GDL Leasing & Finance Limited has announced a series of significant corporate developments, including its quarterly results, leadership changes, and strategic acquisitions, signaling a transformative phase for the company.

Financial Performance

For the quarter ended September 30, GDL Leasing & Finance reported:

Leadership Changes

The company has undergone several key leadership changes:

• Mr. Rajender Agarwal (DIN: 00850468) has resigned from his position as Independent Director, effective November 11, citing personal reasons.
• Mr. Ashish Jain has stepped down from his role as Chief Financial Officer, also effective November 11.
• Mr. Atul Jain (DIN: 06608095) has been appointed as the new Chief Financial Officer, bringing over 20 years of experience as a business administrator to the role.

Corporate Actions

GDL Leasing & Finance has initiated several significant corporate actions:

1. Increase in Authorized Share Capital: The company plans to increase its authorized share capital from ₹5.5 crores to ₹10 crores, subject to shareholder approval at an upcoming Extraordinary General Meeting (EGM).

2. Preferential Issue of Warrants: The board has approved the issuance of up to 49,50,000 warrants, convertible into an equal number of equity shares, on a preferential basis to both promoter and non-promoter categories. The warrants are priced at ₹11.20 each, potentially raising ₹5.54 crore. This issuance is subject to regulatory and shareholder approvals.

3. Strategic Acquisitions:

   • The company has approved the acquisition of a 100% equity stake in Karma Fintech Private Limited for ₹25 lakhs, which will make it a wholly-owned subsidiary.
   • GDL Leasing & Finance also plans to acquire at least a 51% stake in Accredit Marketplace Private Limited for ₹5,100.

4. Change in Secretarial Auditors: The company has accepted the resignation of C. Gaur and Associates as its secretarial auditors and has appointed Akash & Co. as the new secretarial auditors.

Implications and Outlook

These developments suggest that GDL Leasing & Finance is positioning itself for growth and expansion. The strategic acquisitions, particularly in the fintech and financial consultancy sectors, indicate the company's intent to diversify its service offerings and potentially enter new markets.

The preferential issue of warrants, if fully subscribed and converted, may significantly alter the company's shareholding structure and provide additional capital for its growth initiatives. The increase in authorized share capital further supports this expansion strategy.

The leadership changes, including the appointment of a new CFO with extensive business administration experience, may bring fresh perspectives to the company's financial management and strategic direction.

Investors and stakeholders will likely be watching closely to see how these changes impact GDL Leasing & Finance's performance and market position in the coming quarters. The success of the strategic acquisitions and the company's ability to leverage these new assets may be key factors in determining the long-term value creation from these corporate actions.

GDL Leasing & Finance Limited , a company listed on the Bombay Stock Exchange (BSE), has announced a change in its corporate governance structure. The company's secretarial auditor, M/s. C. Gaur and Associates, has tendered their resignation, effective November 11, 2025.

Key Details of the Resignation

Implications and Next Steps

The resignation of the secretarial auditor is a notable event in the company's corporate governance framework. GDL Leasing & Finance Limited has taken action to comply with regulatory requirements:

1. Regulatory Disclosure: The company has submitted the required regulatory disclosures to the BSE, in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

2. Notification to Authorities: The company has requested that notice of the resignation be given to the concerned registrar of companies and stock exchanges where its equity shares are listed.

3. Immediate Effect: Despite the original appointment spanning from 2025-2026 to 2029-30, the auditors will be relieved from their services with immediate effect.

Management's Response

Prem Kumar Jain, the Managing Director of GDL Leasing & Finance Limited, has officially communicated this change to the BSE. The company has provided detailed information as required by SEBI regulations, demonstrating transparency in its corporate communications.

Auditor's Statement

In their resignation letter, C Gaur & Associates expressed gratitude to the management and board members of GDL Leasing & Finance Limited, wishing the company success in its future endeavors.

This change in the secretarial audit role may require the company to appoint a new auditor to ensure continuity in their corporate governance practices. Stakeholders and investors will likely be interested in how the company addresses this change and maintains its regulatory compliance.