The company received and took on record the resignation of the following Directors, with effect from the close of business hours on August 18, 2026:
1. Mr. Rajendra Mahavirprasad Ruia (DIN: 01300823) resigned from the office of Whole-Time Director of the Company.
2. Mr. Narendra Mahavirprasad Ruia (DIN: 01228312) resigned from the office of Director of the Company.
The Board of Directors accepted both resignations. The Board placed on record its sincere appreciation for their valuable services, guidance, and contribution during their tenure with the Company.
Reason for Resignation
As per the annexures and resignation letters, the reason for both resignations is identical: "pursuant to sale of his stake and change in management and control of the Company." Both directors have confirmed that there are no other material reasons for their resignation.
Company Details and Signatory
The intimation was signed by Mr. Jitesh Kothari, Whole Time Director (DIN: 07522761).
Company CIN: L65910MH1984PLC031957.
#Tags: #ArcoLeasing #ManagementChange #SEBILODR #Regulation30 #SEBIDisclosure #Neutral