MD and CFO resign together; Satish Sahadev Kalmaste appointed to both roles

Top-management change at Leading Leasing Finance and Investment Company Ltd.

Thu 8 Oct 2026

MD and CFO resignation effective date

8th October 2026

New MD appointment term

five consecutive years, 8th October 2026 to 7th October 2031

New MD DIN

10937141

Two top roles change hands at once

The Board of Leading Leasing Finance and Investment Company Ltd met on 8th October 2026 and approved a set of changes at the top of the company, along with a committee reshuffle.

The exit

• Mr. Ketanbhai Shivabhai Gosai [DIN: 11543634] has resigned as Managing Director and Chief Financial Officer (CFO) of the Company with effect from 8th October 2026.
• The stated reason is pre-occupation with other professional commitments.
• He has confirmed that there is no material reason for his resignation other than mentioned in his resignation letter.
• In the resignation letter, the cessation is with effect from close of business hours on 8th October 2026.

The replacement

• Mr. Satish Sahadev Kalmaste [DIN: 10937141] has been appointed Managing Director of the Company with effect from 8th October 2026 for a period of five consecutive years.
• The term runs from 8th October 2026 to 7th October 2031.
• The appointment is subject to the approval of regulatory/statutory authorities and the shareholders of the Company at the General Meeting.
• He has also been appointed Chief Financial Officer (CFO) of the Company with effect from 8th October 2026.

What the update says about him

• Holds a Bachelor of Commerce (B. Com) degree from Mumbai University.
• Has over 11 years of experience in Accounts, Finance, and Income Tax.
• Is not related to any Director or KMP and Promoters of the Company.
• Is not debarred from holding the office of director by virtue of any SEBI order or any other such authority.
• Holds NIL shares in the Company.
• Holds directorship in three unlisted entities: ZINGAT STUDIOS PRIVATELIMITED, NEOTT MEDIA PRIVATATE LIMITED and HITZ MUSIC LIMITED.

Other items

• The Board has approved the reconstitution of various committees of Board of Directors.
• The meeting started at 03:30 PM and concluded at 04:00 PM.

How to read this

• The same person, Mr. Satish Sahadev Kalmaste, has been appointed to both the Managing Director and CFO positions, the two roles that Mr. Gosai has resigned from.
• The Managing Director appointment for five consecutive years is subject to approval of the shareholders at the General Meeting and of regulatory/statutory authorities.
• The update records the reason for the exit as pre-occupation with other professional commitments, with a confirmation that there is no material reason other than that mentioned in the resignation letter.
• A change of Managing Director and CFO is a top-level management event; the update also notes that the resigning director holds directorship in NIL listed entities.

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