Key Management Changes
Cessation of Mr. Paiyur Kuppuraman Vaidyanathan:
- Ceased as Whole-time Director and Chief Development Officer effective close of business hours on 16th September, 2026
- DIN: 11234342
- Reason: Decision of Repco Bank (the Promoter) to reverse his deputation from Repco Home Finance Limited to Repco Bank
- No material reason for cessation other than the deputation reversal
- Formal resignation letter dated 16th September, 2026 enclosed as Annexure-1
Appointment of Mr. Bakthavatsalu Kannan as Chief Development Officer:
- Appointed as Chief Development Officer effective 17th September, 2026
- DIN: 11885253
- Currently serving as Whole-time Director of the Company
- Appointment approved by Nomination & Remuneration Committee and Board
- Tenure as Chief Development Officer will be co-terminus with his deputation from Repco Bank to Repco Home Finance Limited
Background on Mr. Bakthavatsalu Kannan
- Whole-time Director appointed for 2 years effective from 24th August, 2026
- General Manager of Repco Bank (Promoter) on deputation with Repco Home Finance Limited
- Educational qualifications: Bachelor's in Physics, Master's in Social Work, Diploma in Information Systems Audit, Certified Associate of Indian Institute of Bankers
- Professional experience: Over 31 years in banking sector
Financial Impact
No financial impact quantified in the disclosure. The changes represent management restructuring due to deputation arrangements with promoter bank.