BSEAd-Manum Finance LtdMediumPositive
Announced Mon, 23 Mar · 19:37 IST

We are pleased to inform that the Board of directors in its meeting held on March 23, 2026 has proposed the appointment of Directors subject to approval of RBI.

Management Changes View source PDF

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Price reaction · full curve 14 horizons · vs prior close
-5.8%1-day move
₹50.00
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AI summary

The Board of Directors of Ad-Manum Finance Ltd, at its meeting on March 23, 2026, approved the proposal to appoint Ms. Neha Singh (DIN: 11522197) as Whole-Time Director and Mr. Pramod Kishore Shrivastava (DIN: 01023565) as Non-Executive Director & Chairman. As Ad-Manum Finance is an NBFC, these appointments require prior approval from the Reserve Bank of India, followed by shareholder approval. The company has stated it is in the process of applying to the RBI and will issue a separate intimation once the approval is received and a board meeting finalises the appointments.

Likely market impact

These are proposed leadership additions pending regulatory clearance, so there is no immediate change in the board. Once RBI and shareholder approvals come through, the new Whole-Time Director and Chairman could bring fresh direction to the company, but until then the impact on the stock is neutral.