Two independent directors resign; one additional independent director appointed

Board meeting outcome of Shri Niwas Leasing And Finance Ltd, held on 12th October 2026 from 6:00 PM to 6:40 PM IST.

Mon 12 Oct 2026

Resigning Independent Directors

Mr. Ravindra Dilip Davrung (DIN: 11232334) and Ms. Rekhaben Sanjay Bhanushali (DIN: 11232261)

New Appointment

Ms. Anjali Kishor Gajra (DIN: 11283629) appointed as Additional Independent & Non-Executive Director

Effective Date

12th October 2026

Board changes approved in a single meeting

The board of Shri Niwas Leasing And Finance Ltd met on 12th October 2026, commencing at 6:00 PM IST and concluding at 6:40 PM IST, and approved changes to the composition of the board. All the changes take effect from 12th October 2026.

Two independent directors step down

• Mr. Ravindra Dilip Davrung (DIN: 11232334), an Independent Director, has resigned with effect from 12th October 2026. The brief profile annexed to the update gives the reason as Personal Reason.
• Ms. Rekhaben Sanjay Bhanushali (DIN: 11232261), an Independent Director, has also resigned with effect from 12th October 2026, with the reason given as personal reason.
• The update states that both are not related to the Directors or Key Managerial Personnel of the company, and that neither is debarred from holding the office of director by virtue of any SEBI order or any other authority.
• The company also states that it has received confirmation from all directors that there is no other material reason for their resignation other than those provided in the resignation.

A new independent director is appointed

• Ms. Anjali Kishor Gajra (DIN: 11283629) has been appointed as an Additional Independent & Non-Executive Director of the company with effect from 12th October 2026.
• Her profile in the annexure shows she is a graduate, and she is not related to any Director of the company.
• The appointment is described as additional and non-executive, and independent in nature.

What this means for retail investors

• Two independent directors leaving the board on the same day is a change in board composition that investors generally keep an eye on, since independent directors are meant to provide oversight. Here, the stated reasons are personal, and the company has confirmed there is no other material reason.
• In the same meeting, one new independent director has been brought on board. Investors may want to follow future updates for the full board composition and committee reconstitution that follows such changes.
• The update itself carries no financial figures, so the impact is limited to the governance and board-composition side rather than to the company's operations or earnings.

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