Ramchandra Leasing Provides Clarification on Independent Director Resignation
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.
