Board Meeting27 Aug 2026, 09:40 pm
Leading Leasing Finance Approves Share Capital Increase & Preferential Issue
AI Summary
Leading Leasing Finance And Investment Company Ltd's Board of Directors met on August 27, 2026, approving a significant increase in authorized share capital from ₹60 Crores to ₹164 Crores. The board also sanctioned the preferential issuance of equity shares and warrants to non-promoters, converting unsecured loans and raising capital at ₹1.40 per share. These proposals are subject to shareholder approval at the upcoming Annual General Meeting (AGM). The company also approved the draft Directors' Report for FY26 and announced the 42nd AGM details, including the date, time, venue, and e-voting period.
Key Highlights
- Authorized share capital increased from ₹60 Cr to ₹164 Cr.
- Approved preferential issuance of equity shares and warrants.
- Conversion of unsecured loans into equity shares proposed.
- 42nd AGM scheduled for September 26, 2025.
- Shareholder approval required for capital and issuance plans.
Price Impact
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