Brijlaxmi Leasing & Finance ltd.

Brijlaxmi Leasing & Finance Ltd. (BRIJLEAS) is a listed, non-deposit accepting Non-Banking Finance Company (NBFC) registered with the RBI for the financial year 2025-26. The company's primary business activities involve finance and investments, including financing, investing in shares, other securities, commodities, and capital market-related activities. It operates solely in the financial services segment within India, with its registered office in Vadodara, Gujarat. For the financial year 2025-26, the company's core operations remained consistent with previous periods.

Key facts

• Primary Revenue Source (FY26): Revenue from operations (primarily interest income) stood at Rs. 265.10 lakhs.
• Scale (FY26): Total Revenue was Rs. 283.56 lakhs, and Total Assets were Rs. 2,840.62 lakhs.
• Promoter Holding (March 31, 2026): Promoters and Promoter Group held 24.58% of the equity shares.
• Regulatory Status: Registered with the RBI as a Non-Deposit Accepting NBFC and categorized as an Investment Company.
• Subsidiaries: The company reported having no subsidiaries, joint ventures, or associate companies.

Recent developments (from concall / AR)

• The company is proactively aligning with new RBI regulations (Non-Banking Financial Companies – Registration, Exemptions and Framework for Scale Based Regulation) Directions, 2025.
• Authorized share capital was increased from Rs. 15 Crores to Rs. 25 Crores during FY26, following a special resolution in September 2025.
• Management anticipates an increase in business volume for the current year (FY27), barring unforeseen circumstances.
• Approval is being sought for a material related party transaction involving granting loans up to Rs. 25 Crores to Asian Petro Products and Exporters Limited for FY 2026-27.

Key risks flagged by management

• General industry and segment-specific risks are acknowledged, with efforts to mitigate them through proper risk management.
• Economic factors such as industrial activity, interest rates, and fund availability could impact the achievement of targets if not supported by government measures.

Pros

• Maintains a strong internal control system commensurate with its size and operations, regularly reviewed by the Audit Committee, and affirmed by independent auditors.
• Proactively complies with RBI directions and corporate governance standards.
• Reported a net profit of Rs. 66.17 lakhs for the financial year 2025-26.

Cons

• The statutory auditor issued a qualified opinion for FY26, citing issues such as balances in loans/advances and trade accounts being subject to confirmation/reconciliation.
• Auditor noted non-recognition of interest income on outstanding loans due to a lack of supporting documents and highlighted non-compliance with Ind AS 19 (Employee Benefits) and TDS provisions.
• A significant amount of loans (Rs. 19.20 Crores principal plus interest) was overdue for more than 90 days, with the auditor stating the company had not taken reasonable steps for recovery.