Golden Legand Leasing & Finance News

Golden Legend Leasing Approves Rs 85.99 Cr Warrant Issue

Golden Legend Leasing and Finance Limited's board approved raising Rs 85.99 crore through preferential issue of 6.63 crore warrants at Rs 12.96 per warrant to 23 non-promoter investors.

Golden Legand Leasing and Finance Reports Strong Q1 Turnaround with 491.37 Lakh Profit

Golden Legand Leasing and Finance Limited reported a significant turnaround in quarterly results with a profit of 491.37 lakh compared to a loss of 159.90 lakh in the previous quarter. Revenue from operations surged to 3,595.12 lakh from 154.27 lakh in the previous quarter. The company's Board approved several key decisions including the appointment of M/s. H. Maheshwari & Associates as Secretarial Auditor for five consecutive financial years from 2025-26 to 2029-30. The Board also approved shifting the registered office from Khar (West), Mumbai to Vashi, Navi Mumbai, and revised the remuneration for Chairperson and Managing Director Ms. Divya Singh Kushwaha effective September 1, 2025. However, the statutory auditors issued a qualified review report citing concerns about income reconciliation processes, lack of periodic confirmation of balances, and non-compliance with accounting standards regarding prior period adjustments. All decisions are subject to shareholder approval at the upcoming Annual General Meeting.

Golden Legand Leasing and Finance Limited Approves Fundraising of Up to Rs. 86 Crores

Golden Legand Leasing and Finance Limited's Board of Directors approved raising funds up to Rs. 86 crores for future business growth requirements. The funds will be raised through rights issue, private placement, or other permissible modes by issuing equity shares or other eligible securities including convertible debentures, warrants, and non-convertible debentures. The board meeting was held on August 07, 2025, and the fundraising is subject to necessary approvals including member approval through special resolution and statutory approvals. No specific securities have been identified at this stage, with detailed terms to be finalized by the Board in consultation with advisors based on market conditions.