Resignation of Director
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Leading Leasing Finance announced a significant board overhaul following its February 12, 2026 board meeting. Two senior directors — Mr. Parshottambhai Rupareliya (Non-Executive Director & Chairperson) and Mr. Kurjibhai Rupareliya (Managing Director) — resigned citing age and health-related issues, effective the same day. To fill the gap, Mr. Ketankumar Shivabhai Gosai was appointed as both Managing Director and Chief Financial Officer for a 5-year term; he brings 16+ years of NBFC and banking experience. Additionally, Ms. Prity Bishwakarma was appointed as Non-Executive Independent Director (5-year term), and Mr. Deepak Sundarji Saushi was appointed as a Non-Executive Director. None of the new appointees hold shares in the company or have familial ties with existing directors. All appointments require shareholder and regulatory approval, and board committees were reconstituted.
The transition replaces long-standing leadership with professionals experienced in NBFC and banking operations, which may support the company's financial management going forward. Investors should note this is a near-complete leadership change and should watch for the shareholder meeting outcome and early performance signals from the new MD/CFO.