StockWatch
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Non Banking Financial Company (NBFC)
Board Meeting12 Aug 2026, 09:23 pm

Brijlaxmi Leasing & Finance Board Approves Unaudited Q1 FY27 Results

AI Summary

Brijlaxmi Leasing & Finance Ltd announced that its Board of Directors has approved the unaudited standalone financial results for the quarter ended June 30, 2026. The results were reviewed by statutory auditors M/s. Maheshwari & Co. The board meeting took place on August 12, 2026, from 8:15 PM to 8:45 PM. A key point highlighted by the auditors is the company's non-compliance with TDS provisions under the Income-tax Act, 2025, with related balances and liabilities subject to reconciliation. Additionally, interest income on certain loans to financially distressed parties, considered recoverable, has not been recognized.

Key Highlights

  • Board approved unaudited standalone financial results for Q1 FY27.
  • Auditors noted non-compliance with TDS provisions.
  • Interest income on certain loans not recognized due to borrower distress.
  • Company considers loans with unrecognized interest to be fully recoverable.
  • Limited review report issued by M/s. Maheshwari & Co.