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.

Golden legand leasing & finance Limited has announced the resignation of its Chief Executive Officer Jayanta Roy, who served as a Key Managerial Personnel of the company. The resignation becomes effective from the close of business hours on March 23, 2026.

Resignation Details

The company disclosed the leadership change through a formal communication to the Bombay Stock Exchange on March 23, 2025, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Roy cited personal reasons as the primary factor behind his decision to step down from his executive role.

Official Confirmation

In his resignation letter addressed to the Board of Directors, Roy confirmed that there are no material reasons for his resignation beyond the personal circumstances mentioned. The departing CEO expressed his commitment to ensuring a smooth and orderly transition of responsibilities and pledged full cooperation during the handover process.

Regulatory Compliance

The company has fulfilled all disclosure requirements under SEBI regulations, providing comprehensive details about the leadership change. Company Secretary and Compliance Officer Prisha Behal signed the official disclosure, ensuring proper documentation and regulatory compliance.

Company Position

Golden Legand Leasing and Finance Limited has stated that Roy's resignation will not have any material impact on the company's operations. The organization emphasized that there are no other circumstances that could affect the company's business or strategic direction following this leadership transition.