G D L Leasing & Finance Limited has made a regulatory disclosure regarding the outcome of its Board of Directors meeting held on November 13, 2026. The disclosure is made pursuant to Regulation 30 of the SEBI LODR Regulations.
Key Approvals and Timeline
The allotment was approved by the Board of Directors at its meeting held on Friday, September 04, 2026, and subsequently approved by the company's members at their Annual General Meeting held on Wednesday, September 30, 2026. BSE granted in-principle approval vide its letter dated October 30, 2026.
Financial Details
- Total issue size: ₹4,20,00,000 (Rupees Four Crore Twenty Lakh Only)
- Issue price: ₹14 per warrant
- Warrant subscription price: ₹3.50 per warrant (25% of issue price)
- Amount received: ₹1,05,00,000 (One Crore Five Lakh Only)
- Warrant exercise price: ₹10.50 per warrant (75% of issue price, payable later)
- Face value of equity shares: ₹10 each
Allottee Details
The warrants were allotted to the following non-promoter allottees:
- SRR Tech Consilium Private Limited: 11,00,000 warrants
- Jay Singh Baradia: 1,50,000 warrants
- Shalini Jain: 12,50,000 warrants
- Chirag Jain: 5,00,000 warrants
Conversion Terms
Each warrant is convertible into one fully paid-up equity share of face value ₹10 upon payment of the balance consideration of ₹10.50 per warrant (75% of the issue price) at the time of exercise of conversion option. The conversion will be in accordance with the provisions of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018.
Meeting Details
The Board meeting commenced at 3:30 P.M. and concluded at 4:30 P.M. on November 13, 2026, at the registered office of the company in Delhi.