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.

Golden Legand Leasing & Finance Limited has announced significant corporate actions, including a substantial increase in its authorized share capital and the scheduling of its 41st Annual General Meeting (AGM).

Authorized Share Capital Doubled

The Board of Directors of Golden Legand Leasing & Finance Limited has approved a significant increase in the company's authorized share capital. The authorized share capital will be doubled from Rs. 50.00 crores to Rs. 100.00 crores. This move suggests that the company may be positioning itself for potential future growth or capital raising activities.

41st AGM Scheduled

The company has set the date for its 41st Annual General Meeting, which will be held on September 25, at 2:00 p.m. IST. In line with modern corporate practices, the AGM will be conducted via video conferencing, allowing shareholders to participate remotely.

Key Dates and Appointments

• Record Date: September 18 has been established as the record date for determining eligible voting members for the AGM.
• E-voting Scrutinizer: M/s. H. Maheshwari & Associates, a Practicing Company Secretary firm, has been appointed as the scrutinizer for the e-voting process.
• E-voting Service Provider: Central Depository Services Limited (CDSL) has been selected to provide the e-voting facility for the AGM.

Board Approvals

The Board of Directors has also approved several other important matters:

1. The Board's Report and its annexures for the financial year ended March 31.
2. Adoption of the Secretarial Audit Report for the year ended March 31, as required under Section 204(1) of the Companies Act, 2013.
3. The draft notice for the 41st AGM.

Meeting Details

The Board meeting where these decisions were made was held on August 28. The meeting commenced at 11:30 A.M. and concluded at 12:25 P.M.

Shareholders and interested parties can find more information about these developments on the company's website at https://gllfl.com/ .

These corporate actions, particularly the doubling of the authorized share capital, may indicate Golden Legand Leasing & Finance Limited's preparedness for future growth initiatives or capital restructuring. Shareholders will have the opportunity to discuss these developments and vote on resolutions at the upcoming AGM in September.