Raising of funds through issuance of 6,63,51,000 (Six Crore Sixty-Three Lakhs Fifty-One Thousand) warrants having face value of Rs. 10/- (Rupees Ten Only) each at an issue price of Rs. ....
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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 11.4 pts more than Nifty Microcap 250 and 12.0 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 Golden Legand Leasing & Finance Ltd has approved raising around Rs. 85.99 crores by issuing 6,63,51,000 share warrants (fully convertible into equity shares) to 23 non-promoter allottees on a preferential basis. Each warrant has a face value of Rs. 10 and is being issued at Rs. 12.96, which includes a premium of Rs. 2.96 per warrant. The warrants can be converted into one equity share each within 18 months from allotment, in one or more tranches. An Extra-Ordinary General Meeting has been scheduled for March 10, 2026 to seek shareholder approval, and a scrutinizer has been appointed for the e-voting process.
This is a sizeable equity dilution event for a small company — once converted, these warrants will add roughly 6.63 crore new shares, materially expanding the share count. Issuing at a small premium to face value is mildly positive, but existing shareholders should weigh the dilution impact on per-share value before the EGM vote on March 10, 2026.