Leading Leasing Finance Discloses Share Acquisition in Aqylon Nexus Under SEBI Regulation 29

Leading Leasing Finance and Investment Company Limited has made a regulatory disclosure regarding its share acquisition in Aqylon Nexus Limited under SEBI's substantial acquisition regulations. The Mumbai-based leasing and finance company submitted the mandatory disclosure to stock exchanges on March 28, 2026, detailing transactions executed on March 27, 2026.

Transaction Details

The company engaged in both acquisition and disposal activities in Aqylon Nexus Limited shares through open market transactions. Leading Leasing Finance acquired 20,02,000 equity shares while simultaneously selling 10,54,379 equity shares, resulting in a net addition of 9,47,621 shares to its portfolio.

Transaction Type: Number of Shares Percentage Impact Shares Acquired: 20,02,000 +0.79% Shares Sold: (10,54,379) -0.42% Net Addition: 9,47,621 +0.37%

Shareholding Position

Following the transactions, Leading Leasing Finance's stake in Aqylon Nexus Limited increased from 11.35% to 11.72%. The company now holds 2,97,37,174 equity shares compared to its previous holding of 2,87,89,553 shares.

Parameter: Before Transaction After Transaction Number of Shares: 2,87,89,553 2,97,37,174 Voting Rights %: 11.35% 11.72% Diluted Capital %: 11.35% 11.72%

Regulatory Compliance

The disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Leading Leasing Finance confirmed that it does not belong to the promoter or promoter group of Aqylon Nexus Limited. The company submitted the disclosure to both BSE Limited (Scrip Code: 530943) and National Stock Exchange of India Limited (Symbol: SABTNL), where Aqylon Nexus shares are listed.

Company Information

Aqylon Nexus Limited, formerly known as Sri Adhikari Brothers Television Networks Limited, has a total equity share capital of 25,37,30,560 equity shares of ₹1 each. The share capital remained unchanged following these transactions. Leading Leasing Finance and Investment Company Limited, incorporated in 1983, operates from its registered office in Andheri West, Mumbai, and is engaged in leasing and investment activities.

Leading Leasing Finance and Investment Company Limited has submitted the scrutinizer's report for its Extra Ordinary General Meeting held on March 18, 2026, confirming the successful passage of all seven resolutions with requisite majority. The report was filed under Regulation 44 of SEBI (LODR) Regulations, 2015.

Meeting Overview and Voting Process

The EGM was conducted at the company's registered office at 1716/1717, 17th Floor, Wing A, Chandak Unicorn, Dattaji Salvi Marg, Office Veera Desai Road, Andheri West, Mumbai – 400053. The meeting was chaired by Mr. Ketankumar Shivabhai Gosai (DIN: 11543634), Managing Director, and lasted for 40 minutes from 11:00 a.m. to 11:40 a.m.

Dharti Patel & Associates, Company Secretaries, served as the scrutinizer for the voting process. The company facilitated shareholder participation through remote e-voting from March 15, 2026, at 9:00 a.m. until March 17, 2026, at 5:00 p.m., with the cut-off date for voting rights set as March 11, 2026.

Resolution Results and Voting Statistics

All seven resolutions presented at the EGM received overwhelming shareholder support:

Resolution Type Votes in Favor Against Votes Approval Rate 1. Regularization of Ms. Prity Bishwakarma as Independent Director Ordinary 3,45,475 430 99.88% 2. Appointment of Mr. Ketankumar Shivabhai Gosai as Managing Director Special 3,45,825 80 99.98% 3. Regularization of Mr. Deepak Sundarji Saushi as Director Ordinary 3,45,825 80 99.98% 4. Approval of amendments to Loan Agreements Special 3,41,882 4,023 98.84% 5. Increase in authorized share capital Ordinary 3,45,475 430 99.88% 6. Issuance of up to 40,00,00,000 equity shares (loan conversion) Special 3,41,882 4,023 98.84% 7. Issuance of up to 5,00,00,000 equity shares (preferential basis) Special 3,45,825 80 99.98%

Capital Restructuring Approvals

Shareholders approved significant capital restructuring measures, including the increase in authorized share capital from Rs. 60 crores to Rs. 115 crores. The company also received approval for issuing up to 40,00,00,000 equity shares on a preferential basis to the non-promoter category for conversion of outstanding unsecured loans, and an additional 5,00,00,000 equity shares on a preferential basis.

Leadership and Governance Changes

The meeting formalized key leadership appointments with Mr. Ketankumar Shivabhai Gosai's appointment as Managing Director receiving 99.98% approval. The regularization of Ms. Prity Bishwakarma (DIN: 11006652) as Independent Director and Mr. Deepak Sundarji Saushi (DIN: 11542917) as Director were also approved with strong shareholder support.

Regulatory Compliance

The scrutinizer's report confirms that all proceedings were conducted in compliance with Section 108 of the Companies Act, 2013, and Regulation 44 of SEBI (LODR) Regulations, 2015. The company has fulfilled its disclosure obligations to BSE Limited (Scrip Code: 540360) and Metropolitan Stock Exchange of India Limited (Symbol: LLFICL) within the prescribed timeline.

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