Disclosure as per regulation 30 of SEBI(LODR) Regulation, 2015
Awaiting price reaction for this filing.
At a board meeting held on August 6, 2025, the directors of Shri Niwas Leasing And Finance Ltd approved the appointment of two new Additional Non-Executive Independent Directors — Ms. Rekhaben Sanjay Bhanushali and Mr. Ravindra Dilip Davrung — both for a 5-year term subject to shareholder approval. The board also appointed Mr. Mukesh Kumar as the new Chief Financial Officer for 5 years starting FY2025-26. Additionally, Mr. Bharat Bhushan was named Internal Auditor for 5 consecutive years, and a Secretarial Auditor was appointed for FY2025-26 subject to shareholder approval at the upcoming AGM. Brief profiles of all appointees and their non-debarment declarations were enclosed with the filing.
This is largely a routine governance and compliance update with no direct impact on financials or operations. Shareholders will get to vote on the director and secretarial auditor appointments at the next AGM, but the changes are unlikely to move the stock price.