Asset Reconstruction Company (India) Limited (ARCIL) has submitted a regulatory disclosure to the National Stock Exchange of India Limited and BSE Limited regarding the appointment of a new director, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Board of Directors of the Company, at its meeting held on Tuesday, September 01, 2026, on the recommendation of the Nomination and Remuneration Committee, approved the appointment of Mr. Satyendra Kumar Singh (DIN: 10192181) as a Non-Executive - Nominee Director of the Company. This appointment was to be effective from the date of approval by the Reserve Bank of India (RBI).

The Company received RBI approval for this appointment on October 30, 2026. The approval is for a term not exceeding five (5) years, subject to the approval of the shareholders of the Company.

The appointment is subject to obtaining approval from the members of the Company in the ensuing general meeting or within three months from the date of his appointment (October 30, 2026), whichever is earlier, as required by Regulation 17(1C) of the Listing Regulations.

The company affirms that Mr. Satyendra Kumar Singh is not debarred from holding the office of Director by virtue of any order of the Securities and Exchange Board of India or any other authority.

Director Profile (From Annexure A)

  • Name: Mr. Satyendra Kumar Singh
  • Appointment Type: Appointment as Non-Executive - Nominee Director
  • Date of Appointment: October 30, 2026
  • Term of Appointment: Not exceeding Five (5) years
  • Brief Profile: Mr. Singh is a graduate in Economics. He is currently serving as the Chief Credit Officer and Chief Sustainability Officer at State Bank of India (SBI). In this role, he is responsible for setting policy directions in the areas of credit and ESG, as well as overseeing credit approvals, credit processes, and credit policy & procedures across the Bank. His prior roles include Deputy Managing Director (Commercial Clients Group), where he oversaw more than 1000 corporate client relationships; Chief General Manager (Kolkata Circle); Chief General Manager (Corporate Accounts Group); and Chief Executive Officer of SBI's London office (2019 to 2022). He also worked at SBI Sydney overseeing Operations, Compliance & Risk (2008 to 2013). He has also been designated as a Nominee Director representing SBI on the Boards of NeSL (National e-Governance Services Ltd).
  • Relationships between Directors: None disclosed.

The disclosure was made by Ameet Ashok Kela, Company Secretary and Compliance Officer (Membership No.: F7934), and is also available on the company's website.