please find enclosed herewith Intimation for change in management under Regulation 30 of SEBI (LODR) Regulation, 2015.
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United Leasing & Industries Ltd has informed BSE that two Independent Directors — Mr. Deepak Gupta (DIN: 10373390) and Ms. Kavita Kumari (DIN: 10373388) — have resigned from the board, effective close of business hours on 14th May 2025. Both cited pre-occupation and personal commitments as the reason and confirmed there are no other material reasons for stepping down. Mr. Gupta also stepped down as a member of the Audit Committee and the Nomination & Remuneration Committee, while Ms. Kumari ceased to be a member of the Nomination & Remuneration Committee. The resignations of both Independent Directors happened on the same day, leaving a gap in the board's independent oversight structure.
Simultaneous resignation of two Independent Directors weakens the board's independent oversight and may affect the composition of the Audit Committee, which under SEBI rules requires a minimum number of independent members. Shareholders should watch for the company's plan to appoint replacements to restore compliance and governance strength.