Outcome of Board Meeting held today i.e., July 14, 2025
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The board of Leading Leasing Finance And Investment Company Ltd approved the conversion of 50,00,000 (50 lakh) convertible warrants into an equal number of equity shares on July 14, 2025. All warrants in this tranche were held by Unico Global Opportunities Fund Limited, which paid Rs. 2.77 crore (Rs. 5.55 per warrant, the balance 75% of the issue price of Rs. 7.40). These warrants were originally allotted on a preferential basis on November 13, 2024 as part of a larger 12.9 crore warrant issue. With this conversion, paid-up equity capital rises to Rs. 54.36 crore (54,35,65,500 shares of Rs. 1 each), and 2.5 crore warrants remain pending for future conversion.
This is a routine completion of a previously announced preferential warrant conversion, resulting in a modest equity dilution of about 50 lakh shares. Shareholders should note that 2.5 crore more warrants are still pending conversion, which could lead to further dilution if exercised. The newly issued shares will rank equally with existing shares.