Announced Sat, 3 Jan · 19:18 IST

The Board of Directors has considered and approved the following: 1. Appointed Mr. Akhil Mittal as an Additional Director (Non-Executive) w.e.f. 03.01.2026 2. Appointed Ms. Pratika Sharma ....

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AI summary

The board of Ramchandra Leasing & Finance Ltd, at its meeting on January 3, 2026, approved the appointment of Mr. Akhil Mittal and Ms. Pratika Sharma as Additional (Non-Executive) Directors, effective the same day. Mr. Mittal is a Chartered Accountant with 11 years of experience in accounting, auditing and tax advisory, while Ms. Sharma is a Senior Analyst with over 6 years of experience in risk management, holding a BSc (Hons) Mathematics degree and a UK actuarial certification. The board also noted the resignation of Non-Executive Director Mr. Pramod Kumar Gadiya effective January 5, 2026, citing personal reasons, with no other material reasons disclosed. Net change on the board is plus two appointees versus one resignation.

Likely market impact

This is a routine board reshuffle with no stated operational or financial impact. Shareholders should expect confirmation of the new appointments at a future general meeting; the director departure was for personal reasons and should not materially affect the stock price.