Leading Leasing Finance and Investment Company Limited Withdraws Equity Share Issue Applications
Leading Leasing Finance and Investment Company Limited has announced that its Board of Directors approved the withdrawal of In-Principle Approval applications regarding an equity share issuance intended for the Non-Promoter Category. The decision was finalized during a board meeting held on July 16, 2026.The original proposal sought approval for significant quantities of shares to be issued to non-promoters. These plans included both a conversion of debt into equity and a preferential allotment. Specifically, the application involved 40,00,00,000 Equity Shares for the conversion of Outstanding Unsecured Loan and an additional 5,00,00,000 Equity Shares on a preferential basis.
The details regarding the withdrawn applications are as follows:
| Application Component | Number of Equity Shares | Issuance Category |
|---|---|---|
| Conversion of Outstanding Unsecured Loan | 40,00,00,000 | Non-Promoter Category |
| Preferential Basis Issue | 5,00,00,000 | Non-Promoter Category |
The board meeting commenced at 02:00 P.M. and concluded at 02:40 P.M. This action effectively halts the current proposal for these specific equity share allocations to the non-promoter category.
Stock Price Movement
As of 15:02, Leading Leasing Finance And Investment Company Ltd shares are ticking up to ₹1.25, representing a 0.81% gain. The stock is currently oscillating between an intraday low of ₹1.23 and a high of ₹1.26.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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