Board Appointment at Abhinav Leasing & Finance
Abhinav Leasing & Finance Limited (BSE) has announced the appointment of Deepanshu Mittal as Company Secretary cum Compliance Officer and Key Managerial Personnel (KMP). The appointment takes effect from June 4, 2026. Mittal, an associate member of the Institute of Company Secretaries of India (ICSI), will serve in this dual capacity at the Delhi-based listed entity.
The board appointment was formally approved and intimated to the BSE in line with regulatory disclosure requirements. Mittal's designation as KMP brings him under the statutory definition under the Companies Act, 2013, which mandates certain senior-level positions to be classified as key managerial personnel in listed companies.
Regulatory Framework and Compliance Responsibilities
The appointment has been made pursuant to the provisions of the Companies Act, 2013 and Regulation 6 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. These provisions mandate that every listed entity must appoint a qualified Company Secretary who also serves as the compliance officer for ensuring adherence to listing requirements.
The Company Secretary role in a listed company encompasses several critical functions:
- Maintaining statutory registers and records
- Ensuring timely compliance with Companies Act provisions
- Coordinating board meetings and shareholder communications
- Managing regulatory filings with ROC and SEBI
- Monitoring adherence to SEBI LODR requirements
- Overseeing corporate governance practices
Significance for a Listed Leasing and Finance Company
For a company operating in the leasing and finance sector, the role of Company Secretary carries additional weight. Finance and NBFC entities face heightened regulatory scrutiny from multiple regulators, including RBI oversight of lending operations and SEBI monitoring of listed entity compliance. The appointment of a qualified Company Secretary from ICSI ensures the company maintains structured compliance oversight across these varied regulatory domains.
The designation as KMP under Section 203 of the Companies Act, 2013, signifies that Mittal will be part of the top management structure. This classification imposes additional responsibilities and accountability for statutory compliance at the senior leadership level.
As an ICSI associate member, Mittal brings professional credentials that meet the statutory qualification requirements for the role. The institute sets standards for company secretaries in India and ensures its members are trained in corporate law, securities laws, and corporate governance practices.
Disclosure and Market Intimation
The appointment has been disclosed through BSE filings, ensuring transparency for shareholders and the investing community. Such disclosures fall under the continuous disclosure obligations under SEBI LODR Regulations, which require listed companies to intimate material events and appointments of KMPs to the stock exchanges promptly.
This appointment positions Abhinav Leasing & Finance to strengthen its corporate governance framework as it continues its operations in the leasing and finance sector. The effective date of June 4, 2026, provides adequate time for a structured transition and onboarding process.
Disclaimer: This article is based solely on BSE filings and public disclosures. It does not constitute investment advice or a recommendation regarding Abhinav Leasing & Finance securities. Investors are advised to conduct their own due diligence before making investment decisions.