GDL Leasing & Finance Ltd. has announced key decisions from its Board of Directors meeting held on September 4, 2026. The board approved an increase in the company’s authorized share capital from ₹5,50,00,000 to ₹8,50,00,000. Additionally, the company plans to issue up to 30,00,000 warrants convertible into equity shares on a preferential basis to non-promoter categories, subject to shareholder approval.
GDL Leasing & Finance Ltd. Board Meeting Highlights
In a significant development, the Board of Directors of GDL Leasing & Finance Ltd., in its meeting on Friday, September 04, 2026, has considered and approved several key resolutions impacting the company’s capital structure and fundraising strategy. These decisions are subject to necessary shareholder and regulatory approvals.
Increase in Authorized Share Capital
The board has approved a proposal to increase the company’s authorized share capital from the current ₹5,50,00,000 (comprising 55,00,000 equity shares of face value ₹10/- each) to ₹8,50,00,000 (comprising 85,00,000 equity shares of face value ₹10/- each). This increase necessitates an alteration in Clause V of the Memorandum of Association of the Company, which will be presented for shareholder approval at the upcoming Annual General Meeting (AGM).
Preferential Issue of Warrants
Further, the board has sanctioned a proposal for fundraising through the issuance of up to 30,00,000 warrants. These warrants are convertible into equity shares and will be issued on a preferential basis to individuals within the non-promoter category. The issuance will be conducted in accordance with the Companies Act, 2013, and the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. Each warrant is proposed to be issued at a price of ₹14/- per warrant, aggregating up to approximately ₹4,20,00,000/-. The proposed allottees include Shalini Jain, SRR Tech Consilium Private Limited, Chirag Jain, and Jay Singh Bardia.
Appointment of Independent Director
The board also approved the appointment of Mr. Pankaj Bansal (DIN: 10394872) as an Additional Director in the category of Non-Executive and Independent Director. This appointment is based on the recommendation of the Nomination and Remuneration Committee and will be effective from September 4, 2026, for a term of five years, subject to shareholder approval at the ensuing AGM.
Annual General Meeting Scheduled
The company has fixed Wednesday, September 30, 2026, at 12:15 P.M. for its Annual General Meeting (AGM). The meeting will be conducted through Video Conferencing / Other Audio Visual Means (OAVM). The board also approved the Annual Report and the Draft Notice of the AGM.
Cut-off Dates Set
Additionally, the board designated Friday, September 04, 2026, as the “First Cut-off Date” for the dispatch of notices to shareholders. For determining the eligibility of members for remote e-voting, Wednesday, September 23, 2026, has been set as the “Cut-off Date”.
Scrutinizer Appointed
M/s Akash & Co., Practicing Company Secretaries, has been appointed as the Scrutinizer for the purpose of conducting the e-voting process and voting at the upcoming AGM.
Source: BSE
