Ramchandra Leasing & Finance Limited has formally announced the resignation of Mr. Pramod Kumar Gadiya from his position as Non-Executive Director, effective January 05, 2026. The company notified the Bombay Stock Exchange on January 01, 2026, in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Director Resignation Details

Mr. Pramod Kumar Gadiya (DIN: 02258245) submitted his resignation letter on December 31, 2025, citing personal reasons for his departure from the board. The resignation becomes effective from January 05, 2026, marking the end of his tenure as a Non-Executive Director.

Regulatory Compliance and Process

The resignation letter will be formally placed before the Board of Directors in the upcoming board meeting for consideration and acceptance. Company Secretary and Compliance Officer Dhiraj Kumar Jha (M. No. F9631) signed the notification, ensuring adherence to regulatory requirements.

In his resignation communication, Mr. Gadiya confirmed that his departure is purely on personal grounds with no other material reasons. He expressed gratitude to the board and management for their support and cooperation during his tenure, wishing the company continued success in future endeavors.

Previous Board Meeting Plans

The company had previously scheduled a board meeting for January 03, 2026, to consider director appointments including Mr. Akhil Mittal and Ms. Pratika Sharma as additional non-executive directors. The resignation of Mr. Gadiya adds another significant agenda item to the board's governance discussions during this period of leadership transition.

Ramchandra Leasing & Finance Limited has received a disclosure under SEBI's Substantial Acquisition of Shares and Takeovers (SAST) regulations from promoter Pratika Sharma regarding the acquisition of additional equity shares in the company.

Transaction Details

The share acquisition was completed on December 19, 2025, through an inter-se transfer mechanism. The transaction was executed in compliance with a Share Purchase Agreement that was originally dated November 29, 2024.

Pre-Transaction Holdings

Prior to this acquisition, Pratika Sharma's shareholding position in the company was as follows:

Regulatory Compliance

The disclosure was filed with BSE Limited on December 23, 2025, in accordance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing confirms that Pratika Sharma belongs to the promoter group of the company.

The transaction represents a move within the promoter group structure, executed through the inter-se transfer route rather than through open market purchases. Such transfers typically occur between existing promoters or promoter group entities.