Please find attached herewith the Annual Report of the Golden legand Leasing and Finance Limited for the FY 2024-25.
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Golden Legand Leasing & Finance Ltd has informed BSE that its 41st AGM will be held on Thursday, September 25, 2025 at 2:00 p.m. through video conferencing, along with the Annual Report for FY 2024-25. Shareholders will vote on adoption of audited financial statements and re-appointment of Mr. Lalit Singh as a director (retiring by rotation). Key proposals include a doubling of authorised share capital from Rs. 50 crore to Rs. 100 crore (5 crore to 10 crore equity shares of Rs. 10 each), re-appointment of Mr. Lalit Singh as Whole-Time Director for five years, and appointment of M/s. H. Maheshwari & Associates as Secretarial Auditor for five years (FY 2025-26 to FY 2029-30). The company also seeks shareholder approval to revise the remuneration of Managing Director Ms. Divya Singh Kushwaha (basic salary up to Rs. 5 lakh/month, HRA up to Rs. 2.5 lakh/month, other allowances up to Rs. 5 lakh/month, plus a performance bonus of up to 100% of annual pay) and to shift the registered office from Khar West, Mumbai to Vashi, Navi Mumbai. Remote e-voting runs from September 21 to September 24, 2025, with the cut-off date set as September 18, 2025.
Routine AGM filings, but the doubling of authorised share capital signals a likely future fundraising or stock split, which could dilute existing shareholders. The hike in MD remuneration and the registered office shift to Vashi are administrative but worth noting for small shareholders tracking management costs.