Loan & Debt27 Jun 2026, 07:30 pm
Gowra Leasing Approves Borrowing Limits Up to ₹155 Cr
AI Summary
Gowra Leasing & Finance Ltd's Board of Directors, in a meeting held on June 27, 2026, approved significant borrowing limits. The company plans to borrow up to ₹57 crore through intercorporate loans, ₹33 crore from directors, and ₹65 crore from related parties. These borrowings, to be raised in tranches, are intended to fund business operations and require shareholder approval at the upcoming Annual General Meeting. The board also approved the draft notice for the AGM and the Directors' Report for the fiscal year 2025-26.
Key Highlights
- Board approved borrowing limits totaling ₹155 crore.
- Funds to be raised via intercorporate loans, directors, and related parties.
- Borrowings are subject to shareholder approval at the AGM.
- Purpose is to meet fund requirements for business operations.
- AGM notice and Directors' Report for FY25-26 also approved.
Price Impact
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