Further to the prior intimation made by the Company under Regulation 29 of the SEBI Listing Regulations on Saturday, July 12, 2025 for rescheduling of Board Meeting and pursuant to Regulation ....
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The board of Gowra Leasing & Finance met on July 19, 2025 (rescheduled from July 12) and approved unaudited financial results for Q1 FY26. Total revenue from operations jumped to Rs 261.60 lakh vs Rs 69.16 lakh in Q1 FY25, an increase of about 278%. Profit after tax rose to Rs 129.09 lakh (EPS Rs 2.37) from Rs 40.14 lakh (EPS Rs 1.34) a year ago, a growth of roughly 222%. The board also approved a preferential issue of up to 24,97,500 equity shares at Rs 120 each (face value Rs 10, premium Rs 110) to 72 allottees, raising up to Rs 29.97 crore. The authorised share capital will be raised from Rs 6 crore to Rs 10 crore to accommodate the issue. A large share of the preferential allotment is going to promoter group entities and family members, with the rest to non-promoter investors.
Strong YoY growth in both revenue and profit shows improved business performance, but the large preferential issue at a significant premium will lead to equity dilution for existing shareholders. Existing investors should note that promoter and promoter-group entities are receiving a sizeable portion of the new shares, which may impact shareholding concentration.