Golden Legand Leasing & Finance Limited (GLLFL) reported a profit of ₹491.37 crore in Q1, compared to a loss of ₹159.90 crore in the previous quarter. Revenue surged to ₹3,595.12 crore, a 2,230% quarter-on-quarter increase. The board approved appointing a new Secretarial Auditor, relocating the registered office, and revising the Managing Director's remuneration. Auditors issued a qualified review report, highlighting concerns about income recognition, balance confirmations, and accounting standard compliance.
07Aug 25
Golden Legand Leasing & Finance Limited Approves Fundraising of Up to Rs. 86 Crores
Golden Legand Leasing & Finance Limited's Board of Directors has approved raising funds up to Rs. 86.00 crores to support future growth initiatives. The fundraising, subject to necessary approvals, may be through rights issue, private placement, or other permissible modes. The company plans to issue various securities, potentially including equity shares, convertible securities, debentures, or warrants. The decision was made in a board meeting on August 07, 2025, and is pending shareholder approval and regulatory compliance.