Revised Outcome of Board Meetinh held on February 16, 2026
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The Board of Leading Leasing Finance and Investment Company approved increasing the authorised share capital from Rs. 60 crore to Rs. 115 crore (60 crore shares to 115 crore shares of Re. 1 each), subject to shareholder approval. It also approved issuing 40 crore equity shares at Rs. 5 each (Rs. 1 face value + Rs. 4 premium) to two non-promoter allottees by converting their existing unsecured loans into equity, and a separate fresh preferential allotment of 5 crore equity shares at Rs. 5 each to four other non-promoter allottees. Altogether, about 45 crore new shares will be issued, vastly expanding the equity base from the current ~21.24 lakh shares. An Extra-Ordinary General Meeting has been fixed for March 18, 2026 to seek shareholder approval for all these items.
This is a massive equity dilution for existing shareholders — total shares will jump roughly 200-fold, severely reducing current holdings on a percentage basis. The conversion of unsecured loans into equity may ease debt on the books, but the fresh preferential issue at a premium of Rs. 4 brings in new capital only from a small group of non-promoter allottees. Shareholders should scrutinise the pricing, the identity of allottees, and the rationale before voting at the EGM on March 18, 2026.