Shri Niwas Leasing and Finance will hold its Board of Directors meeting on August 27, 2026, to consider the reclassification of authorized share capital and the issuance of non-convertible preference shares.

The company notified the BSE Limited under Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding the scheduled meeting at its registered office in New Delhi.

Key Agenda Items

The board will deliberate on three primary resolutions subject to member approval at the ensuing Annual General Meeting and necessary statutory approvals:

• Reclassification of authorized share capital by creating preference share capital.
• Issuance of 46,60,00,000 unlisted 1% Non-Convertible Preference Shares (NCPS) on a preferential basis.
• Consequential alteration in the Capital Clause of the Memorandum of Association.

Any other agenda items may be considered with the prior permission of the Chairperson.

Regulatory Compliance

The intimation was issued by Rajni Tanwar, Managing Director, pursuant to listing regulations. The proposed actions require shareholder approval and relevant regulatory clearances before implementation.

Shri Niwas Leasing and Finance Limited has accepted the resignations of two independent directors, Ms. Promila Sharma (DIN: 09735554) and Mr. Surendra Kumar Jain (DIN: 00530035), effective August 18, 2026. The company’s Board of Directors approved the changes during a meeting held on the same day at its registered office in New Delhi.

Both outgoing directors cited personal reasons for their departure. Ms. Sharma and Mr. Jain confirmed they are not related to any other directors or key managerial personnel of the company and are not debarred from holding office by any regulatory authority.

Board Appointments

To address the vacancies, the Board appointed Mr. Abhishek (DIN: 10783531) as an additional non-executive, non-independent director, effective August 18, 2026. Mr. Abhishek is a graduate born in 1996 and is currently engaged in business.

Mr. Abhishek holds directorships in Transnational Growth Fund Ltd. and Swen Holdings Limited. He also serves as the Chief Financial Officer of Sanco Industries Limited. He confirmed he is not disqualified under Section 164 of the Companies Act, 2013.

Regulatory Disclosures

The company filed the disclosures pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board confirmed that there were no other material reasons for the resignations beyond those stated by the directors.