Arco Leasing Limited has completed newspaper publication requirements for its Extra-Ordinary General Meeting (EGM) scheduled for April 13, 2026, following regulatory compliance under SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company published advertisements in Active Times (English) and Mumbai Lakshadeep (Marathi) on March 19, 2026, providing comprehensive information about the 1st EGM of FY 2026-27.

Regulatory Compliance and Publication Details

The company filed the newspaper publication disclosure on March 20, 2026, with BSE Limited under Regulation 30 and 47 of SEBI (LODR) Regulations, 2015. The filing was signed by Rajendra Mahavirprasad Ruia, Whole Time Director (DIN: 01300823), confirming that EGM notices were electronically sent to all shareholders on March 18, 2026.

Board Appointments and Leadership Changes

The EGM will consider several key director appointments as part of the company's governance restructuring. The agenda includes the appointment of Ms. Jeny Gowadia (DIN: 03014009) as Non-Executive Independent Director and the regularization of Mr. Keyur Shah (DIN: 09420459) as Non-Executive Independent Director. Both directors were initially appointed as Additional Directors on March 9, 2026, and will serve five-year terms from March 9, 2026, to March 8, 2031.

Significantly, the company proposes to appoint Mr. Akash Dubey (DIN: 08731219) as Managing Director for a five-year term with remuneration up to ₹50,000 per month. Mr. Dubey, aged 33 years, brings expertise in capital raising, investor relations, and strategic partnerships to the role.

Capital Structure Enhancement

The meeting will address a substantial increase in the company's authorized share capital. The proposal involves expanding the authorized capital from the existing ₹6,00,00,000 to ₹15,50,00,000, representing an increase of ₹9,50,00,000.

Preferential Share Issue

The company plans to issue 1,06,13,500 equity shares through preferential allotment at par value of ₹10 per share, raising ₹10,61,35,000. The issue includes both proposed promoters and non-promoter investors, with the funds intended for investment in the company's wholly-owned NBFC subsidiary.

The two largest proposed promoters, Jitesh Kothari and Atul Ramshankar Jaiswal, will subscribe to 39,75,320 and 39,74,680 shares respectively, collectively holding 73.26% of the post-issue equity capital. This will result in a change of control, triggering open offer obligations under SEBI takeover regulations.

E-voting and Participation Details

Shareholders can participate through remote e-voting from April 9, 2026 (9:00 AM) to April 12, 2026 (5:00 PM) via Bigshare's platform at ivote.bigshareonline.com. The company has appointed Ms. Sonam Jain, Practicing Company Secretary, as scrutinizer for the voting process. Members holding shares as on the cut-off date of April 3, 2026, are eligible to vote electronically or attend the physical meeting at the registered office in Mumbai.

The proposed changes reflect the company's strategic direction toward strengthening its capital base and expanding its financial services operations through its NBFC subsidiary, while ensuring compliance with regulatory requirements for corporate governance and capital market regulations.

Arco Leasing Limited has issued a revised outcome of its Board meeting held on March 13, 2026, specifically to correct the names of certain proposed allottees in its Rs. 10,61,35,000 preferential issue. The revision, submitted on March 18, 2026, ensures alignment with KYC records while maintaining all other previously disclosed details unchanged.

Revision Scope and Clarifications

The company clarified that the revision is limited exclusively to name corrections of proposed allottees as per their respective KYC records. The management confirmed three key aspects remain unchanged:

Corrected Allottee Names

The revised disclosure includes corrections for several key investors in the preferential issue. Notable name corrections include:

The revision covers 19 proposed allottees in total, with some names remaining identical to their original disclosure while others received specific corrections to match KYC documentation.

Original Preferential Issue Structure

The preferential issue maintains its original structure approved during the March 13, 2026 board meeting. The issue comprises 106,13,500 equity shares at Rs. 10.00 per share, targeting both proposed promoter and non-promoter categories. Major allocations include Jitesh Kothari and Atul Ramshankar Jaiswal (now with corrected name) as proposed promoters, who will collectively hold approximately 73.26% of post-issue shareholding.

Regulatory Compliance

The revised outcome was submitted under Regulation 30 of SEBI (LODR) Regulations, 2015, and signed by Rajendra Mahavirprasad Ruia, Whole-Time Director (DIN: 01300823). The company emphasized that this revision serves purely administrative purposes to ensure accuracy and regulatory compliance, without affecting the fundamental structure or commercial terms of the preferential issue.

The implementation of the preferential issue continues to remain subject to approvals from company members, BSE Limited, and the Registrar of Companies as applicable under current regulations.