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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Leading Leasing Finance has called an EGM on 18th March 2026 to seek shareholder approval for seven items. These include the regularization of Ms. Prity Bishwakarma as Independent Director, appointment of Mr. Ketankumar Shivabhai Gosai as Managing Director, and regularization of Mr. Deepak Sundarji Saushi as Non-Executive Director (all for 5-year terms starting 12th February 2026). The company also seeks approval to amend loan agreements with two non-promoter lenders (Mr. Kurjibhai Rupareliya and Flyontrip Services Pvt Ltd) to allow conversion of their unsecured loans into equity. To facilitate this, the company proposes increasing its authorized share capital from Rs. 60 crore to Rs. 115 crore and issuing up to 40 crore equity shares at Rs. 5 each (Rs. 200 crore total) to these lenders via loan-to-equity conversion, plus a separate preferential issue of 5 crore shares at Rs. 5 each (Rs. 25 crore) to four Khachar family members.
This EGM is highly dilutive — existing shareholders could see their stake reduced significantly as 45 crore new shares may be issued, with most going to specific non-promoter lenders and investors. The loan-to-equity conversion strengthens the balance sheet by replacing debt with equity, but existing shareholders will face substantial dilution at a price of Rs. 5 per share (a Rs. 4 premium over face value).