Enclosed herewith is the intimation of resignation of Chief Executive Officer of the Company.
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Credent Global Finance Ltd has informed the stock exchanges that Mr. Samir Agarwal has resigned as the Chief Executive Officer (NBFC-Retail Loans) with effect from close of business hours on 29th September 2025. As a Key Managerial Personnel (KMP) under the Companies Act, 2013, his departure is disclosed under SEBI Listing Regulations. In his resignation letter, Mr. Agarwal stated that the company had to discontinue its Business Loan operations due to adverse business conditions, and none of the alternative retail loan product plans explored were viable enough to pursue. He was leading the retail business focused on ticket sizes below Rs. 7 lakhs for SME/MSME borrowers in the Mumbai Metropolitan Region. The company currently has no immediate plans to resume retail lending.
This signals a strategic retreat from the retail/SME lending vertical, which could raise concerns about the company's growth trajectory and future revenue streams from this segment. Shareholders may watch for clarity on the company's revised business plan and any leadership replacement announcement in the coming weeks.