Re-appointment of Managing Director for the period of 3 years
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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On 29th August 2025, the Board of Money Masters Leasing & Finance Ltd approved two key items. First, it re-appointed Mr. Hozef Abdulhussain Darukhanawala as Managing Director for a 3-year term starting 1st October 2025 to 30th September 2028, subject to shareholder approval at the upcoming AGM. Mr. Darukhanawala, aged 67, is one of the company's promoters with 35 years of banking experience and has been managing day-to-day operations since inception. Second, the Board appointed M/s. HRU & Associates, led by Mr. Himanshu Rohit Upadhyay, as Secretarial Auditors for 5 consecutive financial years from 2025-26 to 2029-30, also subject to shareholder approval.
Continuity at the top is maintained as the existing promoter Managing Director gets a fresh 3-year term, which is generally seen as a stability signal for shareholders. The new secretarial auditor appointment for a 5-year period is a routine compliance matter and is unlikely to move the stock.