Atul Ramshankar Jaiswal has acquired 64,620 equity shares of Arco Leasing Limited through an off-market share purchase agreement. The transaction increases his total stake in the company to 37.22% of the voting capital.

The acquisition was executed pursuant to a share purchase agreement dated March 13, 2026. Jaiswal, identified as the proposed promoter, completed the open offer associated with the deal on August 6, 2026. The intimation regarding this substantial acquisition was filed with the Bombay Stock Exchange on September 17, 2026.

Shareholding Pattern Changes

The disclosure filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, details the shift in Jaiswal’s holding. Prior to this specific transaction, he held 39,74,830 shares, representing 36.62% of the total diluted share capital.

The additional 64,620 shares acquired in this instance account for a 0.60% increase in his stake. The total equity share capital of Arco Leasing Limited remains unchanged at 10,853,570 equity shares following the transaction.

Transaction Details

The filing confirms that none of the shares held by Jaiswal are encumbered. There were no warrants, convertible securities, or other instruments entitling him to receive shares carrying voting rights involved in this specific acquisition block. The pre-existing holding included shares acquired through a preferential allotment and 150 shares obtained via the open offer process earlier in the year.

Arco Leasing accepted the resignation of three independent directors effective August 31, 2026. The departures follow a sale of stake and a consequent change in management control.

The company informed the BSE that Mr. Srikar Gopalrao, Mrs. Usha Manish Ghelani, and Mrs. Khadija Taher Raniwala tendered their resignations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details

All three directors cited the sale of stake and the resulting shift in ownership as the primary reason for stepping down. The company confirmed there were no other material reasons for their resignations.

Mr. Gopalrao currently serves with Yunik Managing Advisors. Mrs. Ghelani is an independent director at Thomas Scott (India) Limited. Mrs. Raniwala does not hold directorship in any other listed entity.

Board Transition

The resignations took effect at the closure of business hours on August 31, 2026. Mr. Jitesh Kothari, Whole Time Director, signed the intimation letter to the exchange. The board has acknowledged the receipt of resignation letters from all three members.