
Management Change18 Aug 2026, 04:42 pm
Arco Leasing Directors Resign Due to Stake Sale
AI Summary
Arco Leasing Ltd has announced the resignation of two directors, Mr. Rajendra Mahavirprasad Ruia and Mr. Narendra Mahavirprasad Ruia, effective August 18, 2026. The resignations are attributed to the sale of their stakes and a subsequent change in the management and control of the company. The Board of Directors has accepted their resignations and expressed appreciation for their past contributions. Both directors have confirmed no other material reasons for their departure beyond the stated change in ownership.
Key Highlights
- Two directors resign effective August 18, 2026.
- Resignations are due to stake sale and change in control.
- Board accepts resignations and thanks directors for service.
- No other material reasons for resignation confirmed.
Price Impact
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