFO) effective 8th October 2026.
- Incoming MD & CFO holds 0 shares in the company and brings over 11 years of experience in Accounts, Finance, and Income Tax.
- Board meeting approving the appointments commenced at 03:30 PM and concluded at 04:00 PM on 8th October 2026.
Leading Leasing Finance and Investment Company Ltd announced that its Board of Directors approved shifting its registered office within Mumbai. The address moves from Andheri West (Mumbai 400053) to Ghatkopar West (Mumbai 400086), effective October 7, 2026. The board meeting was held on October 7, 2026, commencing at 04:00 PM and concluding at 04:40 PM. This is an administrative relocation with no direct financial impact on the company's business operations.
- Registered office shifted from Andheri West to Ghatkopar West effective October 7, 2026
- New address is Office No. 8, 1st Floor, Shreepal Complex, MG Road, Ghatkopar West, Mumbai-400086
- Board meeting commenced at 04:00 PM and concluded at 04:40 PM on October 7, 2026
Leading Leasing Finance and Investment Company has approved the appointment of Mr. Sandesh Subhash Namase as Non-Executive Director and Chairperson effective 6th October 2026. This follows the resignation of Mr. Deepak Saushi from the post of Non-Executive Director and Chairperson on the same date, citing pre-occupancy and other commitments. Sandesh Namase brings over 10 years of experience in accounting, taxation, and administration, and holds zero shares in the company. The board meeting addressing these changes lasted 30 minutes, concluding at 04:30 PM.
- Appointment of Mr. Sandesh Subhash Namase as Non-Executive Director and Chairperson w.e.f. 6th October 2026
- Resignation of Mr. Deepak Saushi as Non-Executive Director & Chairperson w.e.f. close of business hours on 6th October 2026
- Sandesh Namase has over 10 years of experience in accounting, taxation, and administration, and holds NIL shares
- The Board Meeting commenced at 04:00 PM and concluded at 04:30 PM on 6th October 2026
Leading Leasing Finance and Investment Company has approved the appointment of Mr. Sandesh Subhash Namase as Non-Executive Director and Chairperson effective 6th October 2026. This follows the resignation of Mr. Deepak Saushi from the post of Non-Executive Director and Chairperson on the same date, citing pre-occupancy and other commitments. Sandesh Namase brings over 10 years of experience in accounting, taxation, and administration, and holds zero shares in the company. The board meeting addressing these changes lasted 30 minutes, concluding at 04:30 PM.
- Appointment of Mr. Sandesh Subhash Namase as Non-Executive Director and Chairperson w.e.f. 6th October 2026
- Resignation of Mr. Deepak Saushi as Non-Executive Director & Chairperson w.e.f. close of business hours on 6th October 2026
- Sandesh Namase has over 10 years of experience in accounting, taxation, and administration, and holds NIL shares
- The Board Meeting commenced at 04:00 PM and concluded at 04:30 PM on 6th October 2026
Leading Leasing Finance and Investment Company has approved the appointment of Mr. Sandesh Subhash Namase as Non-Executive Director and Chairperson effective 6th October 2026. This follows the resignation of Mr. Deepak Saushi from the post of Non-Executive Director and Chairperson on the same date, citing pre-occupancy and other commitments. Sandesh Namase brings over 10 years of experience in accounting, taxation, and administration, and holds zero shares in the company. The board meeting addressing these changes lasted 30 minutes, concluding at 04:30 PM.
- Appointment of Mr. Sandesh Subhash Namase as Non-Executive Director and Chairperson w.e.f. 6th October 2026
- Resignation of Mr. Deepak Saushi as Non-Executive Director & Chairperson w.e.f. close of business hours on 6th October 2026
- Sandesh Namase has over 10 years of experience in accounting, taxation, and administration, and holds NIL shares
- The Board Meeting commenced at 04:00 PM and concluded at 04:30 PM on 6th October 2026
Leading Leasing Finance and Investment Company has decided to withdraw its in-principle approval applications submitted to BSE and MSE. The withdrawn applications were for the allotment of 35,71,42,856 equity shares pursuant to conversion of existing debt/loans and 70,93,57,119 convertible warrants. This planned transaction would have represented a massive equity issuance (over 106.6 crore total potential shares) compared to the company's current market cap of Rs 67 Cr. Consequently, the proposed debt conversion and warrant capital infusion will not proceed in their current form.
- Withdrew in-principle application for allotment of 35,71,42,856 equity shares via loan conversion
- Withdrew in-principle application for 70,93,57,119 convertible warrants
- Total potential shares/warrants withdrawn stand at 1,06,64,99,975 units
- Board meeting commenced at 04:30 PM and concluded at 05:00 PM on October 5, 2026
Leading Leasing Finance and Investment Company Ltd has issued its FY26 Annual Report and AGM notice scheduled for September 26, 2026. Key special resolutions include increasing the authorised share capital from Rs 60.00 Cr to Rs 164.00 Cr. The company also seeks shareholder approval to issue up to 35,71,42,856 equity shares to non-promoters upon conversion of outstanding unsecured loans, alongside 70,93,57,119 convertible warrants on a preferential basis.
- Proposed increase in authorised share capital from Rs 60.00 Cr to Rs 164.00 Cr (164 Cr equity shares of Rs 1 each)
- Issuance of up to 35,71,42,856 equity shares on preferential basis upon conversion of outstanding unsecured loans
- Issuance of up to 70,93,57,119 convertible warrants on a preferential basis to non-promoter category
- 42nd Annual General Meeting scheduled for Saturday, September 26, 2026 at 11:30 AM IST
Leading Leasing Finance has issued a notice for its 42nd AGM on September 26, 2026, seeking shareholder approval for major capital structure changes. The company plans to increase its authorized share capital from ₹60 crore to ₹164 crore. Additionally, it proposed issuing up to 35.71 crore equity shares at ₹1.40 each (aggregating ₹50 crore) to two non-promoter entities via conversion of unsecured loans, along with the issuance of 70.94 crore convertible warrants.
- Conversion of ₹50.00 crore unsecured loans into 35,71,42,856 equity shares at ₹1.40 per share (FV ₹1 + ₹0.40 premium)
- Proposed increase in authorized share capital from ₹60.00 crore to ₹164.00 crore
- Issuance of 70,93,57,119 convertible warrants on a preferential basis to non-promoters
- AGM scheduled for September 26, 2026, to vote on debt conversion, warrant issue, and MD re-appointment
Leading Leasing Finance and Investment Company Ltd has announced the closure of its share transfer books and register of members from September 20, 2026, to September 26, 2026, for its 42nd Annual General Meeting (AGM). The AGM is scheduled to be held on September 26, 2026. The cut-off date to determine member voting entitlement is set for September 19, 2026, with remote e-voting open from September 23 to September 25, 2026.
- 42nd Annual General Meeting (AGM) scheduled for September 26, 2026
- Book closure period fixed from September 20, 2026 to September 26, 2026 (both days inclusive)
- Cut-off date for electronic voting entitlement established as September 19, 2026
- Remote e-voting window active from September 23, 2026 (09:00 AM) to September 25, 2026 (05:00 PM)
Leading Leasing Finance and Investment Company Ltd has approved a major capital restructuring and fundraise. The board approved increasing the authorized share capital from Rs 60 Cr to Rs 164 Cr. It approved issuing 35.71 Cr equity shares at Rs 1.40 per share (worth ~Rs 50 Cr) via conversion of unsecured loans to 2 non-promoter lenders, alongside 70.94 Cr convertible warrants at Rs 1.40 per warrant (worth ~Rs 99.3 Cr) to 51 non-promoter investors. The combined total issue of Rs 149.3 Cr significantly exceeds the company's current market cap of Rs 57 Cr.
- Increase in authorized share capital from Rs 60 Cr to Rs 164 Cr (164 Cr shares of Re 1 each).
- Issuance of up to 35.71 Cr equity shares at Rs 1.40 each (~Rs 50 Cr) via conversion of unsecured loans to 2 non-promoter allottees.
- Issuance of up to 70.94 Cr convertible warrants at Rs 1.40 each (~Rs 99.31 Cr) on a preferential basis to 51 non-promoter allottees.
- Warrants are convertible into equity shares within 18 months from allotment.
- All proposals are subject to shareholder approval at the 42nd AGM with remote e-voting from Sept 23 to Sept 25, 2026.
Leading Leasing Finance and Investment Company Ltd has scheduled a Board of Directors meeting on August 27, 2026. The board will evaluate an increase in authorized share capital and discuss proposals for raising funds via equity shares, convertible instruments, warrants, or debt through private placement, preferential issue, or QIP. Additionally, the draft notice for the upcoming Annual General Meeting will be considered.
- Board of Directors meeting scheduled for Thursday, August 27, 2026.
- Agenda includes proposal to increase authorized share capital and amend Memorandum of Association.
- Evaluating fundraising options via equity, convertible bonds, debentures, warrants, or QIP/preferential issue.
- Board will also consider and approve the draft Notice of the Annual General Meeting.
Financial Performance
Revenue Growth by Segment
Total revenue from operations grew by 483.19% YoY, rising from INR 4.97 Cr in FY 2023-24 to INR 29.00 Cr in FY 2024-25. Specific segment-wise percentage splits are not disclosed in the available documents.
Profitability Margins
Net Profit Margin for FY 2024-25 was 12.96%, representing a significant contraction from the 42.07% margin recorded in FY 2023-24, despite the surge in total revenue.
EBITDA Margin
Core profitability as reflected by Net Profit grew by 79.66% YoY, reaching INR 3.76 Cr in FY 2024-25 compared to INR 2.09 Cr in the previous year.
Operational Drivers
Raw Materials
Not applicable as the company operates in the financial services and leasing sector.
Capacity Expansion
Not applicable for this business model; however, the company is expanding its business segments into leasing and hire purchase of industrial and office plants, machinery, and real estate.
Strategic Growth
Growth Strategy
The company aims to achieve growth by diversifying its portfolio into leasing and hire purchase of industrial plants, machinery, vehicles, and real estate. It also focuses on attracting and nurturing technical and managerial talent to support its expanding business segments and maintaining a robust internal control system to manage risks associated with industrial financing.
Products & Services
Industrial enterprise financing, leasing and hire purchase of industrial/office plant, machinery, vehicles, and real estate, and investment/trading in shares, stocks, debentures, and government securities.
Brand Portfolio
Leading Leasing Finance and Investment Company Limited.
New Products/Services
Expansion into leasing and hire purchase for manufacturing, processing, transportation, and trading businesses; specific revenue contribution percentages for these new areas are not disclosed.
Market Expansion
The company is targeting the industrial and commercial service sectors for its leasing and hire purchase business, though specific regional targets are not detailed.
External Factors
Industry Trends
The NBFC and leasing industry is currently experiencing high competition. The company is positioning itself for the future by diversifying into asset-backed financing (leasing/hire purchase) to mitigate risks associated with pure unsecured industrial financing.
Competitive Landscape
The company faces intense competition from both domestic financial institutions and international players in the industrial financing and leasing segments.
Competitive Moat
The company's moat is based on its diversified service offering across financing, leasing, and securities trading. This is sustainable as it allows the company to pivot between asset classes depending on market conditions, though it faces heavy competition from larger domestic NBFCs.
Macro Economic Sensitivity
The company's outlook is sensitive to economic developments in India and abroad, particularly those affecting the industrial sector's demand for credit and leased assets.
Consumer Behavior
Shift in industrial behavior toward 'asset-light' models is driving demand for the company's leasing and hire purchase services for machinery and real estate.
Geopolitical Risks
Competition from developed countries is identified as a threat, which may impact the company's ability to secure high-yield financing and leasing deals.
Regulatory & Governance
Industry Regulations
Operations are governed by the RBI Act 1934 (NBFC regulations), Credit Information Companies (Regulation) Act 2005, and the Prevention of Money-Laundering Act 2002.
Legal Contingencies
The secretarial audit confirms compliance with the Companies Act 2013 and SEBI regulations; no specific pending court cases or litigation values were disclosed in the provided documents.
Risk Analysis
Key Uncertainties
The primary uncertainty is the risk involved with the financing and leasing industry, which the management notes is a common threat known to all industry participants. Potential impact on margins could exceed 20% if competition continues to intensify.
Geographic Concentration Risk
The company is headquartered in Mumbai, Maharashtra, but specific revenue concentration by region is not disclosed.
Third Party Dependencies
Dependency on registrars and transfer agents like Purva Sharegistry (India) Pvt. Ltd. for compliance and share-related activities.
Credit & Counterparty Risk
The company faces credit risk from industrial enterprises it finances; however, specific receivables quality or NPA levels are not disclosed.
