Enclosed herewith Intimation of Resignation of Chief Financial Officer & Key Managerial Personnel of the Company
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Awaiting price reaction for this filing.
Arco Leasing Ltd has informed the BSE that Mr. Narendra Mahavirprasad Ruia, the company's Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), has resigned from his position. The resignation is effective from the close of business hours on March 27, 2026. In his resignation letter, Mr. Ruia cited other professional commitments as the reason and confirmed there are no other material reasons behind his departure. The filing was signed by Rajendra Mahavirprasad Ruia, the Whole-Time Director, who shares the same surname as the outgoing CFO, suggesting a possible family connection on the board. The company has not announced a replacement.
The sudden exit of the CFO without an immediate replacement may create short-term uncertainty around financial reporting and compliance for this small-cap leasing company. Investors should watch for the appointment of a new CFO, as a prolonged vacancy at a key financial leadership position could be a concern.