Gujarat Lease Financing Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on July 11, 2025
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Gujarat Lease Financing Limited has notified the 42nd Annual General Meeting scheduled for Friday, July 11, 2025 at 12:30 pm, to be held via video conferencing. The agenda includes adoption of FY25 audited financials, re-appointment of director Saurabh Mashruwala (retiring by rotation), re-appointment of Raghuveer Parakh as Independent Director for a second 5-year term (July 2025 to July 2030), and appointment of M/s. RPAP & Co. as Secretarial Auditor for FY26 to FY30. For FY25, the company reported total income of Rs. 42.32 lakh and a profit after tax of Rs. 5.86 lakh, down from Rs. 8.68 lakh last year. No dividend has been recommended due to accumulated losses, and the company continues to carry a negative net worth of Rs. 406.14 lakh and cumulative losses of Rs. 15,753.78 lakh. E-voting will be available from July 7 to July 10, 2025, with a cut-off date of July 4, 2025.
This is a routine AGM notice with no major business-changing proposals. Shareholders should note the company remains in a loss-making, negative net worth position with no dividend, though annual profit has narrowed losses slightly. The re-appointments of directors and the secretarial auditor are standard governance items requiring shareholder approval.