GDL Leasing & Finance Limited , a company listed on the Bombay Stock Exchange (BSE), has announced a change in its corporate governance structure. The company's secretarial auditor, M/s. C. Gaur and Associates, has tendered their resignation, effective November 11, 2025.

Key Details of the Resignation

Implications and Next Steps

The resignation of the secretarial auditor is a notable event in the company's corporate governance framework. GDL Leasing & Finance Limited has taken action to comply with regulatory requirements:

1. Regulatory Disclosure: The company has submitted the required regulatory disclosures to the BSE, in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

2. Notification to Authorities: The company has requested that notice of the resignation be given to the concerned registrar of companies and stock exchanges where its equity shares are listed.

3. Immediate Effect: Despite the original appointment spanning from 2025-2026 to 2029-30, the auditors will be relieved from their services with immediate effect.

Management's Response

Prem Kumar Jain, the Managing Director of GDL Leasing & Finance Limited, has officially communicated this change to the BSE. The company has provided detailed information as required by SEBI regulations, demonstrating transparency in its corporate communications.

Auditor's Statement

In their resignation letter, C Gaur & Associates expressed gratitude to the management and board members of GDL Leasing & Finance Limited, wishing the company success in its future endeavors.

This change in the secretarial audit role may require the company to appoint a new auditor to ensure continuity in their corporate governance practices. Stakeholders and investors will likely be interested in how the company addresses this change and maintains its regulatory compliance.

GDL Leasing & Finance Limited has announced a significant change in its leadership team. Mr. Deepak Kumar Gangwani has stepped down from his position as Whole Time Director, effective September 6, 2025.

Board Meeting and Resignation Approval

The company's Board of Directors convened a meeting on September 6, 2025, which commenced at 4:00 PM and concluded at 4:30 PM. During this meeting, the Board formally approved Mr. Gangwani's resignation.

Details of the Departing Director

Mr. Deepak Kumar Gangwani, who held the position of Whole Time Director, has the Director Identification Number (DIN) 00761959. The company has explicitly stated that Mr. Gangwani does not have any relationship with other directors of GDL Leasing & Finance Limited.

Regulatory Compliance

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, GDL Leasing & Finance Limited promptly informed the BSE Limited about this change in Key Managerial Personnel. The company submitted the required details as per the SEBI circular dated July 13, 2023.

Company Secretary Statement

Reetu, the Company Secretary and Compliance Officer of GDL Leasing & Finance Limited, signed the official communications regarding Mr. Gangwani's resignation. These documents were digitally signed and dated September 6, 2025.

This change in the company's leadership structure may be of interest to shareholders and market watchers.