Announced Tue, 18 Aug · 16:30 IST
Two Ruia directors resign after change in management control
Price
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Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Whole-Time Director Rajendra Ruia and Director Narendra Ruia of Arco Leasing resigned effective August 18, 2026. Both cited the sale of their stake in the company and the consequent change in management and control as the reason for stepping down. The Board has accepted both resignations and recorded appreciation for their tenure.
Likely market impact
Change of ownership at Arco Leasing as the Ruia promoter group exits. New management now in control, watch for further board and strategy updates.