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.

Golden Legend Leasing and Finance Limited has announced a significant financial decision with its Board of Directors approving the write-off of loans worth ₹13.03 crores. The decision was made during a board meeting held on January 22, 2026, following a thorough review process by the company's Audit Committee.

Board Meeting Details and Decision

The Board of Directors meeting, which commenced at 5:30 PM and concluded at 6:05 PM on January 22, 2026, approved the write-off of loans aggregating to ₹13,03,21,850. This substantial amount represents loans where recovery efforts have been exhausted and future recovery is no longer anticipated.

Audit Committee Recommendation

The decision was preceded by a comprehensive review conducted by the company's Audit Committee during its meeting held on December 16, 2025. The committee thoroughly examined the matter and recommended the write-off after considering the prolonged recovery efforts undertaken by the company. The assessment concluded that recovery of these loans was no longer expected, leading to the committee's recommendation for write-off.

Compliance and Accounting Treatment

The loan write-off has been implemented in strict accordance with applicable accounting standards. The company has confirmed that the decision was made pursuant to an internal review process and follows the Audit Committee's recommendation. The financial impact of this write-off has been appropriately reflected in the company's books of accounts, ensuring transparency and compliance with accounting norms.

Regulatory Disclosure

The announcement was made in compliance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has informed BSE Limited about this material development, with the scrip code 509024 and scrip ID GOLDLEG. The board meeting outcome details are available on the company's official website at glfl.com for stakeholder reference.

This write-off represents a significant financial decision for Golden Legend Leasing and Finance Limited, reflecting the company's approach to managing non-performing assets and maintaining accurate financial reporting standards.