Golden Legand Leasing & Finance Limited has successfully completed its Extra-Ordinary General Meeting (EGM) held on March 10, 2026, with shareholders unanimously approving a special resolution for issuing convertible share warrants on preferential basis. The meeting was conducted through video conferencing at 04:30 PM IST, in compliance with applicable provisions of the Companies Act, 2013.

EGM Participation and Voting Results

The company reported significant shareholder participation in the voting process. A total of 28 public shareholders attended the meeting through video conferencing, while no promoter or promoter group members were present. The voting was conducted through both remote e-voting and e-voting during the EGM, with the remote e-voting facility remaining open from March 06, 2026 (9:00 AM IST) to March 09, 2026 (5:00 PM IST).

Resolution Voting Breakdown

The special resolution for issuing convertible share warrants on preferential basis received overwhelming support from shareholders. The detailed voting results demonstrate strong confidence in the company's strategic direction.

Scrutinizer's Report and Compliance

CS Hemant Maheshwari, Proprietor of M/s H. Maheshwari & Associates, served as the appointed scrutinizer for the EGM voting process. The scrutinizer was appointed by the Board of Directors in their meeting held on February 09, 2026. The comprehensive scrutinizer's report, dated March 11, 2026, confirmed that the resolution passed with requisite majority and no invalid votes were recorded.

The e-voting system was provided by Central Depository Services (India) Limited (CDSL), ensuring secure and transparent voting procedures. All shareholders holding shares as of the cut-off date of March 03, 2026, were entitled to participate in the voting process.

Regulatory Compliance and Documentation

The company has fulfilled its obligations under Regulation 30 and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The voting results and scrutinizer's report have been submitted to BSE Limited and are also hosted on the company's website at gllfl.com for stakeholder access.

The successful completion of this EGM marks an important milestone for Golden Legand Leasing & Finance Limited, with the unanimous shareholder approval providing a strong foundation for the company's planned convertible share warrant issuance on preferential basis.

Golden Legend Leasing and Finance Limited announced a major fund raising initiative following its board meeting held on February 09, 2026. The company's board of directors approved raising funds through the issuance of warrants aggregating up to Rs 85,99,08,960, subject to shareholder and regulatory approvals, as disclosed in their official communication to BSE Limited.

Fund Raising Details

The board approved the issuance of 6,63,51,000 warrants with a face value of Rs 10 each at an issue price of Rs 12.96 per warrant, including a premium of Rs 2.96. The warrants will be issued through preferential allotment to non-promoter investors in one or more tranches, in accordance with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2015.

Proposed Allottees Distribution

The preferential issue will be made to 23 non-promoter investors, comprising both corporate entities and individual investors. Spunwell Technology Private Limited emerges as the largest proposed allottee with 1,06,50,000 warrants, followed by Pearl Dealers Private Limited with 49,00,000 warrants and Orchard Road Properties Private Limited with 47,00,000 warrants.

Significant individual allottees include Divya Singh Kushwaha with 80,00,000 warrants, Aprajita Rathore with 41,50,000 warrants, and Jayanta Roy and Adithi Rathore each with 40,00,000 warrants.

Conversion Terms and Regulatory Framework

The share warrants are fully convertible into equity shares, with each warrant convertible into one fully paid-up equity share of the company. The conversion can be exercised at any time within 18 months from the date of allotment, in one or more tranches. Upon conversion, the resulting equity shares will rank pari passu with existing equity shares of the company.

Corporate Governance and Approvals

The board has scheduled an Extraordinary General Meeting for Tuesday, March 10, 2026, to seek shareholder approval for the proposed fund raising. M/s. H. Maheshwari & Associates, Company Secretaries, have been appointed as scrutinizers for conducting remote e-voting and voting during the EGM process. The board also considered a valuation report provided by registered valuer Mr. Neeraj Agarwal (Reg. No. - IBBI/RV/03/2020/13032).

The board meeting commenced at 03:30 p.m. and concluded at 05:30 p.m. on February 09, 2026. This fund raising initiative represents a significant capital expansion move for the company, with the proceeds expected to support its business growth and operational requirements. The disclosure was made in accordance with Regulation 30 of SEBI Listing Regulations and relevant SEBI circulars.