Management Change18 Jun 2026, 07:10 pm
Arco Leasing Subsidiary: RBI Approves Management Change
AI Summary
Arco Leasing Ltd has announced a significant change in the management of its material subsidiary, Ansu Trade & Fiscals Private Limited. The Reserve Bank of India (RBI) has granted approval for the appointment of Mr. Atul Jaiswal and Mr. Jitesh Kothari as Directors on the subsidiary's board. Their tenure is set to extend up to June 01, 2031, subject to adherence to stipulated conditions and applicable laws. This development signifies regulatory oversight and potential strategic shifts within the subsidiary's leadership.
Key Highlights
- RBI approves new directors for Arco Leasing's material subsidiary.
- Mr. Atul Jaiswal and Mr. Jitesh Kothari appointed as Directors.
- New directorships are valid until June 01, 2031.
- Appointment is subject to regulatory compliance.
- Indicates regulatory approval for subsidiary's leadership.
Price Impact
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