News Stocks Leading Leasing Finance Board Meeting Outcome: Director Appointment and ResignationLeading Leasing Finance Board Meeting Outcome: Director Appointment and Resignation
Leading Leasing Finance and Investment Company Limited conducted a board meeting on February 21, 2026, resulting in key directorial changes. The company appointed Ms. Shweta as Additional Non-Executive Independent Director for five consecutive years, subject to regulatory and shareholder approvals, while accepting the resignation of Mr. Saumik Arvind Ghervada from his Independent Director position due to pre-occupancy. All disclosures were made in compliance with SEBI regulations.
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Leading Leasing Finance and Investment Company Limited announced significant board changes following its meeting held on February 21, 2026. The company's board of directors approved the appointment of a new independent director while accepting the resignation of an existing board member, with all decisions made in compliance with regulatory requirements.
Board Appointment Details
Based on the recommendation of the Nomination and Remuneration Committee, the board appointed Ms. Shweta (DIN: 10283634) as Additional Director in the category of Non-Executive Independent Director. The appointment is effective from February 21, 2026, for a period of five consecutive years, subject to approval from regulatory authorities and shareholders at the General Meeting.
| Parameter: | Details |
|---|---|
| Director Name: | Ms. Shweta |
| DIN: | 10283634 |
| Category: | Non-Executive Independent Director |
| Effective Date: | February 21, 2026 |
| Term: | Five consecutive years |
| Approval Required: | Regulatory/statutory authorities and shareholders |
Ms. Shweta brings professional experience in corporate governance, marketing and communication to the board. She possesses strong interpersonal skills, strategic thinking capabilities, and stakeholder engagement experience. Her educational background includes a Bachelor of Arts and Master of Arts from State University, Allahabad, and she is currently pursuing LL.B. The newly appointed director has no relationships with existing directors and holds no directorships in other listed entities.
Director Resignation
Mr. Saumik Arvind Ghervada (DIN: 10859766) resigned from his position as Independent Director with effect from February 21, 2026. The resignation was attributed to pre-occupancy, and he confirmed that there are no material reasons for his resignation other than those mentioned in his resignation letter.
| Parameter: | Details |
|---|---|
| Director Name: | Mr. Saumik Arvind Ghervada |
| DIN: | 10859766 |
| Position: | Independent Director |
| Resignation Date: | February 21, 2026 |
| Reason: | Pre-occupancy |
| Other Listed Directorships: | None |
Meeting Details and Compliance
The board meeting commenced at 01:30 PM and concluded at 02:00 PM on February 21, 2026. The company has made all disclosures in compliance with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015, and Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
| Meeting Parameter: | Details |
|---|---|
| Meeting Date: | February 21, 2026 |
| Start Time: | 01:30 PM |
| End Time: | 02:00 PM |
| Regulatory Compliance: | SEBI Circular CIR/CFD/CMD/4/2015 |
| Stock Exchanges Notified: | BSE Limited, Metropolitan Stock Exchange |
The company has confirmed that Ms. Shweta is not debarred from holding the office of director by virtue of any SEBI order or any other authority, as required pursuant to BSE Limited's Circular No. LIST/COMP/14/2018-19 dated June 20, 2018. The board changes reflect the company's commitment to maintaining strong corporate governance practices while ensuring continuity in its strategic direction.
Historical Stock Returns for Leading Leasing Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -7.81% | -14.24% | -18.96% | -54.75% | -51.56% | -55.24% |
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