Resignation of MD

CEO resignedKey managerial personnel resignedExternal CEO appointedManagement Changes View source PDF Explain this filing

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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 sweeping leadership change at its board meeting on February 12, 2026. Mr. Kurjibhai Rupareliya resigned as Managing Director and Mr. Parshottambhai Rupareliya resigned as Non-Executive Director and Chairperson, both citing age and health-related issues. In their place, Mr. Ketankumar Shivabhai Gosai was appointed as the new Managing Director for a five-year term and also took on the additional role of Chief Financial Officer; he is a Commerce graduate with over 16 years of experience in NBFC and banking operations. Ms. Prity Bishwakarma (practising Company Secretary) joined as a Non-Executive Independent Director, and Mr. Deepak Sundarji Saushi (MBA, 10+ years in NBFC/banking) was appointed as a Non-Executive Director. The board also reconstituted its various committees.

Likely market impact

The transition appears orderly and planned, with both resignations attributed to personal health reasons rather than any governance or performance issues. The new MD/CFO brings relevant NBFC and banking experience, which could be seen as a positive step for the lending business, though shareholders should note the company is small (BSE-listed) and the new MD holds no shares in the entity. Pending shareholder and regulatory approvals will be the next watchpoint.