Approve the appointment Mr. Akash Dubey (DIN : 08731219) as Managing Director and Chief Financial officer of the Company.
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At a board meeting on March 09, 2026, Arco Leasing approved several key leadership changes. Mr. Akash Dubey (DIN: 08731219) was appointed as Additional Director, Managing Director, and Chief Financial Officer for a 5-year term. Two new Non-executive Independent Directors were also appointed: Mrs. Jeny Gowadia (CS with 11+ years experience) and Mr. Keyur Shah (corporate governance and secretarial professional with 8+ years), both for 5-year terms. Additionally, Ms. Nidhi Sheth (ICSI member) was appointed as Company Secretary and Compliance Officer. All director appointments are subject to shareholder approval at the next general meeting, and none of the appointees are related to existing Directors or KMPs.
This is a broad board and leadership overhaul that strengthens both management and independent oversight. The combination of a new MD/CFO alongside two new independent directors may improve governance standards, though the dual MD-CFO role in a single person is unusual and worth monitoring. Minor retail impact given the company's small scale (BSE scrip 511038).