StockWatch
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Non Banking Financial Company (NBFC)
Board Meeting4 Sept 2026, 04:50 pm

GDL Leasing & Finance hikes authorized capital, plans warrant issue

AI Summary

GDL Leasing & Finance Ltd announced that its Board of Directors has approved an increase in the authorized share capital from ₹5.50 crore to ₹8.50 crore. The company also approved a preferential issue of up to 30,00,000 warrants convertible into equity shares at ₹14 per warrant to the non-promoter category. Additionally, Mr. Pankaj Bansal was appointed as an Additional Director (Independent). The Board also fixed the date for the Annual General Meeting (AGM) on September 30, 2026, and set cut-off dates for notice dispatch and remote e-voting.

Key Highlights

  • Authorized share capital increased from ₹5.50 crore to ₹8.50 crore.
  • Approved preferential issue of 30 lakh warrants at ₹14 each.
  • Mr. Pankaj Bansal appointed as Additional Independent Director.
  • AGM scheduled for September 30, 2026.
  • Cut-off dates set for notice dispatch and remote e-voting.