BSEAd-Manum Finance LtdMediumNeutral
Announced Wed, 10 Jun · 19:50 IST

Intimation of Appointment of Directors of the Company w.e.f. June 10, 2026

Management Changes View source PDF

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Price reaction · full curve 14 horizons · vs prior close
-5.5%1-day move
₹63.50
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AI summary

Ad-Manum Finance Ltd, on June 10, 2026, announced two key board appointments. Ms. Neha Singh, the existing Company Secretary, was elevated to Whole-Time Director for a 3-year term and designated as a Key Managerial Personnel. Mr. Pramod Kishore Shrivastava, a Chartered Accountant and LL.M with over 20 years of experience in financial control and treasury management, was appointed as Additional Director and Non-Executive Chairman. Both appointments are subject to shareholder approval within 3 months. Ms. Neha Singh brings nearly 13 years of experience in NBFC governance and regulatory compliance with regulators like RBI, SEBI, and Stock Exchanges.

Likely market impact

The appointments bring experienced professionals to the board in governance and finance roles, which is broadly positive for an NBFC. The elevation of the existing Company Secretary to Whole-Time Director suggests continuity in compliance functions. These are routine board-strengthening moves and are generally neutral for shareholders, pending shareholder approval at the upcoming general meeting.