Capital India Finance Limited has informed the Exchange regarding Change in Director(s) of the company.
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Capital India Finance's board, at its August 13, 2025 meeting, approved the re-appointment of Mr. Keshav Porwal as Managing Director for a further 3 years effective November 27, 2025, subject to shareholder approval. Mr. Porwal, an industry veteran with over two decades of experience in finance and real estate, is not related to any other director on the board. The board also appointed M/s. Arun Gupta & Associates as Secretarial Auditors for a 5-year term from April 1, 2025 to March 31, 2030. Additionally, the company will amend its Memorandum of Association to add insurance intermediation and corporate agency business, subject to shareholder and regulatory approvals. The 31st AGM is scheduled for September 25, 2025, with September 19, 2025 set as the record date for determining dividend eligibility, if declared.
The MD's continuation provides leadership stability, while the move into insurance intermediation could open a new revenue stream for the company. Investors holding shares as of September 19, 2025 will be eligible for any dividend declared at the AGM.