India Lease Development Ltd Approves Annual General Meeting Notice and Reviews Financial Results
India Lease Development Ltd (ILDL) held a Board meeting on August 11, 2026, where directors considered several key operational decisions and approved the notice for the upcoming Annual General Meeting (AGM). The company also released the Limited Review Report of its unaudited financial results for the quarter ending June 30, 2026.The Board meeting addressed critical governance matters, including the approval of the notice for the 41st AGM, scheduled to be held on September 24, 2026. The company’s Director’s Report, along with its annexed Corporate Governance Report and Management Discussions and Analysis for the financial year ended March 31, 2026, was also approved by the Board.
Key approvals passed during the meeting included the re-appointment of Shri Rohit Madan as Manager, Company Secretary, and CFO for a further period of three years, effective from April 01, 2027, to March 31, 2030. The board also authorized the appointment of the Statutory Auditors' remuneration and approved all Related Party Transactions (RPTs), including Material RPTs, based on recommendations from the Audit Committee.
The Board further approved the re-appointment of Mr. Sudhir Kumar Agarwal as Internal Auditor for the financial year 2026-2027. In terms of director retirement by rotation, Shri Rajiv Gupta and Ms. Sumana Verma were deemed eligible for re-appointment at the forthcoming AGM.
Financial Review Highlights
The unaudited financial results for the quarter ended June 30, 2026, were reviewed by statutory auditors. The limited review report highlighted that the Company did not satisfy the Principal Business Criteria prescribed under Section 45I(f) of the Reserve Bank of India Act, 1934. This was due to financial assets constituting less than 50% of total assets as at March 31, 2026, and during the quarter ended June 30, 2026.The company's financial results for the quarter are detailed below:
| Particulars | For the Quarter Ended June 30, 2026 (Unaudited) | Quarter Ended March 31, 2026 (Audited) | Quarter Ended June 30, 2025 (Unaudited) | Year Ended 31.03.2026 (Audited) |
|---|---|---|---|---|
| Dividend Income | 12.20 | 12.58 | 12.52 | - |
| Rental Income | 0.20 | 0.26 | 0.23 | - |
| Net gain on derecognition of financial instruments under amortised cost category A | 324 | 9.13 | - | - |
| Total Revenue from Operations | 15.64 | 21.97 | 12.75 | - |
| Misc Income | 0.01 | 0.30 | 0.01 | - |
| Total Income (1 + II) | 15.65 | 2227 | 12.76 | - |
| Total Expenses | 18.30 | 16.16 | 18.28 | - |
| Profit/ (Loss) before Exceptional items and tax | (2.65) | 6.11 | (5.52) | - |
| Net Profit / (Loss) for the period from continuing operations | (2.65) | 6.11 | (5.52) | 2.10 |
| Total Comprehensive Income for the period | (2.65) | (34.14) | (5.52) | (73.95) |
The Limited Review Report also noted that all financial results were prepared on a going concern basis despite cumulative losses, as management believes realization of assets will allow payoff of all liabilities.
Stock Price Movement
As of 14:50, shares of India Lease Development Ltd are ticking up by 4.14%, currently trading at ₹8.05.The stock has seen intraday volatility, having ranged from a high of ₹8.11 down to the current low of ₹8.05.
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