Please find enclosed herewith Re-Constitution of the Committees of the Board of Directors of the Company w.e.f. May, 29th, 2025 for your reference.
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United Leasing & Industries has reconstituted four key board committees — Audit, Nomination & Remuneration, Stakeholders' Relationship, and Share Transfer & Transmission — effective May 29, 2025. The move follows a change in the composition of the Board of Directors at a meeting held the same day. Independent Director Suman Kapur chairs three of the four committees (Audit, NRC, and Stakeholders' Relationship). Managing Director Ashish Khanna chairs the Share Transfer & Transmission Committee and sits on the Audit and Stakeholders' committees. The Khanna family has visible presence on the board through Ashish Khanna (MD), Aditya Khanna (Executive Director), and Anil Kumar Khanna (Non-Executive Director).
This is a routine governance housekeeping update triggered by prior changes to the board. The reconstitution ensures committee compositions comply with Companies Act and SEBI Listing Regulations. No direct impact on shareholders or stock price is expected, though the heavy Khanna family representation on key committees is worth noting for governance scrutiny.