Gowra Leasing & Finance Limited's board has approved the financial results for the quarter.

The company reported revenue from operations of INR 2.62 Cr and a profit of INR 1.29 Cr for the period.

The board also gave a green light to a preferential issue of up to 24.975 lakh equity shares at INR 120 each, aiming to raise up to INR 29.97 Cr from 72 proposed allottees.

This capital raise and an increase in the authorized share capital from INR 6 Cr to INR 10 Cr are subject to shareholder approval at the upcoming Annual General Meeting.