Capital India Finance Limited has informed the Exchange regarding Change in Auditors of the company.
CIFL · price
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The board, at its meeting on August 13, 2025, approved the re-appointment of Mr. Keshav Porwal as Managing Director for a further 3-year term effective November 27, 2025, subject to shareholder approval; his current term ends November 26, 2025. It also appointed M/s. Arun Gupta & Associates, Company Secretaries, as the new Secretarial Auditor for a 5-year term from April 1, 2025 to March 31, 2030, again subject to shareholder nod. The board cleared an amendment to the Memorandum of Association to add insurance intermediation and corporate agency business as a new activity. The 31st Annual General Meeting has been scheduled for September 25, 2025, with September 19, 2025 as the record date to determine dividend eligibility.
Leadership continuity is maintained with the MD's re-appointment, reducing any near-term succession uncertainty. The proposed entry into insurance intermediation and corporate agency business opens a potential new revenue stream, though it still requires shareholder and regulatory approvals before execution.