Clarification on additional details required for Corporate Announcement filed under Regulation 30 for resignation of Independent Directors, by BSE dated 11.09.2025

Multiple Ind Directors ResignedManagement Changes View source PDF Explain this filing

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Nifty Microcap 250market · in no size index; the smallest one is used-2.1%+7.1% vs market

Non Banking Financial Company (NBFC) peers, median of 196sector-1.0%+5.9% vs sector

On the reaction day the stock moved 7.1 pts more than Nifty Microcap 250 and 5.9 pts more than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 196Pending

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AI summary

GDL Leasing & Finance Ltd informed BSE that two Independent Directors, Mr. Mukesh Dudhoria (DIN: 10749468) and Ms. Gunjan Chawla (DIN: 10426124), resigned from the Board with effect from 09 September 2025. The Board of Directors approved these resignations in its meeting held on 10 September 2025. Both directors cited pre-occupation with other commitments as the reason for stepping down. This filing is a clarification on additional details requested by BSE on its earlier announcement dated 11 September 2025. Brief profiles of both directors were attached as annexures to the filing.

Likely market impact

Simultaneous exit of two Independent Directors weakens board composition and may raise governance concerns among shareholders. The company will need to fill these vacancies within the timelines prescribed under SEBI LODR to remain compliant with the minimum Independent Director requirement.