Key Decision
The Board of Directors of Regal Entertainment and Consultants Limited passed a resolution by circulation on July 23, 2026, approving the appointment of Shri Satbir Singh (DIN: 06887978) as an Additional Director in the category of Executive Director.
Terms of Appointment
The appointment is for a period of 3 (three) years or till withdrawal or cancellation, whichever is earlier. The appointment is effective from the date of approval by the Reserve Bank of India (RBI) and is subject to the approval of the shareholders of the Company.
Director Profile and Experience
Shri Satbir Singh's brief profile and qualifications are as follows:
- Education: Economic Honors from Delhi University, M.A. Economics from Rajasthan University, Diploma in Financial Management from Mumbai University, and CAIIB (a certified course by the Indian Institute of Bankers (IIB)).
- Professional Experience: Over 35 years of experience with IFCI Ltd., a Government of India Undertaking and NBFC.
- Current Directorships: Director at Kard Ventures Finance Pvt. Ltd. (Kard) and Director at Black Fox Advisors Private Ltd. (BAPL).
- Previous Roles at IFCI Group:
- DGM (Accounts) at IFCI (April 2017 to April 2018)
- Managing Director at IFCI Factors Ltd. (on deputation from August 2015 to April 2017)
- Head at IFCI Lucknow Regional Office as DGM (April 2015 to August 2015)
- Chief Operating Officer (COO) at IFCI Venture Capital Funds Ltd. (on deputation from April 2014 to October 2014)
- Associate Vice President at IFCI HO, New Delhi (April 2011 to March 2014)
- Manager/AVP at IFCI Mumbai Regional Office (2008 to 2011)
Financial Impact
Financial impact not quantified in the disclosure.