Ramchandra Leasing & Finance Ltd (RLFL), a non-banking financial company, has received a green light from the Reserve Bank of India (RBI) for a significant management change. The approval, granted on August 18, 2025, marks a pivotal moment for the company as it prepares to reshape its leadership structure.

RBI Approval Details

The RBI's approval came through a letter dated August 18, 2025, aligning with the Master Direction for Non-Banking Financial Companies. This regulatory clearance paves the way for RLFL to proceed with its planned management restructuring, which primarily involves the appointment of new directors to the company's board.

Regulatory Compliance

In a filing to the BSE Limited, RLFL disclosed that the management change adheres to the provisions outlined in the Master Direction – Non-Banking Financial Company – Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016, along with other applicable RBI guidelines.

Next Steps

While the RBI has given its approval, the effective date for the new appointments remains to be determined. RLFL has stated that it will communicate the exact timing of these changes in due course. Furthermore, the company is set to undertake necessary filings with the Ministry of Corporate Affairs and other regulatory bodies to formalize the management transition.

Market Impact

The news of this management change could potentially influence investor sentiment towards RLFL. As a listed entity on the BSE, market participants will likely keep a close eye on how this leadership transition unfolds and its implications for the company's future direction.

Company's Statement

Pradeep Saremal Jain, the Whole Time Director of Ramchandra Leasing & Finance Ltd, signed off on the regulatory filing, emphasizing the company's commitment to transparency and compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

This management change represents a significant development for Ramchandra Leasing & Finance Ltd, potentially setting the stage for new strategies and directions in its operations within the non-banking financial sector.

Ramchandra Leasing & Finance Ltd (RLFL) has announced significant changes in its compliance leadership, as disclosed in a recent filing with the BSE Limited.

Leadership Transition

The Board of Directors of RLFL, in a meeting held on August 04, 2025, approved two key personnel changes:

1. Resignation: Ms. Aditi Garg has stepped down from her role as Company Secretary and Compliance Officer. Her resignation is effective from the close of business hours on July 31, 2025.

2. New Appointment: Mr. Dhiraj Kumar Jha has been appointed as the new Company Secretary and Compliance Officer, effective August 04, 2025.

About the New Appointee

Mr. Dhiraj Kumar Jha brings a wealth of experience to his new role at RLFL:

• Qualifications: A qualified Company Secretary and Fellow Member of the Institute of Company Secretaries of India (ICSI), holding Membership No. F9631.
• Experience: Over 13 years of expertise in corporate law, secretarial compliance, corporate governance, listing of securities, listing compliances, and regulatory affairs.
• Previous Role: Served on the Board of JHS Svendgaard Laboratories Limited (listed on NSE and BSE) as the Company Secretary and Compliance Officer.

Responsibilities

In his new position, Mr. Jha will be responsible for ensuring compliance with various regulations, including:

• SEBI (Listing Obligations and Disclosure Requirements) Regulations
• SEBI (Prohibition of Insider Trading) Regulations, 2021
• Other applicable laws and regulations

Board Acknowledgment

The Board of Directors has placed on record its appreciation for the valuable services rendered by Ms. Aditi Garg during her tenure with the company.

Regulatory Compliance

This appointment is in accordance with Section 203 of the Companies Act, 2013, and Regulation 6 of the SEBI (LODR) Regulations, 2015. The company has duly informed the BSE Limited of these changes, adhering to Regulation 30 of the SEBI Listing Regulations.

The Board meeting discussing these changes commenced at 02:00 PM and concluded at 02:30 PM on August 04, 2025.

Ramchandra Leasing & Finance Ltd trades on the BSE under the scrip code 538540.