Resignation Letter of CFO in continuation to Announcement Submitted by company dated 11 November 2025.
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On the reaction day the stock moved 3.5 pts more than Nifty Microcap 250 and 2.3 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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GDL Leasing & Finance Ltd has formally disclosed the resignation of its Chief Financial Officer, Mr. Ashish Jain, effective from the close of business hours on 11 November 2025. Mr. Jain cited 'other professional engagement' as the reason for his departure and confirmed there are no other material reasons behind his exit. This filing is a follow-up to the original announcement made on 11 November 2025, as the company initially missed attaching the resignation letter to its first disclosure. The company has apologized for the oversight and requested BSE to condone the delay in submission.
The departure of the CFO is a key management change for a small NBFC like GDL Leasing & Finance. While the reason given is routine (professional opportunity), shareholders should watch for timely appointment of a replacement CFO, as a prolonged vacancy at the finance helm could affect financial reporting and governance confidence.