Golden Legand Leasing and Finance shares jumped 5.05% to ₹8.12 in Wednesday's trading session, opening at ₹8.09 compared to the previous close of ₹7.73 on Tuesday. According to reports from Mint, the stock rally came after the Indian stock market extended gains for the second straight session, with the Sensex surging more than 1,700 points, or 2.33%, to hit an intraday high of 75,849, while the Nifty 50 advanced over 500 points, or 2.35%, reaching a high of 23,448 during the session. The stock witnessed robust buying interest on the BSE, with around 40,000 buy orders compared to just 10,000 selling orders as of 11:45 am.
In an exchange filing on March 23, Golden Legand Leasing and Finance informed that CEO Jayanta Roy has resigned with immediate effect, citing personal reasons. As reported by Mint, the company stated that Mr Jayanta Roy, Chief Executive Officer designated as a Key Managerial Personnel, has tendered his resignation from his position with effect from close of business hours on March 23, 2026, due to personal reasons. CEO Roy has confirmed that there are no material reasons for his resignation other than those stated.
Earlier this month, the company announced that the board has given its approval for the incorporation of a wholly owned subsidiary named 'Gullakkart Private Limited'. According to Mint, the company will invest an initial subscription amount of ₹5 crore comprising of 50,00,000 equity shares of ₹10 each as the paid-up capital into its newly incorporated wholly owned subsidiary company. Gullakkart Private Limited is incorporated for carrying on the business of Digital Payments and Prepaid Payment Instruments (PPI) Services.
The NBFC stock has remained under pressure since its listing, with Golden Legand Leasing and Finance share price shedding 20.68% in a week and 15% in a month. As reported by Mint, the NBFC stock has delivered negative returns of 28.81% in terms of year-to-date (YTD) and 35.58% in six months, indicating the challenging performance trajectory despite the recent market-driven gains. The latest rally comes amid signs of easing tensions in West Asia, contributing to the broader market optimism.
