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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Golden Legand Leasing & Finance Ltd announced the results of its postal ballot conducted via remote e-voting from April 8 to May 7, 2025, with results declared on May 9, 2025. Three resolutions were put to vote: (1) an ordinary resolution to increase the authorized share capital and amend the MOA, which passed with 99.97% votes in favor (17,23,870 votes polled, 11.59% turnout); (2) a special resolution to re-appoint Ms. Divya Singh Kushwaha as Managing Director for 5 years, passed with 100% votes in favor; and (3) a special resolution to appoint Ms. Neha Kargeti as Non-Executive Independent Director for 5 years, passed unanimously with 100% support. Out of 875 shareholders on record, only public non-institutions participated. Notably, the promoter and promoter group held 0 shares and did not participate in voting.
The increase in authorized share capital suggests the company is preparing for a potential fundraising or equity issuance in the future, which could lead to share dilution. The re-appointment of the Managing Director and induction of a new Independent Director provide board continuity. With only ~11.6% voter turnout and no promoter holdings, the company's shareholder base appears highly dispersed, which may affect governance dynamics.