StockWatch
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Non Banking Financial Company (NBFC)
Board Meeting16 Jul 2026, 03:00 pm

Leading Leasing Finance Withdraws In-Principle Approval for Share Issuance

AI Summary

Leading Leasing Finance And Investment Company Ltd announced the withdrawal of its In-Principle Approval applications submitted to BSE Limited and Metropolitan Stock Exchange of India Limited. These applications were for the preferential issuance of 40,00,00,000 Equity Shares to the Non-Promoter Category upon conversion of outstanding unsecured loans, and an additional 5,00,00,000 Equity Shares on a preferential basis. The decision was made during a Board of Directors meeting held on July 16, 2026. The meeting commenced at 2:00 PM and concluded at 2:40 PM.

Key Highlights

  • Board meeting held on July 16, 2026.
  • Withdrawal of in-principle approval for share issuance.
  • Applications were for 40 crore equity shares to non-promoters.
  • Additional 5 crore equity shares preferential issuance also withdrawn.