GDL Leasing & Finance Ltd. has approved the allotment of 30,00,000 warrants convertible into equity shares. These warrants are being issued on a preferential basis at an issue price of ₹14/- per warrant, with a total value of ₹4,20,00,000/-. The allotment is to persons belonging to the Non-Promoter group, and each warrant can be converted into one fully paid-up equity share.
GDL Leasing & Finance Allots Warrants
GDL Leasing & Finance Ltd. announced the approval of the allotment of 30,00,000 warrants by its Board of Directors on November 13, 2026. These warrants are convertible into equity shares on a preferential basis and represent a total issue size of ₹4,20,00,000/- (Rupees Four Crore Twenty Lakh Only).
Key Allotment Details
The warrants are being issued at an aggregate subscription price of ₹3.50/- per warrant, which is 25% of the total issue price. The total issue price per warrant is ₹14/-, comprising the subscription price and an exercise price of ₹10.50/-. The allotment is targeted towards individuals categorized as Non-Promoters.
Conversion Rights
Each warrant holder has the right to convert their warrants into one fully paid-up equity share of the company, each with a face value of ₹10/-. This conversion can be exercised upon payment of the balance consideration of ₹10.50/- per warrant, representing 75% of the issue price. The process is in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018.
Allottees
The warrants have been allotted to the following Non-Promoter entities and individuals:
- SRR Tech Consilium Private Limited: 11,00,000 warrants
- Jay Singh Baradia: 1,50,000 warrants
- Shalini Jain: 12,50,000 warrants
- Chirag Jain: 5,00,000 warrants
Source: BSE
