Pursuant to Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, attached herewith the 32nd Annual Report 2024-25 along with the Notice of the ....
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Gowra Leasing & Finance Ltd (BSE: 530709) has filed its 32nd Annual Report for FY 2024-25 along with the 32nd AGM notice. The AGM will be held on Wednesday, August 20, 2025 at 4:00 PM via video conferencing, with a record date of August 13, 2025 for e-voting eligibility. Key resolutions include adoption of FY25 audited financials, re-appointment of directors, appointment of new secretarial auditors, an increase in authorised share capital from Rs. 6 crore to Rs. 10 crore, and approval to borrow up to Rs. 25 crore from related companies and Rs. 10 crore from directors at interest up to 12% per annum. The notice also seeks shareholder approval for a preferential issue of up to 24,97,500 equity shares at Rs. 120 per share (face value Rs. 10, premium Rs. 110), aggregating Rs. 29.97 crore, primarily to promoter and promoter group entities. Re-appointment of Shri Gowra Srinivas as Managing Director for 5 years effective June 30, 2026 is also on the agenda.
The preferential issue of Rs. 29.97 crore at a premium of Rs. 110 per share will dilute existing shareholders while bringing in capital largely from promoter entities, potentially strengthening the promoter group's holding. The increase in authorised capital and expanded related-party borrowing limits signal growth funding plans, though the related-party transactions warrant shareholder scrutiny.