Leading Leasing Finance AGM: ₹164cr capital plan 2026

Stock snapshot and why the filing matters

Leading Leasing Finance & Investment Company Ltd (BSE: 540360) has disclosed a set of corporate actions that combine AGM scheduling with a significant capital restructuring proposal. On the BSE close shown in the update, the stock traded at ₹1.23, up ₹0.02 (1.65%). The company is an NBFC, and the agenda being put to shareholders includes changes that would materially expand the equity base. These actions are being routed through shareholder approvals at the company’s 42nd Annual General Meeting (AGM). The disclosures also provide the operational timeline for share transfer book closure and remote e-voting.

42nd AGM: date, venue and meeting logistics

The company said its 42nd AGM is scheduled for Saturday, September 26, 2026, at 11:30 am (IST). The venue is the company’s registered office in Andheri West, Mumbai. In the same communication, the company highlighted that participation and voting rights are linked to shareholding as of the cut-off date. This aligns with the standard framework for listed companies conducting shareholder votes on ordinary and special business. The AGM notice covers ordinary items such as adoption of accounts, and special items related to capital restructuring and fundraising.

Book closure window for members and share transfers

Leading Leasing Finance said its register of members and share transfer books will remain closed from Sunday, September 20, 2026, to Saturday, September 26, 2026. Such book closures are used to determine eligibility for corporate actions linked to the meeting. Shareholders typically need to ensure holdings are correctly reflected in the records before the relevant dates. The company’s disclosure links this operational step with the AGM timetable and voting entitlement. Investors tracking the counter around the meeting dates often monitor these timelines closely because the resolutions involve changes to share capital.

Cut-off date and remote e-voting schedule

The company fixed Saturday, September 19, 2026, as the cut-off date for voting entitlement. It also announced the remote e-voting period under Section 108 of the Companies Act, 2013, and Regulation 44 of SEBI (LODR) Regulations, 2015. Remote e-voting opens on Wednesday, September 23, 2026, at 9:00 am and closes on Friday, September 25, 2026, at 5:00 pm. The disclosure makes it clear that shareholders must hold shares as of the cut-off date to participate in voting on the business items. The e-voting schedule is structured to conclude ahead of the AGM date.

Ordinary business: financial statements and MD re-appointment

Among the ordinary agenda items, the AGM will consider the adoption of the audited financial statements for the year ended March 31, 2026. This includes the reports of the Board of Directors and the Auditors. Another ordinary item is the re-appointment of Mr. Ketankumar Shivabhai Gosai as Managing Director, who retires by rotation. These are routine resolutions at annual meetings, but they sit alongside special resolutions that propose changes to the company’s capital structure. For shareholders, this creates a single voting event that combines governance items with restructuring approvals.

Special resolution: authorised share capital proposed at ₹164 crore

A key special business proposal is to increase authorised share capital from ₹60 crore to ₹164 crore. The company stated this would be done by creating 104 crore additional equity shares of ₹1 face value each. Separately, the company also disclosed that in the board meeting outcome filed after August 27, 2026, the board approved an increase in authorised share capital to ₹164 crore. The authorised capital increase is designed to enable the proposed preferential allotments described in the AGM notice. Any change to authorised capital also requires consequential alterations to the Memorandum of Association.

Preferential equity for loan conversion: ₹50.00 crore unsecured loans

The AGM agenda includes a proposal for preferential issuance of up to 35.71 crore equity shares at ₹1.40 per share to non-promoters. The stated purpose is conversion of outstanding unsecured loans aggregating ₹50.00 crore (₹49.999999984 crore as disclosed). The allottees named in the disclosure include Kurjibhai Premjibhai Rupareliya and Flyontrip Services Private Limited. This structure would extinguish the identified unsecured loan amounts through equity issuance, subject to shareholder approval. The disclosed issue price and quantity provide a clear view of the scale of dilution if the resolution is passed.

Preferential convertible warrants: up to ₹99.31 crore

The company also proposed a preferential issuance of up to 70.93 crore convertible warrants at ₹1.40 each, aggregating up to ₹99.31 crore. These warrants are exercisable within 18 months, as stated in the agenda details. The disclosure also notes that the warrants would be allotted to 51 non-promoter entities. Taken together with the loan conversion allotment, the company described the equity shares and warrants package as totaling approximately ₹149 crore. These instruments and the pricing framework are part of the special business items that shareholders will vote on at the AGM.

Key facts at a glance

Earlier restructuring context and what has changed

The company has also previously disclosed capital restructuring decisions earlier in 2026. In a board meeting held on February 16, 2026, it approved an authorised capital increase from ₹60 crore to ₹115 crore, conversion of unsecured loans into 42.01 crore equity shares, and a fresh preferential issue of 5 crore shares at ₹5 per share. An EGM was scheduled for March 18, 2026, with an e-voting period from March 15 to March 17, 2026, and a cut-off date of March 11, 2026. This background shows that the company has been using shareholder meetings and preferential instruments as part of its capital actions across the year. The latest AGM proposals, including the authorised capital level of ₹164 crore, represent a larger authorised base than what was earlier indicated.

Market impact and analysis: what investors can monitor

The immediate market relevance comes from the scale of the proposed issuances relative to the existing low absolute share price disclosed in the update. The agenda includes both conversion of unsecured loans into equity and a large issuance of convertible warrants, each priced at ₹1.40. If approved and implemented, these actions would expand the equity and potential equity base materially, which is why the resolutions are being placed as special business at the AGM. The disclosures also make the process milestones explicit, including cut-off, e-voting dates, and book closure, giving shareholders a clear timetable to participate. Separately, the company has disclosed its registered office location in Andheri West, Mumbai, where the AGM will be held.

Conclusion

Leading Leasing Finance has set September 26, 2026, for its 42nd AGM and published the book-closure and remote e-voting schedule, with September 19 as the voting entitlement cut-off date. Shareholders will vote on routine items, along with special resolutions to raise authorised share capital to ₹164 crore and approve preferential issuances linked to loan conversion and convertible warrants. The next confirmed milestone is the remote e-voting window from September 23 to September 25, 2026, followed by the AGM on September 26, 2026.