Golden Legand Leasing & Finance approves auditor and borrowing limits in AGM
- Golden Legand Leasing & Finance Ltd held its 42nd AGM on September 28, 2026, via VC/OAVM
- Members approved 8 resolutions including auditor appointment and borrowing limits
- M/s. H. Rajen & Co. appointed as new Statutory Auditors for the company
- Borrowing limits under Section 180(1)(C) of Companies Act, 2013 received shareholder approval
*this image is generated using AI for illustrative purposes only.
Golden Legand Leasing & Finance Limited held its 42nd Annual General Meeting on September 28, 2026, via Video Conferencing. The meeting approved eight resolutions, including the appointment of statutory auditors and revised borrowing limits.
The company convened the meeting in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Ms. Divya Singh Kushwaha, Chairperson and Managing Director, chaired the session. All directors were present except Mr. Ajeet Singh Rathore. Statutory and secretarial auditors also attended the proceedings.
Key resolutions approved
Members considered and approved a total of 8 resolutions, comprising 3 ordinary and 5 special resolutions. These covered financial statement adoption, director appointments, and operational limits.
| Resolution | Details | Type |
|---|---|---|
| 1 | Adoption of audited standalone financial statements for FY26 | Ordinary |
| 2 | Re-appointment of Mr. Jaspal Singh Sidhu as Director | Ordinary |
| 3 | Appointment of M/s. H. Rajen & Co. as Statutory Auditors | Ordinary |
| 4 | Appointment of Mr. Ajeet Singh Rathore as Non-Executive Independent Director | Special |
| 5 | Appointment of Mr. Ashish Anand as Non-Executive Independent Director | Special |
| 6 | Re-appointment of Mr. Hemendra Sharma as Independent Director | Special |
| 7 | Approval of borrowing limits under Section 180(1)(C) of Companies Act, 2013 | Special |
| 8 | Revision in managerial remuneration of CEO Mr. Jaspal Singh Sidhu | Special |
Governance and compliance updates
Ms. Prisha Behal, Company Secretary and Compliance Officer, confirmed the requisite quorum was present throughout the meeting. She noted that the 42nd Annual Report for FY26, including Board and Auditor reports, was made available for electronic inspection. The report was emailed to registered shareholders and uploaded on the company website and BSE portal.
M/s. H. Maheshwari & Associates, Practicing Company Secretaries, served as the scrutinizer for the remote e-voting process. Voting results and the scrutinizer's report are scheduled to be announced by September 30, 2026. The meeting concluded with a vote of thanks to the Chairperson.
Historical Stock Returns for Golden Legand Leasing & Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.76% | -3.95% | -5.99% | -7.72% | -40.33% | -57.09% |
How will the newly approved borrowing limits under Section 180(1)(C) influence Golden Legand Leasing's capital structure and leverage ratios in the upcoming fiscal year?
What strategic objectives are driving the simultaneous appointment of two new Non-Executive Independent Directors, and how might this reshape the board's governance dynamics?
In what ways does the revised managerial remuneration for CEO Mr. Jaspal Singh Sidhu align with the company's long-term performance targets and shareholder value creation?
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