Company Overview
Golden Legand Leasing and Finance Limited, an RBI-registered NBFC-ICC, reported significant financial improvement in FY26 with a profit turnaround and substantial business expansion.
Financial Performance
FY26 revenue surged to ₹183.59 crore from ₹9.34 crore in FY25, resulting in net profit of ₹10.30 crore compared to a loss of ₹2.20 crore in the previous year. Key metrics showed strong improvement: EBITDA margin expanded to 17.40% (₹31.95 crore), loan portfolio grew to ₹65.49 crore from ₹13.33 crore, and cash reserves increased to ₹25.81 crore. The company wrote off ₹13.03 crore in irrecoverable loans during Q3 FY26.
Capital Structure & Funding
The company increased authorized share capital from ₹35 crore to ₹100 crore and completed a preferential allotment of 6,63,51,000 convertible warrants at ₹12.96 per warrant, raising ₹21.50 crore initially with potential total proceeds of ₹85.99 crore upon full conversion within 18 months. The AGM will consider approval for borrowing limits up to ₹500 crore under Section 180(1)(c).
Contingent Liability & Legal Matters
A significant contingent liability of ₹752.82 crore exists related to merchant transactions with Prime Technologies, resulting in a bank lien on company accounts. The Bombay High Court granted an interim stay on March 12, 2026, and based on legal opinion dated May 27, 2026, management has not made any provision as resource outflow is not deemed probable.
Corporate Governance & AGM
The 42nd Annual General Meeting is scheduled for September 28, 2026 via video conference to approve FY26 financial statements, reappoint directors, appoint statutory auditors (M/s. H. Rajen & Co.), and approve special business resolutions including independent director appointments and managerial remuneration revisions. The company incorporated wholly-owned subsidiary Gullakkart Private Limited to support strategic initiatives.
Business Operations & Outlook
The company expanded its digital lending platforms (Ashapurti Loans, Bade Bhaisab, Saral Sahayak) and plans to deploy 75+ AI-driven applications in FY27. Future targets include ₹10 crore monthly small-ticket personal loans, ₹75 crore monthly secured lending, entry into gold loans by Q4 FY27, and establishing 100+ offline touchpoints. The company maintains 106 employees with 90% engagement score and no POSH complaints.