The Outcome of AGM and Proceeding is enclosed.
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Gowra Leasing & Finance Ltd held its 32nd AGM on August 20, 2025 via video conferencing. Of 2,300 shareholders on the record date, 32 members attended representing 22,65,884 shares (40.54% of capital), with the promoter group holding 40.99%. Managing Director Srinivas Gowra was granted leave of absence; Director Lakshmi Prasad Gowra addressed shareholders on FY24-25 operations and NBFC sector outlook. Members passed 10 resolutions covering adoption of FY25 financial statements, re-appointment of a retiring director, appointment of Secretarial Auditors and a new Director (Subbaraj Gowra), increase in authorised share capital, preferential issue of equity shares, related party transactions for borrowings, continuation of two directors above age 75, and re-appointment of Srinivas Gowra as Managing Director. Detailed voting results (remote e-voting + e-voting at AGM) are to be shared later.
The preferential issue and authorised capital increase signal potential equity dilution for existing shareholders, while the related-party borrowing approval raises governance considerations. Re-appointment of the Managing Director and continuation of senior directors provide continuity, but the pending voting results will confirm shareholder sentiment on these key resolutions.