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Awaiting price reaction for this filing.
Golden Legand Leasing & Finance Ltd has declared the results of its Postal Ballot conducted via remote e-voting from April 8 to May 7, 2025. Three resolutions were put to vote, and all passed with overwhelming shareholder support. Resolution 1 (Ordinary): Increase in authorized share capital and amendment to the Memorandum of Association — passed with 99.97% votes in favor (only 593 votes against out of 17,23,870 polled). Resolution 2 (Special): Re-appointment of Ms. Divya Singh Kushwaha as Managing Director for 5 years — passed with 100% votes in favor. Resolution 3 (Special): Appointment of Ms. Neha Kargeti as Non-Executive Independent Director for 5 years — passed unanimously with 100% votes in favor. Notably, the promoter group holds zero shares, and only 11.59% of outstanding shares were polled, with voting entirely coming from public non-institutional shareholders.
Shareholders have approved an increase in authorized share capital, giving the company future flexibility to raise funds or issue bonus shares. The board has been stabilized with the MD re-appointment and a new independent director onboarded, signaling continuity in governance. Low voter turnout and zero promoter holding suggest the stock may have limited institutional interest, which existing shareholders should keep in mind.