Ramchandra Leasing & Finance Limited Announces Resignation of Independent Director Ms. Harsha Hitesh Bhansali

1 min read     Updated on 08 Jan 2026, 07:03 PM
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Overview

Ramchandra Leasing & Finance Limited has announced the resignation of Ms. Harsha Hitesh Bhansali from her position as Non-Executive Independent Director, effective January 07, 2026, due to personal reasons. The company has filed the necessary regulatory disclosures with BSE under SEBI Listing Regulations, and the resignation will be formally considered by the Board in their upcoming meeting. Ms. Bhansali confirmed that her departure is purely on personal grounds with no other material reasons involved.

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Ramchandra Leasing & Finance Limited has announced the resignation of Ms. Harsha Hitesh Bhansali from her position as Non-Executive Independent Director, effective January 07, 2026. The company informed BSE Limited about this development on January 08, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Director Resignation Details

Ms. Bhansali, who holds Director Identification Number (DIN) 08522254, submitted her resignation citing personal reasons. In her resignation letter dated January 07, 2026, she confirmed that her departure is purely on personal grounds with no other material reasons involved.

The key details of the resignation are presented below:

Parameter: Details
Director Name: Ms. Harsha Hitesh Bhansali
DIN: 08522254
Position: Non-Executive Independent Director
Resignation Date: January 07, 2026
Reason: Personal Reasons
Other Listed Directorships: NIL

Regulatory Compliance and Next Steps

The company has fulfilled its regulatory obligations by filing the necessary disclosures with BSE Limited. The resignation letter will be placed before the Board of Directors in the upcoming Board Meeting for formal consideration and acceptance in accordance with SEBI regulations.

Company Secretary and Compliance Officer Dhiraj Kumar Jha (Membership No. F9631) signed the regulatory filing, ensuring compliance with the listing requirements. The company has also provided the revised details as required under Regulation 30 of the Listing Regulations, along with the SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Company Information

Ramchandra Leasing & Finance Limited operates under CIN L65910GJ1993PLC018912 and trades on BSE with scrip code 538540 and symbol RLFL. The company maintains its registered office at 201, Rudra Plaza Complex, Dandia Bazar Main Road, Vadodara – 390001, with a branch office located in Mumbai's Kalbadevi area.

In her resignation letter, Ms. Bhansali expressed gratitude to the Board and management for their support, confidence, and cooperation during her tenure. She wished the company continued success in all future endeavors while confirming that her decision was based solely on personal considerations.

Ramchandra Leasing Provides Clarification on Independent Director Resignation

2 min read     Updated on 05 Jan 2026, 02:02 PM
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Overview

Ramchandra Leasing & Finance Limited submitted additional clarification to BSE following a query about the resignation of Non-Executive Independent Director Mr. NitinKumar Bhawaral Parmar. The company confirmed the director holds no positions in other listed companies and provided comprehensive regulatory disclosures as required under SEBI regulations.

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Ramchandra Leasing & Finance Limited has provided additional clarification to BSE Limited regarding the resignation of its Non-Executive Independent Director, following a query from the stock exchange. The financial services company submitted comprehensive details about the director's resignation in response to BSE's inquiry about directorships held in other listed companies.

Director Resignation Details

Mr. NitinKumar Bhawaral Parmar (DIN: 07551010) tendered his resignation from the Board of Directors on January 03, 2026, with the resignation becoming effective January 05, 2026. The director cited personal reasons for his decision to step down from his position as Non-Executive Independent Director.

Parameter: Details
Director Name: Mr. NitinKumar Bhawaral Parmar
DIN: 07551010
Position: Non-Executive Independent Director
Resignation Date: January 03, 2026
Effective Date: January 05, 2026
Reason: Personal reasons
Other Listed Directorships: Nil

BSE Clarification Response

Following BSE's query regarding directorships held in other listed companies by the resigning director, Ramchandra Leasing & Finance confirmed that Mr. Parmar holds no directorship positions in any other listed companies. The company filed this clarification on January 06, 2026, providing revised details as required under Regulation 30 of the Listing Regulations.

The clarification included comprehensive annexures detailing the resignation particulars and the director's resignation letter. Company Secretary and Compliance Officer Dhiraj Kumar Jha digitally signed the regulatory filing, ensuring proper documentation of all required disclosures.

Regulatory Compliance Framework

Compliance Aspect: Details
Primary Regulation: Regulation 30 of SEBI LODR 2015
SEBI Circular Reference: SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123
Circular Date: July 13, 2023
Filing Date: January 06, 2026
Annexures Provided: Resignation particulars and letter

The company has fulfilled its obligations under SEBI regulations by providing timely intimation and comprehensive disclosures to the stock exchange. The resignation letter will be formally placed before the Board of Directors in the upcoming board meeting for consideration and acceptance in accordance with applicable regulations.

Director's Formal Statement

In his resignation letter dated January 03, 2026, Mr. Parmar confirmed that his decision was purely based on personal grounds with no other material reasons. He expressed sincere gratitude to the Board and management for their support, confidence, and cooperation during his tenure as Independent Director, wishing the company continued success in future endeavors.

Company Profile

Ramchandra Leasing & Finance Limited operates in the financial services sector with CIN L65910GJ1993PLC018912. The company maintains its registered office at 201, Rudra Plaza Complex, Dandia Bazar Main Road, Vadodara, and operates a branch office in Mumbai's Kalbadevi area. The company trades on BSE under scrip code 538540 with symbol RLFL and ISIN INE516P01015.

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