Outcome of Board Meeting held today i.e., November 25, 2025
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Awaiting price reaction for this filing.
The Board of Directors of Leading Leasing Finance and Investment Company approved the conversion of 1,00,00,000 (1 crore) convertible warrants into an equal number of equity shares of Rs. 1 face value each. The company received Rs. 5.55 crore at Rs. 5.55 per warrant (being 75% of the issue price of Rs. 7.40) from allottees Unico Global Opportunities Fund Limited and Forbes EMF. These warrants were originally allotted on 13 November 2024 as part of a 12.90 crore preferential warrant issue. Post this conversion, the paid-up equity share capital has increased to Rs. 56,35,65,500 (56.35 crores) divided into 56,35,65,500 equity shares of Rs. 1 each. 50 lakh warrants still remain pending for conversion.
This results in equity dilution for existing shareholders as 1 crore new shares are issued. The conversion brings in Rs. 5.55 crore of additional capital into the company but increases the share count, which may put downward pressure on earnings per share.