Leading Leasing Finance approves capital restructuring, schedules EGM for March 2026

2 min read | Published on 11 Feb 2026, 12:43 PM |Updated on 16 Feb 2026, 09:36 PM

Reviewed by

Naman SScanX News Team

Key Highlights

Leading Leasing Finance and Investment Company Limited's board meeting on February 16, 2026, approved significant capital restructuring including authorized capital increase from Rs 60 crores to Rs 115 crores, conversion of unsecured loans into 42.01 crore equity shares, and fresh preferential issue of 5 crore shares at Rs 5 each. The company scheduled an EGM for March 18, 2026, to seek shareholder approval for these changes.

*this image is generated using AI for illustrative purposes only.

Leading Leasing Finance and Investment Company Limited has successfully concluded its board meeting held on February 16, 2026, approving significant capital structure modifications and scheduling an Extra-Ordinary General Meeting to seek shareholder approval for the proposed changes.

Board Meeting Outcomes and Approvals

The Board of Directors convened on Monday, February 16, 2026, from 04:00 PM to 05:00 PM, and approved several critical corporate restructuring proposals under Regulation 30 of SEBI LODR Regulations. Managing Director Ketankumar Shivabhai Gosai (DIN: 11543634) signed the approved resolutions.

Meeting Details:	Information
Meeting Date:	February 16, 2026
Meeting Duration:	04:00 PM to 05:00 PM
Regulation:	Regulation 30 of SEBI LODR
Signed By:	Ketankumar Shivabhai Gosai, Managing Director

Authorized Share Capital Increase

The board approved a substantial increase in the company's authorized share capital from the existing Rs 60,00,00,000 (Rupees Sixty Crores Only) to Rs 115,00,00,000 (Rupees One Hundred Fifteen Crores Only). This expansion will accommodate the proposed equity issuances and loan conversions.

Capital Structure Changes:	Details
Current Authorized Capital:	Rs 60,00,00,000 (60 crore equity shares of Re 1 each)
Proposed Authorized Capital:	Rs 115,00,00,000 (115 crore equity shares of Re 1 each)
Increase Amount:	Rs 55,00,00,000
Face Value:	Re 1 per share

Loan-to-Equity Conversion and Preferential Issues

The board approved two significant equity issuances through preferential allotment. The first involves conversion of unsecured loans into equity shares for non-promoter category lenders, while the second represents a fresh preferential issue to new investors.

Loan Conversion Details:	Specifications
Conversion Shares:	42,01,25,660 equity shares
Issue Price:	Rs 5 per share (including Rs 4 security premium)
Beneficiaries:	Kurjibhai Premjibhai Rupareliya, Flyontrip Services Private Limited
Pre-issue Holding:	21,24,520 shares
Post-conversion Holding:	42,22,50,180 shares

Fresh Preferential Issue:	Details
New Issue Shares:	5,00,00,000 equity shares
Issue Price:	Rs 5 per share (including Rs 4 security premium)
Allottees:	Bharatbhai Ravatbhai Khachar, Jilubhai Ravatbhai Khachar, Karan Jilubhai Khachar, Kuldeep Bharatbhai Khachar
Current Holding:	NIL
Post-allotment Holding:	5,00,00,000 shares

Extra-Ordinary General Meeting Schedule

The board has scheduled an Extra-Ordinary General Meeting to obtain shareholder approval for all proposed changes. The company has appointed M/s Dharti Patel & Associates, Practicing Company Secretary, as scrutinizer for conducting the voting process.

EGM Details:	Information
Meeting Date:	Wednesday, March 18, 2026
Meeting Time:	11:00 AM
Venue:	Registered office at Mumbai
E-voting Period:	March 15, 2026 (09:00 AM) to March 17, 2026 (05:00 PM)
Cut-off Date:	March 11, 2026
Scrutinizer:	M/s Dharti Patel & Associates

Regulatory Compliance and Corporate Information

All proposed issuances will be executed in accordance with Chapter V of SEBI (Issue of Capital & Disclosure Requirements) Regulations, 2018, and other applicable laws. The company operates under CIN L65910MH1983PLC451092 and trades on BSE Limited under scrip code 540360 and Metropolitan Stock Exchange of India Limited under symbol LLFICL.

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