Golden Legand Leasing & Finance Limited has announced major leadership appointments and board restructuring following its board meeting held on March 30, 2026. The company has made strategic appointments to strengthen its management team and enhance corporate governance structures, as communicated to BSE Limited under Regulation 30 of SEBI Listing Obligations & Disclosure Requirements 2015.

Key Leadership Appointments

The board approved the appointment of Mr. Jaspal Singh Sidhu as Chief Executive Officer, designated as Key Managerial Personnel, effective March 30, 2026. The appointment was made based on recommendations from the Nomination and Remuneration Committee.

Mr. Sidhu brings extensive experience, having served as Managing Director of Chandar Logistics and Trading Company (India) Private Limited since 2008. He has also been associated with the company as Executive Director since December 5, 2024.

Board of Directors Enhancement

The company appointed Mr. Ajeet Singh Rathore as Additional Non-Executive Independent Director for his first term of five consecutive years, from March 30, 2026 to March 29, 2031, subject to shareholder approval.

The board confirmed that Mr. Rathore is not debarred from holding directorship by SEBI or any other regulatory authority and is not related to any existing director of the company.

Director Re-appointment

The board approved the re-appointment of Mr. Hemendra Sharma as Non-Executive Independent Director for a second tenure of five consecutive years commencing July 20, 2026, subject to shareholder approval.

Board Committee Reconstitution

Following the changes in board composition, the company reconstituted three key committees effective March 30, 2026:

Meeting Details and Compliance

The board meeting commenced at 4.30 P.M. and concluded at 5.15 P.M. on March 30, 2026. All appointments were made in compliance with Regulation 30 of SEBI Listing Obligations & Disclosure Requirements 2015 and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The meeting outcomes are available on the company's website at https://glflfl.com/ . The company secretary Prisha Behal signed the official communication to BSE Limited regarding these appointments.

Golden Legand Leasing & Finance Limited has completed the allotment of 6,63,51,000 convertible warrants to non-promoter investors, marking a significant capital raising initiative. The Board of Directors approved the allotment on March 27, 2026, following receipt of Rs. 21,49,77,240 as 25% upfront payment from all allottees.

Warrant Allotment Details

The convertible warrants carry the option to subscribe to equity shares in a 1:1 ratio, with each warrant convertible into one equity share having a face value of Rs. 10.00. The warrants were issued at Rs. 12.96 each, including a premium of Rs. 2.96 per warrant.

Major Allottees and Distribution

The preferential allotment was distributed among 23 non-promoter investors, with Spunwell Technology Private Limited receiving the largest allocation of 1,06,50,000 warrants for Rs. 3,45,06,000. Other significant allottees include:

Complete Allottee Breakdown

The comprehensive list includes individual investors such as Jayanta Roy (40,00,000 warrants), Karamjeet Kaur (24,35,000 warrants), and Gurmeet Kaur (24,35,000 warrants). Notable corporate allottees include Mariango Trading Private Limited (35,00,000 warrants), Sandarv Trading Private Limited (40,00,000 warrants), and Ultimate Annex Trading Private Limited (30,70,000 warrants).

Conversion Terms and Compliance

The warrants are convertible into fully paid-up equity shares at any time within 18 months from the allotment date of March 27, 2026. Conversion can be exercised in one or more tranches during this period. Any warrants remaining unconverted after the 18-month period will lapse, and the amounts paid by warrant holders will be forfeited.

The allotment has been conducted in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, and other applicable regulatory guidelines. The Board meeting commenced at 07:30 p.m. and concluded at 10:00 p.m. on March 27, 2026, with all necessary approvals obtained for the preferential allotment to the non-promoter category investors.