We hereby submit the Voting Results along with Scrutinizer''s Report for the 32nd AGM of the Company held on 20th August, 2025.
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Gowra Leasing & Finance Limited held its 32nd AGM on August 20, 2025, via video conferencing, where all 10 resolutions were passed with the required majority. A total of 29,14,859 votes were polled (53.44% of outstanding shares), with the promoter group (holding 32,98,905 shares) voting fully in favour on most items. Key resolutions approved include adoption of FY25 audited financials, reappointment of a retiring director, appointment of Shri Subbaraj Gowra as Director, appointment of secretarial auditors, increase in authorised share capital with MOA alteration, approval for material related party transactions on borrowing, continuation of two directors past age 75, reappointment of Shri Srinivas Gowra as Managing Director, and issuance of equity shares on a preferential basis. The promoter group abstained (16,90,960 shares) on three resolutions where they had a stated interest — capital increase, borrowing-related RPTs, and the preferential issue — and public participation was very thin (only about 2% of public shares were polled on those items).
All routine and routine-plus items were cleared, including a preferential equity issue and a higher authorised share capital, which sets the stage for potential capital raising and dilution of existing public shareholders in the future. Approval for material related-party borrowing transactions gives the board more flexibility in funding, and the reappointment of the existing Managing Director signals continuity of current management.