Announced Sat, 27 Jun · 19:24 IST
Board approves borrowing of up to Rs 65 Crore from related parties
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-9.7%1-day move
₹125.27
prior close
₹119.01
base price
After-mkt
timing
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————-9.7-14.2-18.5-22.6-21.0-25.0-17.9———
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AI summary
Board of Gowra Leasing & Finance approved borrowing proposals on June 27, 2026. This includes up to Rs 57 Crore via intercorporate loans and up to Rs 33 Crore from directors, totalling Rs 65 Crore from related parties, to be raised in tranches for business operations. The board also cleared the AGM notice and directors report for FY 2025-26. All borrowings require shareholder approval at the upcoming AGM under Sections 180 and 188 of the Companies Act, 2013.
Likely market impact
Shareholders will vote on these related-party borrowings at the AGM. Approval will allow the company to raise additional capital to support business growth.