Board Meeting27 Jun 2026, 07:20 pm
Gowra Leasing Board Approves ₹155 Cr Borrowing Plan
AI Summary
Gowra Leasing & Finance Ltd's Board of Directors met on June 27, 2026, to consider and approve several key proposals. The board approved the draft notice for the Annual General Meeting (AGM), which will seek shareholder approval for borrowings from related parties. Additionally, they approved proposals for borrowing up to ₹57 crore through intercorporate loans, ₹33 crore from Directors, and ₹65 crore from related parties, totaling ₹155 crore. These borrowings are intended to meet fund requirements for better business operations and are subject to shareholder approval at the upcoming AGM. The board also approved the Directors' Reports for the Annual Report 2025-26.
Key Highlights
- Board approved draft notice for AGM seeking shareholder approval for related party borrowings.
- Approved intercorporate loan proposal up to ₹57 crore.
- Approved borrowing up to ₹33 crore from Directors.
- Approved borrowing up to ₹65 crore from related parties.
- Total approved borrowing limit is ₹155 crore, subject to shareholder nod.
Price Impact
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