Shri Niwas Leasing And Finance Ltd — Others, 07-08-2025: Others

Shri Niwas Leasing and Finance has released its Annual Report and will hold its 40th Annual General Meeting virtually. The company reported a significant loss of ₹1163.61 Cr for the year, largely due to loan impairment provisions. To address financial challenges, the company proposes to convert ₹1163.33 Cr of outstanding unsecured loans from non-promoter entities into 40 Cr new equity shares. This strategic move aims to strengthen the company's capital structure and reduce liabilities. Shareholders will also vote on increasing the authorized share capital from ₹44 Cr to ₹500 Cr, along with director re-appointments and auditor selections.