Appointment of Mr. Sanjeev Kumar Pandey as an Non Executive Independent Director , Mrs. Nirmala Kanjar as Non Executive Non Independent Director and Resignation of Mrs. Apeksha Kadam as ....
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Comfort Fincap's board, at its December 30, 2025 meeting, appointed Mr. Sanjeev Kumar Pandey (ex-SBI senior banker with 35+ years of experience in banking, regulation, and treasury) as Non-Executive Independent Director for a five-year term. Mrs. Nirmala Kanjar, who has been the company's CFO since 2015 and is a Chartered Accountant with 13+ years of experience, was appointed as Non-Executive Non-Independent Director. Mrs. Apeksha Kadam resigned from her position as Non-Executive Non-Independent Director, citing pre-occupation and personal commitments, with no material reasons disclosed. The board also approved increasing the company's authorized share capital from Rs. 25 crore to Rs. 60 crore (a 140% jump), subject to shareholder approval at the next general meeting.
Adding a seasoned ex-banker as independent director should strengthen board oversight and bring credibility, while the long-serving CFO joining the board signals internal continuity. The sharp increase in authorized share capital hints at a possible future fundraising round, which could mean potential equity dilution for existing shareholders down the line.