Company and Document Details

Purpose of Corrigendum

The corrigendum has been issued to correct an error in the explanatory statement relating to Item No. 08 in the AGM Notice. Specifically, points (c) and (u) of the explanatory statement incorrectly mentioned the resolution as an Ordinary Resolution instead of a Special Resolution. This corrigendum is issued in compliance with Regulation 25(2A) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Details of Item No. 08: Preferential Warrant Issue

Resolution Type Correction

The resolution for Item No. 08 should be a Special Resolution, not an Ordinary Resolution as previously stated.

Fundraising Details

The Company proposes to issue up to 30,00,000 warrants convertible into equity shares to persons belonging to non-promoter group on a preferential basis. The total fundraising amount is ₹4,20,00,000 (Rupees Four Crore Twenty Lakh Only).

Objects of the Issue

The funds are being raised to:

  • Achieve the Net Owned Fund of ₹10.00 crores as required by RBI Notification No. DOR.CRE.060.CGM(MM) 2022 dated March 17, 2022
  • Meet working capital requirements
  • Support business expansion
  • Fulfill general corporate purposes

Fund Utilization Breakdown

| Particulars | Estimated Utilisation Amount (₹) |

| Working capital requirements | 4,08,56,300 |

| Business expansion | 6,65,200 |

| General corporate purpose | 4,78,500 |

| Total | 4,20,00,000 |

Note: Amounts assume 100% conversion of warrants into equity shares within the stipulated time.

Company Secretary Certificate

The Company has obtained a certificate from a Practicing Company Secretary certifying that the preferential issue of warrants complies with Chapter V of SEBI ICDR Regulations. This certificate is available on the Company's website at https://www.gdlleasing.com/PDF/InvestorsDesk/PCS%20Certificate%20Regulation.pdf.

Additional Information

The corrigendum is being sent to all shareholders and will be made available on the Company's website (https://www.gdlleasing.com/) and the stock exchange website (www.bseindia.com). All other terms and conditions of the AGM Notice remain unchanged.