Notice of the Extra-ordinary General Meeting of the Company scheduled to be held on Tuesday, December 09, 2025.
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GDL Leasing & Finance Ltd has called an Extra-Ordinary General Meeting on December 9, 2025 at 3:00 PM via video conferencing. Two key items are on the agenda. First, the company proposes to increase its authorized share capital from ₹5.5 crore to ₹10 crore by adding 45 lakh new equity shares of ₹10 each. Second, the company plans to issue up to 49.5 lakh convertible warrants at ₹11.20 per warrant, aggregating up to ₹5.54 crore, on a preferential basis to promoter Prem Kumar Jain (23.2 lakh warrants) and 7 non-promoter entities including family members and HUFs. Each warrant is convertible into 1 equity share (₹10 face value + ₹1.20 premium) within 18 months, with 25% upfront payment and 75% on exercise. The cut-off date for e-voting eligibility is December 2, 2025.
If approved, existing shareholders face potential dilution once the 49.5 lakh warrants are converted into equity shares (nearly doubling the current equity base). However, the capital raise signals upcoming growth or funding plans, and the promoter's participation of ₹2.6 crore shows insider confidence. The preferential issue price of ₹11.20 will be a key reference point for the stock's near-term valuation.