Golden Legand Leasing Releases Quarterly Results; Notes Reveal Major Contingent Liability and Subsidiary Incorporation
Golden Legand Leasing & Finance Ltd announced its unaudited financial results and Limited Review Report for the quarter ended June 30, 2026. The Board of Directors reviewed and approved the outcomes during a meeting held on July 20, 2026.The company's performance reflected in the quarterly statement showed revenue from operations stand at 921.36 lakhs for the quarter ended June 30, 2026. Profit after tax stood at 54.89 lakhs, with total income matching net sales or revenue from operations.
Financial Highlights (Figures in Lakhs)
The unaudited financial results provide a comparative view of the company’s performance across recent quarters and the full previous fiscal year:| Metric | Q Ended June 30, 2026 | Q Ended March 31, 2026 | Q Ended June 30, 2025 | Year Ended March 31, 2026 |
|---|---|---|---|---|
| Net Sales / Revenue from Operations | 921.36 | 1,355.06 | 3,595.12 | 18,358.82 |
| Total Income | 921.36 | 1,355.06 | 3,595.12 | 18,358.82 |
| Total Expenses | 843.32 | 1,091.93 | 2,909.63 | 16,576.05 |
| Profit Before Tax | 78.04 | 263.13 | 685.49 | 1,782.77 |
| Profit After Tax | 54.89 | 263.71 | 491.37 | 1,029.75 |
Key Operational Developments and Contingent Liability
The Limited Review Report highlighted several key operational events and contingent liabilities:Contingent Transaction: The company detected suspicious transactions involving a merchant aggregating ₹10,500.00 lakhs. Following voluntary settlement of smaller individual claims by the company, this exposure was reduced to ₹7,528.18 lakhs. The company's bank account remains under lien by investigating authorities for this amount. The matter is currently sub judice before the Honble Bombay High Court.
New Subsidiary: During the quarter, Golden Legand incorporated Gullakkart Private Limited as a wholly owned subsidiary on April 18, 2026. The subsidiary has not commenced business operations during the reporting period due to delays in receiving its Permanent Account Number (PAN). As the subsidiary had nil transactions and nil assets/liabilities at June 30, 2026, consolidated financial results for the quarter were not prepared.
The statutory auditors issued a Limited Review Report on the Standalone Unaudited Quarterly Financial Results, noting that while the company's management reported income based on internal reports, reconciliation of such income with related bank transactions across various banks is ongoing.
Stock Price Movement
Golden Legand Leasing & finance Ltd. shares settled at ₹9.28 after the close of trading today, registering a decline of 0.75%. The stock demonstrated volatility during the session, which saw it trade between an intraday low of ₹9.00 and a high of ₹9.99.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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