Please find attached the Notice of 41st Annual General Meeting and the Annual Report for the FY 2024-25.
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Golden Legand Leasing & Finance Ltd has called its 41st Annual General Meeting on Thursday, September 25, 2025 at 2:00 p.m. (IST), to be held via video conferencing. Shareholders will vote on seven resolutions, including adoption of FY 2024-25 audited financials and re-appointment of Mr. Lalit Singh as Director (retiring by rotation). A key resolution seeks to double the company's authorized share capital from Rs. 50 crore (5 crore shares) to Rs. 100 crore (10 crore shares) of Rs. 10 each, paving the way for a potential future fundraising or stock split. Other items include appointing M/s. H. Maheshwari & Associates as Secretarial Auditor for five years, re-appointing Mr. Lalit Singh as Whole-Time Director for five years, revising Managing Director Ms. Divya Singh Kushwaha's pay to a basic salary of up to Rs. 5 lakh per month plus allowances and a performance bonus of up to 100% of annual remuneration, and shifting the registered office from Khar (W), Mumbai to Vashi, Navi Mumbai.
The doubling of authorized share capital is a positive structural step suggesting the company may plan a fundraising, rights issue, or stock split in the near future. The substantial revision in the Managing Director's remuneration and the office relocation to Vashi indicate expansion plans, though the higher pay will impact future expense ratios and should be weighed by shareholders when voting on the special resolutions.