Golden Legend Leasing and Finance Ltd. shares gained 4.93% to ₹9.56 in Wednesday's trading session, marking the third consecutive day of gains for the penny stock. According to latest exchange data, the stock opened flat at ₹9.11 and touched an intraday high of ₹9.56, representing a 9.52% gain over the last three trading sessions. The counter was last seen trading at ₹9.20 with a gain of ₹0.09. Despite broader market weakness with the BSE Sensex tanking 537.83 points to 77,642.89 and the NSE Nifty down 163.55 points to 24,235.15 due to spike in crude oil prices amid US-Iran tensions, Golden Legend continued its upward momentum.
The company announced the incorporation of Gullakkart Private Limited as its wholly owned subsidiary (WOS) to strengthen its digital financial services ecosystem and expand its technology-enabled lending business. As reported by Live Mint, the newly incorporated subsidiary will support the company's digital lending ecosystem and undertake activities related to digital payment solutions. The subsidiary intends to apply for a Prepaid Payment Instrument (PPI) license from the Reserve Bank of India (RBI), subject to necessary regulatory approvals. According to the latest exchange filing, this development marks a significant milestone as it will strengthen the NBFC's digital financial services ecosystem and scale its technology-enabled lending operations.
According to the company's exchange filing reported by Live Mint, once the required approvals are received, the proposed PPI platform is expected to complement its existing lending business by facilitating digital payment solutions for customers. The platform is designed to improve customer convenience and further strengthen the company's technology-driven lending ecosystem. The company has committed to keeping stock exchanges informed of any material developments regarding the proposed PPI platform as required under applicable regulations.
The company reported a sharp improvement in financial performance for both Q4 FY26 and the full financial year ended March 31, 2026. As reported by Live Mint, for the fourth quarter of FY26, revenue from operations stood at ₹13.55 crore compared with ₹1.54 crore in the corresponding quarter last year, marking a growth of nearly 779%. Profit after tax for Q4 FY26 was ₹2.64 crore, compared with a net loss of ₹1.45 crore in the corresponding quarter of FY25. For the full financial year FY26, the company reported revenue from operations of ₹18.36 crore, a substantial increase from ₹93.44 lakh recorded in FY25.
According to Trendlyne data reported by Live Mint, the company's entire shareholding is held by retail investors, with no promoter or institutional ownership. More than 100 retail shareholders holding shares worth over ₹2 lakh collectively owned a 59.84% stake in the company as of the March quarter. The data showed that Meena Ashok Shah, Naresh Kumar, Janki Mukundbhai Patel, and Shanser Pal Singh individually held stakes ranging between 1.64% and 2% at the end of the March quarter. Additionally, 2,113 retail shareholders with holdings worth up to ₹2 lakh collectively owned a 13.33% stake in the company.
