We are submitting the proceedings of the EGM of the Company held on 09.12.2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
GDL Leasing & Finance held its first EGM of FY26 on December 9, 2025 via video conferencing, attended by 19 members. Two resolutions were put forward: (1) an ordinary resolution to increase the authorised share capital from Rs. 5.5 crore to Rs. 10 crore by creating 45 lakh additional equity shares of Rs. 10 each, and (2) a special resolution to issue up to 49.5 lakh convertible warrants on a preferential basis at Rs. 11.20 per warrant to promoter and non-promoter groups, potentially raising up to Rs. 5.54 crore. The company stated the funds will help meet the RBI's Net Owned Fund requirement of Rs. 10 crore (per the March 17, 2022 notification), besides funding working capital and business expansion. Pricing was based on a valuation by registered valuer Mr. Manish Manwani, with the relevant date fixed as November 7, 2025. E-voting was held, with results to be declared by December 11, 2025.
If approved, the preferential warrant issue could dilute existing shareholders by up to around 47% on a fully converted basis, but signals the company's intent to strengthen its capital base to comply with RBI's NBFC capital norms and fund growth. Pending voting results may move the stock when announced.