GDL Leasing & Finance: GDL Leasing Warrants: Shareholders Approve Preferential Issue of Up to 30
GDL Leasing shareholders approved up to 30 lakh convertible warrants for a non-promoter recipient; the company disclosed the AGM decision in a BSE filing.
The GDL Leasing warrants proposal received shareholder approval at the company's September 30, 2026 annual general meeting, according to an October 3, 2026 BSE filing. GDL Leasing & Finance Ltd said shareholders authorised a preferential issue of up to 30,00,000 warrants convertible into equity shares to a person belonging to the non-promoter group.
The disclosure reports shareholder approval for the proposed securities issue. It does not report an allotment of warrants or their conversion into equity shares. The authorised quantity is an upper limit, with the filing describing the proposal as an issuance of up to 30 lakh warrants.
Approval at the 33rd annual general meeting
Shareholders approved the proposal at the company's 33rd AGM for the financial year 2025-26. The meeting took place on Wednesday, September 30, 2026, at 12:15 p.m. IST through video conferencing and other audio-visual means.
The securities covered by the approval are convertible warrants, and the proposed issuance is on a preferential basis. The company identified the intended recipient as a person belonging to the non-promoter group, without naming that person in the supplied disclosure.
The October 3 communication therefore establishes the shareholder decision, the maximum number of warrants approved and the recipient's promoter classification. It does not state an issue price or an aggregate fundraising amount.
Earlier issue details disclosed in September
GDL Leasing said it had already intimated the stock exchanges of the required issue details through a letter dated September 4, 2026. Those details are referenced in the latest communication but are not reproduced in the supplied filing text.
The company submitted the shareholder-approval disclosure under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, read with the relevant Schedule III provisions and SEBI master circular.
Addressed to BSE Limited, the filing identifies the company's scrip code as 530855. Atul Jain, Director & CFO, signed the communication on behalf of GDL Leasing & Finance Limited.