Announced Tue, 6 Jan · 20:32 IST

Disclosure pursuant to Regulation 30 of SEBI (LODR) Regulations 2015

Management Changes View source PDF

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

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Mr. Nitinkumar Bhawarlal Parmar (DIN: 07551010), a Non-Executive Independent Director, has resigned from the board of Ramchandra Leasing & Finance Ltd with effect from January 5, 2026, citing personal reasons. This filing is a clarification sent to BSE, which had sought details on his directorships in other listed companies. The company confirmed that he does not hold directorship in any other listed entity. His resignation letter will be formally accepted at the next board meeting.

Likely market impact

Loss of one independent director from a small-cap NBFC; the company will need to fill the vacancy to maintain minimum board composition requirements under SEBI rules. No material governance red flags are evident from the document.