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Gujarat Lease Financing Limited has announced a board meeting to consider and adopt the financial results for the quarter and half-year. The company’s 42nd Annual General Meeting will be held via video conferencing to transact business including the adoption of audited financial statements for FY 2024-25. The Board proposes re-appointment of Saurabh Mashruwala as Director and re-appointment of Raghuveer Parakh as Independent Director for a second term. M/s. RPAP & Co. is recommended for appointment as Secretarial Auditor for five years. The company remains non-operational since FY 1999-2000, generating income primarily from bank deposits and dividends. For FY 2024-25, it reported a profit of ₹5.86 lakh, down from ₹8.68 lakh previously, with negative net worth of ₹406.14 lakh and unsecured borrowings of ₹1000 lakh from a promoter. The financial statements are prepared on a non-going concern basis given the absence of operational business and accumulated losses. Internal controls and compliance systems are in place and effective. No dividend is proposed due to accumulated losses. The Board comprises six non-executive directors, half independent, and key managerial personnel changes include appointment of Meera Gudka as Company Secretary. No material regulatory or legal issues are noted.