Two Independent Directors resign with effect from 12 October 2026

Board meeting of Shri Niwas Leasing And Finance Ltd held on Monday, 12 October 2026, 06:00 p.m. to 06:40 p.m.

Mon 12 Oct 2026

Board Meeting Date and Time

Monday, 12 October 2026, 06:00 p.m. to 06:40 p.m.

Resignation Effective Date

12 October 2026

Reason for Resignation

"personal reason"

Two Independent Directors step down

Shri Niwas Leasing And Finance Ltd informed the exchanges that its Board of Directors met on Monday, 12 October 2026 from 06:00 p.m. to 06:40 p.m. The resignation of two Independent Directors was placed before the Board, both effective 12 October 2026:

• Mr. Ravindra Dilip Davrung (DIN 11232334), Independent Director
• Ms. Rekhaben Sanjay Bhanushali (DIN 11232261), Independent Director

Reason given

The brief profiles shared along with the disclosure record the reason for both resignations as "personal reason". The resignation letters, addressed to the Board, state that each director tenders resignation from the position of Independent Director of the Company with effect from 12 October 2026 due to personal reasons, and requests the Board to relieve them of their duties and file the necessary forms and intimations with the Registrar of Companies and other statutory authorities to give effect to the resignation.

What else the disclosure records

• Mr. Ravindra Dilip Davrung is not related to the Directors or Key Managerial Personnel of the Company and is not debarred from holding the office of Director by virtue of any SEBI order or any other authority.
• Ms. Rekhaben Sanjay Bhanushali is not related to the Directors or Key Managerial Personnel of the Company and is not debarred from holding the office of Director by virtue of any SEBI order or any other authority.

What this means for a retail reader

Independent Directors sit on the board to represent the interests of minority and public shareholders and to oversee matters such as audit, related-party transactions and board-level governance. A change in their number therefore changes the composition of the board and its committees.

Here, two Independent Directors step down on the same date. The stated reason in both cases is personal. Investors typically track such developments because the pace and timing of board changes, along with the reasons recorded, are read as signals about board continuity. The disclosure itself does not attach any other explanation, and the effective date of both exits is 12 October 2026.

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