Enclosed herewith the Outcome of Approval for Appointment of Directors on the Board of Credent Global Finance Limited
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Credent Global Finance Limited (formerly Oracle Credit Limited) announced two new board appointments at its meeting on July 21, 2025, following RBI approval received in May 2025. Mr. Vikas Kataria has been appointed as Additional Executive Director, bringing experience in metal casting, foundry operations, manufacturing compliance, and quality control. Mr. Navneet Kumar, a Qualified Company Secretary with an LLB degree and over three years of corporate advisory experience, has been appointed as Additional Non-Executive Independent Director for a 5-year term ending July 20, 2030. Both appointments are effective immediately and are subject to shareholder approval. The company confirmed that neither appointee is related to promoters or promoter group members, and neither is debarred by SEBI.
These are routine board strengthening moves for this small NBFC, adding operational and legal/compliance expertise. No immediate material impact on shareholders or stock price is expected as both appointments are additional directorships pending shareholder ratification.