Attached herewith the Notice of 32nd AGM of the Members of the Company, scheduled on Wednesday, August 20, 2025 at 04:00 p.m. through two way video conferencing Facility from the Registered ....
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Gowra Leasing & Finance Limited has called its 32nd AGM on August 20, 2025 at 4:00 PM via video conferencing, with the record date set as August 13, 2025. Shareholders will vote on adopting the FY25 audited financial statements, re-appointing two directors, and appointing M/s SPP & Associates as Secretarial Auditors for five years. The company is seeking approval to raise its authorised share capital from Rs. 6 crore to Rs. 10 crore, alongside a major preferential issue of up to 24,97,500 equity shares at Rs. 120 each (with Rs. 110 premium per share), mobilising up to Rs. 29.97 crore from 72 allottees comprising promoters, promoter group entities, and non-promoters. The notice also seeks approval for related-party borrowings of up to Rs. 25 crore from related companies and Rs. 10 crore from directors at interest not exceeding 12% per annum. Additionally, two directors over 75 years (Dayanand Soma and Gowra Lakshminarayana) require special resolutions to continue, and Managing Director Gowra Srinivas is being re-appointed for five years effective June 30, 2026.
The preferential issue at Rs. 120 per share — a sharp premium over the Rs. 10 face value — and the larger authorised capital indicate a meaningful equity infusion, primarily from promoter-linked entities, which is broadly a confidence signal but also brings dilution to existing non-promoter shareholders. The related-party borrowing approvals show the company will continue relying on internal/promoter funding sources for liquidity.