Key Appointments Approved at AGM

The AGM approved two key appointments:

1. Re-appointment of Managing Director

  • Director Name: Mr. Mikhil Innani (DIN: 02710749)
  • Reason for Change: Re-appointment due to retirement by rotation.
  • Date of Re-appointment: September 17, 2026.
  • Role: Managing Director & CEO of the company.
  • Profile: The brief profile provided states Mr. Innani is building an "AWS for Lending" platform to enable companies to start digital lending in under 48 hours. He oversees the overall management of the company subject to the Board's directions. The disclosure credits his efforts and dedication as a major source for the company's growth and cites "tremendous growth" under his leadership.
  • Disclosure Requirement: This information was provided as per SEBI Circular ref. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

2. Appointment of Secretarial Auditor

  • Firm Name: M/s. Pranay D. Vaidya and Co. (a peer-reviewed firm of Practicing Company Secretaries)
  • Reason for Change: Appointment of a new Secretarial Auditor.
  • Term of Appointment: Five consecutive years, commencing from the financial year 2026-27 until the financial year 2030-31.
  • Date of Appointment: Approved by members at the AGM held on September 17, 2026.
  • Firm Details:
  • Address: S 45 second floor, Sej plaza, next to Aspee Nutan School Office, S.V. Road, Marve road, Malad west, Mumbai, Maharashtra, India.
  • Firm Profile: Described as a professionally managed firm providing comprehensive corporate compliance solutions across regulatory frameworks including the Companies Act, RBI, and SEBI regulations. The firm emphasizes robust compliance for operational efficiency and stakeholder trust.
  • Disclosure Requirement: This information was provided pursuant to Part A of Schedule III of Regulation 30 of the Listing Regulations read with the SEBI Master Circular.

Financial Impact

Financial impact of these appointments is not quantified in the disclosure.