The Board has approved the appointment of Mrs. Khadija Taher Raniwala (DIN 11237433) and Mrs. Usha Ghelani (DIN 10414386) as Additional Non Executive Women Independent Directors of the Company.
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Arco Leasing's board, at its August 13, 2025 meeting, appointed Mrs. Khadija Taher Raniwala (Company Secretary) and Mrs. Usha Ghelani (Chartered Accountant with 30+ years of finance experience) as Additional Non-Executive Women Independent Directors for 5-year terms. The board also approved re-appointment of Mr. Narendra Mahavir Ruia (brother of director Mr. Rajendra Ruia) as director retiring by rotation. For Q1 FY26 (ended June 30, 2025), the company reported a standalone net loss of Rs 7.74 lakhs (vs loss of Rs 5.08 lakhs in Q1 FY25) and consolidated net loss of Rs 3.96 lakhs, on total standalone income of Rs 5.40 lakhs. The board approved disinvestment of its 100% stake in wholly owned subsidiary Ansu Trade & Fiscals Pvt Ltd, which contributed 92.5% of consolidated income but has negative net worth. It also approved raising borrowing limits to Rs 50 crore and charge creation limit to Rs 25 crore, subject to shareholder approval at the 41st AGM.
Mixed signals for shareholders — appointment of qualified independent directors improves board composition, but the widening quarterly losses and the exit from a subsidiary that drove most consolidated income raise concerns about the company's business trajectory. Higher borrowing and investment limits (up to Rs 50 crore) suggest plans for growth or restructuring, which shareholders should watch at the upcoming AGM.