Arco Leasing Limited has announced the resignation of its Chief Financial Officer and Key Managerial Personnel, Mr. Narendra Mahavirprasad Ruia, effective from the close of business hours on March 27, 2026. The resignation was submitted due to other professional commitments, marking the end of his tenure with the financial services company.

Regulatory Compliance and Documentation

The company has fulfilled its regulatory obligations by informing BSE Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The formal intimation was signed by Rajendra Mahavirprasad Ruia, Whole-Time Director, and submitted to the Corporate Relationship Department of BSE Limited.

Resignation Details and Confirmation

In his resignation letter, Mr. Narendra Mahavirprasad Ruia expressed gratitude to the company and its shareholders for the opportunity to serve as Chief Financial Officer and Key Managerial Personnel. He described his tenure as "a most enriching experience" while citing other professional commitments as the reason for his departure.

The departing CFO has requested several administrative actions including:

• Removal of his name as authorized signatory from all bank accounts and financial instruments
• Immediate updates with relevant banking and financial institutions
• Initiation of processes to inform the Registrar of Companies (RoC), stock exchanges, and regulatory bodies about his separation

Company Statement and Regulatory Disclosure

Arco Leasing Limited has received written confirmation from Mr. Narendra Mahavirprasad Ruia that there are no material reasons for his resignation other than those mentioned in his resignation letter. This confirmation aligns with regulatory requirements under SEBI circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

The company's communication to BSE Limited included comprehensive documentation as Annexure A and B, providing complete transparency regarding the leadership change. The resignation takes effect immediately from March 27, 2026, requiring the company to address the CFO position and ensure continuity in financial operations and regulatory compliance.

Arco Leasing Limited has issued a corrigendum dated March 27, 2026 to its Extra-Ordinary General Meeting (EGM) Notice dated March 13, 2026. The corrigendum addresses specific modifications to the explanatory statements related to the preferential issue of equity shares scheduled for approval at the EGM on April 13, 2026.

Key Modifications in Corrigendum

The corrigendum specifically modifies two critical sections under the explanatory statements of item 6:

• Point no. 2 titled "Objects of the Issue"
• Point no. 21 titled "Current and proposed Status of the Proposed Allottee post preferential issue"

All other contents of the original EGM Notice dated March 13, 2026 remain unchanged except for these specified modifications. The corrigendum has been made available on the BSE website and the company's official website.

Fund Utilization Plan

The company has outlined a detailed deployment schedule for the proceeds from the preferential issue totaling ₹1061.35 lakhs:

Investment in Subsidiary NBFC

The major portion of ₹1016.35 lakhs will be deployed in the company's wholly owned subsidiary, Ansu Trade & Fiscals Private Limited. This subsidiary is a Non-Banking Financial Company registered with RBI bearing Certificate of Registration Number B.05.03608, incorporated under the Companies Act, 1956 with CIN: U65100WB1990PTC049122.

The funds will primarily strengthen the subsidiary's capital base to meet Net Owned Fund requirements prescribed by the Reserve Bank of India. The remaining amount will support the subsidiary's business operations, including onward lending activities and working capital requirements.

Changes in Allottee Status

The corrigendum reveals significant changes in the proposed allottee structure post preferential issue:

The preferential allotment will be made to both promoters and non-promoters, with 19 proposed allottees in total. Notably, two individuals - Jitesh Kothari and Atul Ramshankar Jaiswal - will transition from non-promoter to promoter status following the preferential issue.

Administrative and Compliance Details

The company will utilize ₹45.00 lakhs for administrative expenses in the ordinary course of business. The corrigendum was signed by Rajendra Mahavirprasad Ruia, Whole-Time Director (DIN: 01300823), and issued from the company's registered office in Mumbai. The document emphasizes that the notice should always be read in conjunction with this corrigendum, and expresses regret for any inconvenience caused to members due to these amendments.