The Outcome along with proceeding of 32nd AGM.
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Awaiting price reaction for this filing.
Gowra Leasing & Finance Ltd held its 32nd AGM on August 20, 2025, via video conferencing, with 32 members participating representing 22,65,884 shares (about 40.54% of total capital). The company had a total of 2,300 shareholders on the cut-off date of August 13, 2025. Ten resolutions were passed, including adoption of FY25 audited financial statements, re-appointment of directors, appointment of a new director (Shri Subbaraj Gowra) and secretarial auditors. Shareholders also approved an increase in authorised share capital and issuance of equity shares through preferential issue, material related party transactions for borrowing, and continuation of two directors who have crossed the age of 75. Managing Director Srinivas Gowra was re-appointed, though he was absent from the meeting and had requested leave of absence. Detailed voting results by the scrutinizer will be filed separately.
Approval of equity issuance through preferential issue may lead to dilution for existing shareholders, while the related party borrowing approvals signal continued intra-group funding activity. Re-appointment of the Managing Director ensures leadership continuity, and investors should watch for the detailed voting results to gauge the strength of shareholder support on the share issuance resolution.