We hereby inform that the stock Exchange i.e. BSE Limited has granted "In Principle" approval vide their letter dated 02nd December, 2025 for issuance of 24,97,500 equity shares to Promoters ....
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Gowra Leasing & Finance Ltd has received 'in-principle' approval from BSE (dated 2 December 2025) to issue 24,97,500 equity shares on a preferential basis. The shares have a face value of Rs. 10 each and will be allotted at a price of not less than Rs. 120 per share, which is 12 times the face value. The allottees include both Promoters and Non-Promoter groups. At the minimum stated price, the total size of the preferential issue works out to approximately Rs. 29.97 crore. The approval is only in-principle, meaning the company still needs to complete allotment, file a listing application within 20 days, and comply with SEBI ICDR Regulations before the shares are listed.
This preferential issue will lead to dilution of existing shareholders once allotted, but the strong premium of Rs. 120 over the Rs. 10 face value suggests promoter confidence and a healthy valuation. The infusion of nearly Rs. 30 crore will strengthen the company's capital base, though investors should watch for the final allotment price and any post-issue share price reaction.