It is to inform that the Board of Directors at their Meeting held on 19th July, 2025 has inter alia approved the issue of equity shares on Preferential Basis.
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The Board of Directors of Gowra Leasing & Finance Ltd, at its meeting on July 19, 2025, approved a preferential issue of up to 24,97,500 equity shares at INR 120 per share (face value INR 10, premium INR 110), aggregating to about INR 29.97 crore. The shares will be allotted to 72 allottees, predominantly members of the promoter/promoter group and their related entities, with a few non-promoter individuals and firms. The Board also approved an increase in authorised share capital from INR 6 crore to INR 10 crore, and the draft notice for the upcoming Annual General Meeting. For Q1 FY26 (quarter ended June 30, 2025), the company reported total revenue of INR 262.25 lakh (up from INR 73.26 lakh YoY) and net profit of INR 129.09 lakh (up from INR 40.14 lakh YoY), translating to EPS of INR 2.37 versus INR 1.34 in the corresponding quarter last year.
The preferential allotment is largely to promoter-related entities, so it is essentially a capital infusion from existing promoter family/group to strengthen the company's capital base, which is mildly positive for shareholders. The Q1 FY26 numbers show strong year-on-year growth in both interest income and profits. Existing shareholders should note potential dilution of roughly 24% on a fully allotted basis, subject to shareholder and regulatory approvals.