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 February 21, 2026. Mr. Saumik Arvind Ghervada resigned as Independent Director citing pre-occupancy, effective the same day, and confirmed there are no other material reasons for his exit. To fill the vacancy, the Board appointed Ms. Shweta (DIN: 10283634) as an Additional Non-Executive Independent Director for a five-year term, subject to shareholder and regulatory approval. Ms. Shweta has a background in corporate governance, marketing, and communication, and holds no directorships in other listed entities. The Managing Director, Mr. Ketankumar Shivabhai Gosai, remains unchanged, and the company is a small NBFC listed on BSE (scrip code 540360) and MSE.
This is a routine board-level reshuffle with no signs of governance concerns. One independent director has stepped down for personal reasons and has been replaced, so the board's composition and oversight capacity remain broadly intact. Short-term impact on the stock is expected to be minimal.