The Board discussed the pending agenda item for appointment of Mr. Vimal Dwivedi as Independent Director.
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Ramchandra Leasing & Finance Ltd's board, at its adjourned meeting on October 29, 2025, appointed Mr. Vimal Dwivedi (DIN: 10613579) as an Additional Director (Non-Executive, Independent Director), effective the same day. The board also approved his appointment as Non-Executive Independent Director for a 5-year term (October 29, 2025 to October 28, 2030), subject to shareholder approval at the upcoming Extra Ordinary General Meeting. Mr. Dwivedi holds a Master's in Commerce from the University of Allahabad and has over three years of experience in audit, taxation, regulatory compliance, and NBFC operations. The board and Nomination & Remuneration Committee confirmed he is not debarred from holding the office of Director under any SEBI order.
This is a routine governance update for a small NBFC — appointment of a relatively junior independent director is unlikely to materially move the stock, but it does strengthen the board ahead of shareholder approval at the EOGM.