Announcement Under Regulation 30- Change in Management
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Awaiting price reaction for this filing.
India Lease Development Ltd informed the stock exchange about decisions taken at its August 11, 2025 board meeting. Chairman Shri Rajiv Gupta (DIN 00022964) and his daughter Ms. Sumana Verma (DIN 01448591) were re-appointed as Non-Executive Non-Independent Directors, effective September 25, 2025, after retiring by rotation. Mr. Karun Pratap Hoon (DIN 05202566) was re-appointed as Independent Director for a second term of five years, from November 19, 2025 to November 18, 2030. The company also appointed M/s Anjali Yadav & Associates as Secretarial Auditor for five years (FY 2025-26 to FY 2029-30) and re-appointed Mr. Sudhir Kumar Agarwal as Internal Auditor for FY 2025-26. All director and auditor changes are subject to shareholder approval at the 40th Annual General Meeting.
This is largely a routine continuity announcement, with promoter family members (father-daughter) maintaining their board positions and an independent director getting a second term. No major governance red flags, and the impact on share price is expected to be neutral.