LEAP India Limited has announced the outcome of its Board of Directors meeting held on October 26, 2026. The board approved the unaudited financial results for the quarter and half-year ended September 30, 2026. Key decisions also included a re-classification of the company’s authorized share capital and proposed alterations to its Articles of Association, subject to shareholder approval. The company also appointed a new secretarial auditor.
Board Meeting Approves Key Financials and Structural Changes
LEAP India Limited convened its Board of Directors meeting on Monday, October 26, 2026, to consider and approve several pivotal matters. The board officially sanctioned the unaudited financial results (standalone & consolidated) for the quarter and half-year period concluding on September 30, 2026, alongside the limited review reports from the statutory auditor.
Share Capital Re-classification and MOA Amendment
A significant resolution passed was the re-classification of the Company’s authorised share capital from ₹1265,06,66,760/- comprising various series of Equity Shares, Compulsorily Convertible Preference Shares, and Optionally Convertible Redeemable Preference Shares, to ₹1265,06,66,760/- divided into 1265,06,66,760 Equity Shares of face value Re. 1/- each. This re-classification necessitates a consequential alteration of the Capital Clause (Clause V) of the Memorandum of Association (MOA) of the Company, pending shareholder approval.
Proposed Amendments to Articles of Association (AOA)
Furthermore, the Board proposed amendments to the Articles of Association (AOA). This includes the insertion of new Articles 52A to 52G in Part A, to grant special rights to the Promoters, including the right to nominate Directors to the Board and its Committees. Additionally, the entire Part B of the AOA is proposed to be deleted, subject to shareholder approval via special resolution. These changes aim to provide a clear and coherent structure to the AOA.
Appointment of Secretarial Auditor
In other business, the Board approved the appointment of M/s. Reema Tayshete & Associates as the Secretarial Auditor of the Company for a period of five consecutive financial years, commencing from FY 2026-27 till FY 2030-31. This appointment is also subject to shareholder approval. The meeting commenced at 05:00 P.M. and concluded at 06:30 P.M.
Financial Highlights
The standalone financial results for the quarter ended September 30, 2026, show a revenue from operations of ₹1,732.46 million and a profit after tax of ₹180.57 million. The consolidated results for the same period report revenue from operations of ₹2,111.89 million and a profit attributable to owners of the parent of ₹178.04 million.
Source: BSE
