Resignation of Chairman

CEO resignedExternal CEO appointedKey managerial personnel resignedManagement Changes View source PDF Explain this filing

Price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+1.4%Reaction day

₹3.50

prior close

₹3.54

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.5%+2.9% vs market

Non Banking Financial Company (NBFC) peers, median of 199sector-0.4%+1.8% vs sector

On the reaction day the stock moved 2.9 pts more than Nifty Microcap 250 and 1.8 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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-2.8

10m

-2.5

15m

-2.5

30m

-4.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.4-1.5+2.9-0.4+1.8

Next day

-2.9-2.2-0.7-0.7-2.2

-3.4-1.2-2.2-0.6-2.8

-6.0-0.9-5.1-0.9-5.1

-8.6-2.3-6.2-1.5-7.1

-17.1-2.5-14.7-1.4-15.8

-17.1-3.6-13.5-2.7-14.5

15d

-34.6-10.4-24.2-7.4-27.2

-45.4-11.3-34.1-8.8-36.6

-59.7-3.6-56.2-6.2-53.5

-62.0+3.9-65.9-2.8-59.2

UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 199Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Leading Leasing Finance and Investment Company announced a significant board overhaul at its meeting on February 12, 2026. Chairman Mr. Parshottambhai Rupareliya and Managing Director Mr. Kurjibhai Rupareliya both resigned citing age and health-related issues, with effect from the same day. To fill the vacuum, the board appointed Mr. Ketankumar Shivabhai Gosai (a Commerce graduate with 16+ years of NBFC and banking experience) as both Managing Director and Chief Financial Officer for a five-year term. Ms. Prity Bishwakarma (Company Secretary with 6+ years in compliance) joined as Non-Executive Independent Director for five years, and Mr. Deepak Sundarji Saushi (MBA, 10+ years in NBFC/banking) was appointed as Non-Executive Director. Board committees have also been reconstituted.

Likely market impact

This is a near-complete leadership transition at a small NBFC — both top executives and the Chairman exited simultaneously due to health reasons, with no disclosed negative reasons. While the resignations are orderly and the new MD/CFO brings relevant NBFC and banking experience, the scale of change at once may create short-term governance uncertainty for shareholders until the new team settles in.