Arco Leasing has appointed M/s. D M K H & CO, Chartered Accountants, as its statutory auditors to fill a casual vacancy. The appointment follows the resignation of the previous auditors, M/s. M. C. Jain & Co LLP.

The Board of Directors and Audit Committee approved the move during their meetings held on August 25, 2026. The new firm will hold office from the date of appointment until the conclusion of the ensuing 42nd Annual General Meeting (AGM).

Appointment Details

The company also recommended the appointment of D M K H & CO for a term of five consecutive years to shareholders. This longer term would commence from the conclusion of the 42nd AGM and extend until the conclusion of the 47th AGM, scheduled for 2031.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. It also aligns with SEBI Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated July 11, 2023, updated as on January 30, 2026.

About the New Auditors

D M K H & CO was established in 1990 by Durgesh Kumar Kabra. The firm has 35 years of experience in audit, assurance, governance, risk, and compliance services. It operates nine offices across India, including Mumbai, Pune, Ahmedabad, and Delhi, with a team of over 160 professionals and 16 partners.

The firm is empaneled with the Reserve Bank of India, Indian Banks' Association, Income Tax Department, GST department, Comptroller and Auditor General, and ICAI. It holds sectoral expertise in banking, insurance, NBFCs, manufacturing, pharmaceuticals, textiles, engineering, IT/ITES, and FMCG.

Arco Leasing Limited announced that its Board of Directors has accepted the resignations of two key executives, Rajendra Mahavirprasad Ruia and Narendra Mahavirprasad Ruia, effective from the close of business hours on August 18, 2026. The departures coincide with a reported sale of stakes by the directors, leading to a change in the company’s management and control structure.

Both directors tendered their resignations pursuant to this shift in ownership. Rajendra Mahavirprasad Ruia stepped down from his role as Whole-Time Director, while Narendra Mahavirprasad Ruia resigned from his position as Director. In their respective letters to the Board, both executives stated that given the change in ownership and management, they considered it appropriate to step down. They expressed gratitude for the opportunities during their tenure and committed to ensuring a smooth transition of responsibilities.

Resignation Details

The company disclosed the changes under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board placed on record its appreciation for the services and contributions of both directors. Crucially, the directors confirmed that there are no material reasons for their resignation other than those explicitly stated in their letters regarding the stake sale and management transition.

The intimation was issued by Jitesh Kothari, the remaining Whole-Time Director of Arco Leasing Limited. The company’s registered office is located in Andheri East, Mumbai.