Gowra Leasing & Finance shareholders approved a consolidated borrowing limit of ₹100 crore and authorized material related-party transactions at its 33rd Annual General Meeting (AGM) held on July 30, 2026. The resolutions, passed via video conferencing from the company’s registered office in Secunderabad, empower the Board to raise funds and manage corporate relationships for the coming fiscal year. Additionally, members approved the continuation of Shri Pallapotu Sobhanadri as an Independent Director beyond the age of 75.

The meeting was convened in compliance with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. A total of 46 shareholders attended, representing 3,461,454 equity shares or 44.68% of the total capital. Shri P. Surya Prakash of SPP & Associates served as the scrutinizer for remote e-voting and AGM proceedings under Section 108 of the Companies Act, 2013.

Key Financial Mandates

The most significant operational approvals concerned capital structure flexibility. Shareholders authorized the Board to borrow up to an aggregate limit of ₹100 crore. Concurrently, specific permissions were granted for related-party transactions involving inter-corporate loans and director borrowings. These funds can be raised at an interest rate not exceeding 12% per annum, subject to mutually agreed terms.

Governance and Leadership

Beyond financial authorizations, the AGM addressed key governance matters. Shareholders approved the adoption of the Audited Financial Statements for FY26, along with the reports of the Board of Directors and Statutory Auditors. Shri Dayanand Soma (DIN: 00854522), who retires by rotation, was reappointed as a Director.

In a notable governance decision, members passed a special resolution allowing Shri Pallapotu Sobhanadri (DIN: 01412002) to continue serving as a Non-Executive & Independent Director after attaining the age of 75 years. This approval ensures continuity in leadership, with Sobhanadri also serving as the Audit Committee Chairman.

Meeting Proceedings

The AGM commenced at 4:00 p.m. IST. All directors were present except Shri Subbaraj Gowra, who requested leave. The Board present included Chairman Chandrasekhar Suresh and Managing Director Srinivas Gowra. Remote e-voting was available to shareholders as of the cut-off date of July 23, 2026, running from July 27 to July 29, 2026. The detailed voting results and scrutinizer report are to be shared subsequently.

Gowra Leasing & Finance reported a 123% surge in net profit to ₹288.32 lakh for the quarter ended June 30, 2026, driven by a significant increase in interest income. Revenue from operations rose 51% to ₹395.64 lakh from ₹261.60 lakh in the same period last year, while total revenue increased 75% to ₹459.14 lakh. The improved bottom line was supported by a containment of total expenses at ₹74.70 lakh, a decrease from ₹89.74 lakh a year ago, primarily due to lower finance costs.

The Board of Directors approved the unaudited financial results for Q1FY27 at a meeting held on July 11, 2026. The results were reviewed by the Audit Committee and subjected to a limited review by M/s Dagliya & Co., Statutory Auditors, in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Interest income, the primary driver of revenue, climbed to ₹389.82 lakh from ₹261.57 lakh in the corresponding quarter of the previous year. Other income also saw a substantial rise, reaching ₹63.50 lakh compared to ₹0.65 lakh in Q1FY26. Profit before tax for the period stood at ₹384.44 lakh, a significant improvement over ₹172.51 lakh recorded in the prior year quarter.

The company provided ₹96.12 lakh towards tax expenses, including current tax and adjustments for deferred tax and earlier years. Earnings per share (EPS) for the quarter increased to ₹3.72 from ₹2.37 in the same period last year. The paid-up equity share capital of the company remained stable at ₹774.79 lakh.

The financial statements were prepared in compliance with Indian Accounting Standard 34 (Ind AS 34) and other applicable accounting standards.