Leading Leasing Finance and Investment Company Limited has withdrawn its in-principle approval applications for the preferential allotment of 45 crore equity shares. The Board of Directors approved the withdrawal of applications submitted to BSE Limited and Metropolitan Stock Exchange of India Limited during a meeting held on July 16, 2026. The decision impacts the proposed issuance of 40 crore shares to the Non-Promoter Category upon conversion of outstanding unsecured loans and an additional 5 crore shares on a preferential basis.

The meeting, which commenced at 02:00 P.M. and concluded at 02:40 P.M., was chaired to deliberate on the company's capital-raising strategies. The Board determined that proceeding with the applications was no longer necessary, leading to the formal withdrawal of the requests for approval from both exchanges.

Details of Withdrawn Applications

The applications covered two distinct categories of share allotment. The table below outlines the specific details of the withdrawn proposals:

The withdrawal of these applications signifies a shift in the company's approach to managing its capital structure and unsecured liabilities. By retracting the proposals, the company avoids the dilution of equity that would have resulted from the issuance of these shares.

Board Meeting Proceedings

The Board meeting was convened specifically to address the status of the pending applications. Following the review, the directors unanimously agreed to withdraw the in-principle approval requests. The company has communicated the outcome to the respective exchanges to ensure the records are updated accordingly.

Leading Leasing Finance & Investment Company Limited shareholders have approved the appointment of Ms. Shweta as a non-executive independent director through a remote e-voting process. The resolution received 99.89% of the total valid votes cast, securing the requisite majority for approval. The voting process was conducted between June 3 and July 2, 2026, utilizing the electronic voting system provided by National Securities Depository Limited (NSDL).

The Scrutinizer's report confirms that the company dispatched the postal ballot notice electronically on June 1, 2026, to all members whose names appeared in the register of members as of May 29, 2026. Physical copies of the notice were not distributed, and voting was conducted exclusively through the remote e-voting facility. Following the conclusion of the voting period, the votes were downloaded from the NSDL e-voting website in the presence of two independent witnesses.

Voting Results

The special resolution regarding the appointment of Ms. Shweta [DIN: 10283634] was passed with overwhelming support. A total of 166 equity shareholders cast 29,77,720 votes in favour of the resolution, representing 99.89% of the total valid votes. Conversely, 17 shareholders cast 3,368 votes against the resolution, accounting for 0.11% of the total valid votes. No invalid votes were recorded during the process.

Resolution Breakdown

The scrutinizer, Dharti Patel of Dharti Patel & Associates, has handed over all relevant records related to the postal ballot to the Company Secretary for safe custody. The results of the voting were declared on July 2, 2026, the last date fixed for e-voting.