Voting Results of the 1st Extra Ordinary General Meeting for the Financial Year 2025-26 held on 9th December 2025.
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GDL Leasing & Finance held its 1st EGM of FY 2025-26 on December 9, 2025 via video conferencing. Two resolutions were put to vote. Resolution 1, an Ordinary Resolution to increase the Authorized Share Capital of the company, was approved by shareholders with 78.57% votes in favour (34,16,799 votes from 14 members) versus 21.43% against (9,31,849 votes from 11 members). Resolution 2, a Special Resolution to issue up to 49,50,000 convertible warrants on a preferential basis to promoter and non-promoter group, was rejected by shareholders with only 38.49% votes in favour (5,83,014 votes from 11 members) versus 61.51% against (9,31,849 votes from 11 members), with an additional 29,33,775 votes declared invalid. The scrutinizer was M/s Akash & Co., Company Secretaries.
Shareholders rejected the company's plan to issue up to 49.5 lakh convertible warrants to promoters and non-promoters on a preferential basis, which blocks a potential fundraising route. The approved increase in authorized share capital gives the company room for future fundraising, but the immediate dilution plan has been put on hold, which may affect near-term capital raising plans.