Golden Legand Leasing and Finance Limited has disclosed the successful incorporation of Gullakkart Private Limited, its wholly-owned subsidiary (WOS). This development represents a significant milestone in the company's strategy to strengthen its digital financial services ecosystem and expand its technology-enabled lending business.
The subsidiary has been incorporated with the specific objective of supporting the company's digital lending ecosystem. Gullakkart Private Limited proposes to undertake activities related to digital payment solutions and intends to apply for a Prepaid Payment Instrument (PPI) Licence from the Reserve Bank of India (RBI), subject to obtaining applicable regulatory approvals.
Upon receipt of necessary regulatory approvals, the proposed PPI platform is expected to complement the company's existing lending business by facilitating digital payment solutions for customers. This initiative is aimed at enhancing customer convenience and strengthening the company's technology-driven lending ecosystem.
The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has committed to keeping the stock exchange informed of any material developments in this regard as required under applicable provisions of the SEBI regulations.
The document was digitally signed by Prisha Jitendra Behal, Company Secretary & Compliance Officer of Golden Legand Leasing and Finance Limited, on July 07, 2026 at 12:04:28 IST.
Financial Impact
Financial impact not quantified in the disclosure. The initiative represents strategic expansion rather than immediate financial transaction.