Shareholders approve preferential issue of up to 30,00,000 convertible warrants

Shareholders of GDL Leasing & Finance Ltd have approved a preferential issue at the company's 33rd Annual General Meeting.

Sat 3 Oct 2026

Approved instrument

up to 30,00,000 warrants convertible into equity shares

Allottee

a person belonging to the Non-Promoter Group

Issue basis

preferential issue

Meeting

33rd Annual General Meeting for the Financial Year 2025-26, held Wednesday, September 30, 2026, at 12:15 P.M. (IST) through video…

Prior intimation to exchanges

September 04, 2026

What the company informed the exchange

GDL Leasing & Finance Ltd has told BSE that its shareholders have duly approved the issuance of up to 30,00,000 warrants convertible into equity shares to a person belonging to the Non-Promoter Group, on a preferential basis.

Where this approval came from

• The approval was given at the company's 33rd Annual General Meeting for the Financial Year 2025-26.
• The meeting was held on Wednesday, September 30, 2026, at 12:15 P.M. (IST).
• It was held through Video Conferencing (VC) / Other Audio-Visual Means (OAVM).

What the key terms say

• The instrument being issued is a warrant, not a share. A warrant is a right that can later be converted into an equity share; the update states these warrants are convertible into equity shares.
• The maximum number covered by this approval is 30,00,000 warrants.
• The allottee is described as a person belonging to the Non-Promoter Group, so this is not an issue to the promoter side.
• The issuance is on a preferential basis, meaning it goes to a specific identified person rather than to all shareholders equally.

Why a retail shareholder may want to note this

• Because the warrants are convertible into equity shares, shares would come into existence at the time of conversion. That is when the total number of equity shares of the company can change.
• A change in the total number of shares is the number to compare against your own holding, because it affects what proportion of the company any given holding represents.
• The maximum figure to track here is 30,00,000 warrants, since that is the ceiling stated in this approval.

What the update also states

The details required under Regulation 30 of the Listing Regulations read with the SEBI Master Circular had already been intimated to the stock exchanges vide the company's letter dated September 04, 2026. The company has asked the exchange to take the information on record.

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