Ekam Leasing Appoints New Company Secretary & Compliance Officer

Ekam Leasing and Finance Company Ltd has appointed Ms. Diksha, aged 34, as its new Company Secretary and Compliance Officer, effective April 6, 2026. This move aims to strengthen the non-banking financial company's (NBFC) governance and ensure it meets ongoing regulatory requirements.

Key Appointment Details

Ekam Leasing & Finance Company Ltd announced the appointment of Ms. Diksha as its Company Secretary and Compliance Officer. The Board of Directors confirmed the appointment during a meeting held on April 6, 2026. Ms. Diksha, who is 34 years old, will assume her duties with immediate effect from April 6, 2026.

Why This Matters

The Company Secretary and Compliance Officer roles are critical for any listed entity. They ensure the company adheres to statutory and regulatory requirements, manage board affairs, and uphold corporate governance standards. The appointment shows a commitment to strong compliance processes.

Background on Past Appointments

Ekam Leasing, a New Delhi-based NBFC incorporated in 1993, operates in the financing and leasing sector. The company has experienced changes in this key role previously. Ms. Shikha Garg, aged 27, was appointed in January 2025, but Ms. Nisha Kashyap had resigned effective January 9, 2025. Earlier, in June 2020, the company had deferred appointing a successor after Ms. Komal's resignation. These past changes show how important stable leadership is for the company's ongoing governance.

What Changes Now

Investors can anticipate a stronger focus on regulatory compliance and corporate governance practices. The appointment fills a critical gap, ensuring the company has dedicated leadership for compliance matters. This move may help in addressing past concerns regarding regulatory filings and adherence.

Risks to Watch

Auditors have previously issued a qualified opinion, noting that Ekam Leasing's Net Owned Fund (NOF) was below the RBI-mandated ₹5 crore as of March 31, 2025. This situation poses potential regulatory implications for the company's NBFC status.

Further concerns include loans given to 'Alsan Buildcon Private Limited' and interest income booked from it, where Alsan Buildcon is a struck-off entity. Similarly, a loan from 'N K J Securities Private Limited', also struck off, was noted. The company was involved in a Delhi High Court case concerning the Union of India in May 2022.

Peer Comparison

Ekam Leasing operates in the NBFC space alongside peers like IIFL Finance Ltd. Compared to larger peers like IIFL Finance, Ekam Leasing's smaller scale and regulatory hurdles mean a different risk profile. The appointment of a CS is a standard governance practice across the sector, but Ekam's specific challenges mean this role is critical for navigating its unique issues.

Key Financial & Regulatory Data

• Net Owned Fund (NOF): Below RBI mandated ₹5 crore as of March 31, 2025.
• Company Incorporation: 1993.

What to Track Next

Investors should monitor the company's efforts to meet the minimum Net Owned Fund requirement to retain its NBFC status. Future announcements and board meeting outcomes will show how effectively the new Company Secretary manages compliance. Any progress on operational efficiency or financial performance improvements will be keenly watched. The company's ability to address auditor concerns regarding related-party transactions will be critical.