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Leading Leasing Finance And Investment Company LtdImportant, 17-02-2026: Company Update

17-02-2026 | 07:30 pm

Leading Leasing Finance and Investment Company's board approved a significant capital restructuring. They plan to increase the authorized share capital from Rs 60 crore to Rs 115 crore. This paves the way for issuing 40 crore new equity shares at Rs 5 each to non-promoters by converting existing unsecured loans, reducing debt. Additionally, 5 crore equity shares will be issued to other allottees at Rs 5 each. These preferential issues aim to strengthen the company's capital base. An Extra-Ordinary General Meeting is scheduled for March 18 to seek shareholder approval for these proposals.

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