Lead Financial Services Limited has announced key changes to its Board of Directors, involving the appointment of a new executive director and the resignation of an existing board member. The company communicated these developments to stock exchanges on March 26, 2026, in compliance with SEBI regulations.

Board Appointment Details

The Board of Directors, acting on the recommendation of the Nomination and Remuneration Committee, appointed Mr. Sudesh Gupta as Additional Director (Executive Director) on March 26, 2026. His appointment is effective immediately and will continue until the next annual general meeting or the last date by which the annual general meeting should have been held, whichever is earlier.

Mr. Gupta holds a graduation degree and brings experience in accounts and finance to the board. He currently serves as director in several unlisted entities including Privy Value Realty Private Limited, Privy Infosystem Private Limited, LFS Services Private Limited, and Privy Capital Limited. The company confirmed that he is not debarred from holding directorship by any regulatory authority.

Director Resignation

Mr. Padam Chandra Bindal submitted his resignation as Director of the company, effective from the close of business hours on March 25, 2026. His resignation was submitted due to personal reasons, as stated in his resignation letter dated March 25, 2026.

In his resignation letter, Mr. Bindal expressed appreciation for the courtesy and cooperation extended by board members during his tenure and wished the company success in future endeavors. He confirmed that there are no material reasons for his resignation other than those mentioned in his resignation letter.

Regulatory Compliance

The company filed the necessary disclosures with BSE Limited and The Calcutta Stock Exchange Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notifications included detailed annexures providing comprehensive information about both the appointment and resignation as required under SEBI Circular No. CIR/CFD/CMD/4/2015.

The disclosures confirm that the resigning director holds no directorships in other listed entities, while the newly appointed director similarly has no other listed company affiliations. These board changes reflect the company's ongoing governance processes and compliance with regulatory requirements for listed entities.

Lead Financial Services Limited has issued a comprehensive formal clarification to BSE Limited regarding significant movements in its securities price, confirming complete adherence to regulatory disclosure requirements. The company responded to BSE's surveillance inquiry dated 05.03.2026 with a detailed communication on 21.03.2026.

Regulatory Compliance Statement

In its formal response to BSE's Surveillance Department, Lead Financial Services has categorically confirmed that it has made all necessary disclosures pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company emphasized that there is no undisclosed information, announcement, or event, including any impending developments, that could influence the price movement in the company's securities.

Market-Driven Price Movement Analysis

The management has attributed the recent share price volatility to market conditions, describing the movement as purely market-driven. Lead Financial Services clarified that it has no control over such price fluctuations and is not aware of any specific reason that could explain the recent trading activity. This statement indicates that the price movement reflects broader market dynamics rather than company-specific developments or undisclosed material events.

Formal Communication Details

The official clarification was addressed to the Manager of BSE's Surveillance Department at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai. The communication was digitally signed and submitted by Mansi Sharma, Company Secretary & Compliance Officer, on 21.03.2026 at 12:07:05 +05'30', demonstrating the company's formal approach to regulatory compliance.

Ongoing Transparency Commitment

Lead Financial Services has reaffirmed its commitment to maintaining transparency and regulatory compliance under SEBI (LODR) Regulations, 2015. The company assured stakeholders that it will continue to inform the exchange promptly of any event or information that may have a material bearing on its operations or performance. This commitment underscores the company's dedication to upholding corporate governance standards and maintaining investor confidence through transparent communication.