Additional details regarding resignation of Independent Director in continuation to Announcement Submitted by company dated 11 November 2025.
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Mr. Rajendra Agarwal (DIN: 00850468), Independent Director of GDL Leasing & Finance Ltd, resigned from the board effective 11th November 2025 citing personal reasons. This filing is a follow-up clarification to BSE's query on the original 11 November announcement, providing additional details as required under SEBI's November 2024 circular. The company confirmed he does not hold directorship in any other listed entity and that there are no other material reasons for his resignation beyond personal ones. The omission of the 'no other material reasons' statement in the original disclosure was stated as inadvertent.
Minor governance event for shareholders. Loss of one Independent Director may affect board composition, though no governance concerns or material reasons were flagged. Investors should monitor whether a replacement is appointed in a timely manner to maintain the required number of independent directors.