- Business
- Gowra Leasing and Finance Limited (GOWRALE.BO), a non-banking financial company registered with the Reserve Bank of India, primarily engages in investment and financing activities, providing inter-corporate deposits, mortgage loans, bill discounting, and loans against shares to mid-corporate and retail customers across sectors including active pharmaceutical ingredients, engineering works, manufacturing units, trading units, realty, construction, information technology, infrastructure, medical and health. Incorporated on February 9, 1993, and headquartered at No. 501, 5th Floor, Gowra Grand, Behind Gowra Plaza, 1-8-384 & 385, S.P. Road, Begumpet, Secunderabad, Telangana 500003, the company operates principally in India with its shares listed on the Bombay Stock Exchange. Recent developments include approval at the 32nd annual general meeting on August 20, 2025, for a preferential issuance of up to 24,97,500 equity shares at Rs120 each aggregating Rs29.97 crore to promoters, promoter group entities, and non-promoters such as Gowra Petrochem Private Limited, Amar Bio Organics (India) Private Limited, Gowra Metals & Polymers Private Limited, Gowra Ventures Private Limited, Lexicon Finance Ltd., and Jagson Colorchem Limited; increase in authorised share capital from Rs6 crore to Rs10 crore; borrowings up to Rs25 crore from related parties and Rs10 crore from directors at up to 12% interest; re-appointment of Managing Director Shri Gowra Srinivas for five years effective June 30, 2026; appointment of Shri Subbaraj Gowra as director; and continuation of directors Shri Dayanand Soma and Shri Gowra Lakshminarayana post age 75.