Change in Director / Key Managerial Personnel
Nature of change: Extension of tenure of Chief Compliance Officer
Name and DIN of the individual: Mr. R. Vijayaraghavan (DIN not disclosed in the data)
Effective date and tenure: The extension is for a period of 3 (three) years effective from October 1, 2026
Brief profile and relevant qualifications: Mr. R. Vijayaraghavan is a qualified Company Secretary and Cost Accountant with approximately 38 years of work experience in areas of legal precision, dispute resolution, financial acumen, and regulatory strategy. Prior to joining Five-Star Business Finance Limited, he was with J.K. Fenner (India) Limited handling areas including Compliance, Internal Audit, litigation and dispute resolution, and Intellectual Property. He has been associated with the Company for the last 3 years and has been serving as the Chief Compliance Officer since October 2023.
Confirmation of eligibility: The extension was approved pursuant to Reserve Bank of India circular dated April 11, 2022 read with Reserve Bank of India (Non-Banking Financial Companies - Governance) Directions and based on recommendations of the Nomination and Remuneration Committee.
Previous KMP: Mr. Vijayaraghavan has held the Chief Compliance Officer position since October 2023, and this represents an extension of his existing tenure rather than a replacement.
Key Financial or Operational Approvals
The Board of Directors at its meeting held on July 25, 2026 approved the extension of tenure of Mr. R. Vijayaraghavan as Chief Compliance Officer. This decision was made based on the recommendations of the Nomination and Remuneration Committee and in compliance with RBI governance directions.
Strategic or Business Context
The appointment extension demonstrates the company's focus on maintaining regulatory compliance and governance standards in accordance with RBI requirements for Non-Banking Financial Companies. The retention of an experienced compliance officer with 38 years of experience supports the company's commitment to robust compliance frameworks.