Change in Authorised Share Capital of the Company subject to Shareholders approval.
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Comfort Fincap's board, at its December 30, 2025 meeting, approved multiple changes. Mr. Sanjeev Kumar Pandey, a former senior SBI banker with 35+ years of experience in banking, regulation, and insolvency, has been appointed as a Non-Executive Independent Director for a five-year term. Mrs. Nirmala Kanjar, the company's CFO since 2015 and a Chartered Accountant with 13+ years of experience, has been appointed as a Non-Executive Non-Independent Director. Mrs. Apeksha Kadam has resigned as Non-Executive Non-Independent Director citing personal pre-occupations, with no material reasons disclosed. The board also approved increasing the company's authorised share capital from Rs. 25 crore to Rs. 60 crore (a 140% jump), along with a corresponding amendment to the Capital Clause of the Memorandum of Association. All appointments and the capital increase are subject to shareholder approval at the next general meeting.
The board refresh adds deep banking and insolvency expertise, which could strengthen governance and strategic direction for a finance company. The significant hike in authorised share capital signals potential future fundraising or expansion plans, though nothing is confirmed yet — all items await shareholder approval.