Shri Niwas Leasing and Finance Limited announced the resignation of two independent directors and the appointment of a new additional independent director following a board meeting held on October 12, 2026.

The Board of Directors considered and approved the resignation of Ravindra Dilip Davrung and Rekhaben Sanjay Bhanushali, both with effect from October 12, 2026. The company confirmed that neither director is related to any other director or key managerial personnel of the company. Additionally, both individuals are not debarred from holding the office of director by SEBI or any other authority.

Director appointments and resignations

The board also approved the appointment of Anjali Kishor Gajra as an Additional Independent and Non-Executive Director, effective October 12, 2026. The company stated that it received confirmation from all directors that there were no material reasons for the resignations other than those provided in their respective resignation letters.

Ms. Gajra’s appointment was formalized through a consent letter and Form DIR-8 declaration, confirming she holds no disqualifications under Section 164 of the Companies Act, 2013. Her brief profile indicates she is a graduate and currently serves as a director in Utsav Securities Limited. The appointment is subject to shareholder approval at the next Extraordinary General Meeting (EGM).

Regulatory disclosures

The disclosures were made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Brief profiles of the directors were enclosed as annexures to the filing submitted to BSE Limited. The meeting commenced at 6:00 pm IST and concluded at 6:40 pm at the registered office in New Delhi.

Shri Niwas Leasing and Finance Limited announced the resignation of Ravi Kumar Dhaker from the position of Company Secretary and Compliance Officer, effective October 6, 2026. The departure was attributed to personal reasons, with no other material causes disclosed in the regulatory filing.

The resignation took effect after the closure of business hours on the specified date. The company submitted the necessary disclosures to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring compliance with statutory reporting requirements for changes in Key Managerial Personnel.

Regulatory compliance details

The filing confirmed that Mr. Dhaker, holding Membership No. A49038, tendered his resignation due to unavoidable personal circumstances. The Board of Directors, represented by Managing Director Rajni Tanwar, acknowledged the resignation and initiated the process to intimate the Registrar of Companies regarding the cessation.

Governance implications

As a NBFC registered under CIN L65993DL1984PLC019141, the company is required to maintain a qualified Company Secretary. The immediate effect of the resignation necessitates the appointment of a successor to ensure continued regulatory adherence. No interim arrangement or replacement appointment was mentioned in the initial disclosure, leaving the timeline for the new appointment unspecified in this notice.