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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 5.8 pts more than Nifty Microcap 250 and 5.7 pts more than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The Board of Directors of Golden Legand Leasing & Finance Ltd, at its meeting held on August 7, 2025, approved raising funds up to Rs. 86 Crores for future business growth. The company may use multiple modes, including a rights issue, private placement, preferential allotment, or qualified institutions placement (QIP), in one or more tranches. The instruments could be equity shares, convertible debentures, warrants, non-convertible debentures (NCDs), or NCDs with warrants, listed or unlisted. No specific securities, pricing, or structure has been finalized yet, and the Board will decide terms later in consultation with advisors, considering market conditions. The proposal is subject to shareholder approval via a special resolution and other regulatory clearances.
This is a forward-looking enabling approval and not a concrete fundraising event. Shareholders may see potential dilution depending on the final mode and pricing chosen, but the actual impact on the stock will only be clear once the company decides on the specific structure and price.