CEO Bobby Singh Chandel Resigns, Citing Personal Reasons

The CEO has stepped down.

Tue 29 Sep 2026

CEO Name

Mr. Bobby Singh Chandel

Position

Chief Executive Officer and Key Managerial Personnel

Effective Date

Close of business hours on September 28, 2026

Resignation Received

September 29, 2026

Reason

Personal reasons

What happened

DhanSafal Finserve Limited (formerly Luharuka Media & Infra Limited) told BSE that Mr. Bobby Singh Chandel has resigned from the position of Chief Executive Officer and Key Managerial Personnel.

• Cessation takes effect from the close of business hours on September 28, 2026.
• The company received his resignation intimation by email dated September 29, 2026.
• Reason recorded in the update: personal reasons.
• Relationship between directors inter-se: None.

From the resignation letter

In his email to the Board, Mr. Chandel requested the Board to accept his resignation and relieve him from the CEO and KMP position from the close of business hours on 28 Sept 2026. He stated he will provide a reasonable and orderly handover, including relevant business information, lender relationships, ongoing transactions, and regulatory and management matters, so that continuity is maintained. He also stated he will maintain confidentiality of the company's proprietary information and cooperate on matters arising from his tenure, provided this does not impose continuing personal financial liability on him.

How investors may read this

The exit of a Chief Executive Officer is a senior management change. For a finance company, the CEO typically drives lending operations and lender relationships, so investors often watch for who takes charge next and whether business momentum is affected. The update was signed by Managing Director Ankur Agrawal, who continues in office.

The intimation has also been placed on the company's website. Investors may look out for a subsequent announcement on a successor or interim arrangement.

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