Outcome of Board Meeting held today i.e. 21/02/2026 regarding appointment and resignation of independent director
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Awaiting price reaction for this filing.
The board of Leading Leasing Finance and Investment Company Ltd approved two changes at its meeting on 21 February 2026. Ms. Shweta (DIN: 10283634) has been appointed as an Additional Non-Executive Independent Director for a five-year term, subject to shareholder and regulatory approval. Separately, Mr. Saumik Arvind Ghervada (DIN: 10859766) resigned from the post of Independent Director effective the same day, citing pre-occupation as the reason. The new appointee holds no directorships in other listed entities and is not debarred by SEBI or any authority. The outgoing director confirmed there are no material reasons behind his resignation beyond what is stated in his letter.
This is a routine board-level reshuffle with no governance red flags, as the outgoing director resigned for personal pre-occupancy and a replacement has been promptly appointed. Shareholders are unlikely to see any material impact on the stock or business operations.