Capital India Finance Limited has submitted the Exchange Board meeting outcome held on September 24, 2025.
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Capital India Finance Limited's Board, at its meeting on September 24, 2025, approved the appointment of Mr. Surender Rana (DIN: 10315624) as an Additional Director in the Whole-time Director category, to be designated as Executive Vice Chairman. Mr. Rana is an external candidate with over 34 years of experience at State Bank of India, where he last served as Deputy Managing Director – SME & Agri Business, with expertise in MSME and Agri financing, credit and risk management. His appointment is subject to prior approval from the Reserve Bank of India (RBI), as required under NBFC Scale-Based Regulations, and shareholder approval. The effective date will be the date of RBI approval or another date decided by the Board.
This is a senior leadership addition bringing seasoned banking expertise, particularly in SME and Agri lending which aligns with the company's NBFC focus. The appointment is pending RBI and shareholder approvals, so it is not yet effective and the stock may see limited immediate reaction until approvals are secured.