AGM/EGM30 Jul 2026, 08:31 pm
Gowra Leasing Shareholders Approve Material Related Party Transactions
AI Summary
Gowra Leasing & Finance Ltd's shareholders approved key financial matters at the 33rd AGM on July 30, 2026. This includes authorizing the Board to enter into material related party transactions, with borrowing limits set at ₹32 crore from related companies and ₹33 crore from directors, not exceeding 12% interest. Additionally, shareholders approved the continuation of Shri Pallapotu Sobhanadri as an Independent Director post-75 years and authorized the Board to borrow up to ₹100 crore.
Key Highlights
- Shareholders approved material related party transactions.
- Board authorized to borrow up to ₹32 Cr from related parties.
- Board authorized to borrow up to ₹33 Cr from directors.
- Director Shri Pallapotu Sobhanadri's continuation approved.
- Overall borrowing limit increased to ₹100 Cr.
Price Impact
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