Golden legand leasing & finance Limited has announced the resignation of its Chief Executive Officer Jayanta Roy, who served as a Key Managerial Personnel of the company. The resignation becomes effective from the close of business hours on March 23, 2026.

Resignation Details

The company disclosed the leadership change through a formal communication to the Bombay Stock Exchange on March 23, 2025, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Roy cited personal reasons as the primary factor behind his decision to step down from his executive role.

Official Confirmation

In his resignation letter addressed to the Board of Directors, Roy confirmed that there are no material reasons for his resignation beyond the personal circumstances mentioned. The departing CEO expressed his commitment to ensuring a smooth and orderly transition of responsibilities and pledged full cooperation during the handover process.

Regulatory Compliance

The company has fulfilled all disclosure requirements under SEBI regulations, providing comprehensive details about the leadership change. Company Secretary and Compliance Officer Prisha Behal signed the official disclosure, ensuring proper documentation and regulatory compliance.

Company Position

Golden Legand Leasing and Finance Limited has stated that Roy's resignation will not have any material impact on the company's operations. The organization emphasized that there are no other circumstances that could affect the company's business or strategic direction following this leadership transition.

Golden Legand Leasing & Finance Limited announced the incorporation of a wholly owned subsidiary following board approval on March 13, 2026. The board meeting, held from 03:00 P.M. to 04:30 P.M., approved the establishment of Gullakkart Private Limited to expand into digital payments services.

Subsidiary Incorporation Details

The board approved the incorporation of Gullakkart Private Limited under the Companies Act, 2013, with an initial investment of Rs. 5,00,00,000. The subsidiary will operate in the digital payments and prepaid payment instruments (PPI) services sector.

Investment Structure

The company will subscribe to 50,00,000 equity shares at Rs. 10 per share, totaling Rs. 5,00,00,000 as the paid-up share capital of the new subsidiary. Golden Legand Leasing and Finance Limited will hold 100% of the share capital, making it a wholly owned subsidiary.

Business Operations

Gullakkart Private Limited will focus on digital payments and prepaid payment instruments services, marking the parent company's entry into the fintech sector. The subsidiary will carry on business activities related to digital payment solutions and PPI services.

Regulatory Compliance

The announcement was made pursuant to Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company provided detailed disclosures as required under various SEBI circulars, including the Master Circular dated January 30, 2026. The incorporation will proceed subject to approval of the proposed name by the Registrar of Companies, Mumbai.

Key Highlights

• Cash consideration for the subsidiary incorporation
• No specific governmental or regulatory approvals required for incorporation
• Strategic expansion into digital payments sector
• Complete ownership and control retained by the parent company

The board meeting outcome and related documents are available on the company's website at gllfl.com for stakeholder reference.