GDL Leasing & Finance Ltd. has announced the resignation of its Company Secretary and Compliance Officer, Ms. Reetu, effective from the closure of business hours on January 31st, 2026. The company informed BSE Limited about this key managerial personnel change through a formal communication dated February 2nd, 2026, in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details

Ms. Reetu submitted her resignation from the position of Company Secretary and Compliance Officer due to personal reasons. The resignation was formalized through a letter addressed to the Board of Directors, expressing gratitude for the opportunities and professional exposure provided during her tenure with the company.

Regulatory Compliance

The company has fulfilled its disclosure obligations by providing the required details pursuant to SEBI regulations and Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123. The formal communication includes comprehensive documentation of the personnel change and adherence to statutory requirements.

Next Steps

In her resignation letter, Ms. Reetu requested the Board to initiate necessary compliance procedures, including:

• Filing requisite e-forms with the Registrar of Companies
• Making appropriate intimations to BSE and other statutory authorities
• Completing all regulatory formalities as applicable

Company Information

GDL Leasing & Finance Ltd. operates from its head office located at 206, Vardhman Diamond Plaza, Paharganj, New Delhi-110055. The company trades on BSE under scrip code 530855 and maintains its corporate identity number as L74899DL1994PLC057107. The resignation communication was signed by Managing Director Prem Kumar Jain (DIN: 01151409), confirming the company's commitment to transparent corporate governance practices.

GDL Leasing & Finance Limited, a company listed on the Bombay Stock Exchange (BSE: 530855), has reported significant changes in its leadership team. The company recently announced the resignations of two key personnel: Chief Financial Officer (CFO) Ashish Jain and Independent Director Rajendra Agarwal.

Key Personnel Changes

Disclosure Compliance

GDL Leasing & Finance initially faced challenges in meeting the disclosure requirements set by the Securities and Exchange Board of India (SEBI). The company had to submit revised disclosures to the BSE after initially missing required documentation. This oversight led to the following actions:

1. A clarification was provided regarding Mr. Rajendra Agarwal's directorship status in other listed entities.
2. An additional confirmation was submitted stating that there were no material reasons for the resignations other than those mentioned in the resignation letters.

Corporate Governance Implications

These resignations, particularly that of an independent director, may have implications for the company's corporate governance structure. Independent directors play a crucial role in maintaining oversight and protecting shareholder interests.

Regulatory Compliance

GDL Leasing & Finance has taken steps to address the initial oversight in their disclosures:

1. The company submitted a revised Corporate Announcement via the BSE Listing Centre.
2. A clarification note was included, explaining the reason for the delay in submitting the resignation letter within the required 7-day period.
3. The company requested the BSE to condone the delay in submission.

Looking Ahead

As GDL Leasing & Finance navigates these leadership changes, investors and stakeholders will likely be watching closely for any impacts on the company's operations and governance. The company will need to fill these key positions to ensure continuity in its financial management and board oversight functions.

Both departing officials have confirmed that there are no material reasons for their resignations beyond those stated in their resignation letters. This transparency is crucial for maintaining investor confidence during such transitions.