CSL Finance Limited has informed the Exchange about Appointment of M/s. Jasvinder Kaur & Co., Company Secretaries as Secretarial Auditor of the company for a term of 5 consecutive years
CSLFINANCE · price
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CSL Finance's board, at its August 12, 2025 meeting, approved unaudited financial results for Q1 FY26 (quarter ended June 30, 2025) along with a clean limited review report from S.P. Chopra & Co. Two key board changes were cleared for shareholder approval: re-appointment of Ms. Rachita Gupta (daughter of Managing Director Rohit Gupta) as Whole Time Director for another 5-year term (Dec 30, 2025 to Dec 29, 2030), and elevation of Mr. Ashok Kumar Kathuria from non-executive to executive director. The board also appointed M/s. Jasvinder Kaur & Co. as Secretarial Auditor for 5 years and S.R. Dinodia & Co. LLP as Statutory Auditor for 3 years, replacing S.P. Chopra & Co. whose term ended as required by RBI guidelines for NBFCs. Additionally, the board approved an increase in authorized share capital and a new ESOP scheme (CSL ESOP 2025) with a pool of 22.78 lakh stock options, vesting linked to 5-year AUM and portfolio quality targets in the SME retail lending segment.
Multiple governance items go to shareholders for AGM approval: the re-appointment of the MD's daughter as WTD reinforces promoter family control, while the new ESOP and authorized capital increase signal potential future dilution. The auditor rotation is regulatory-driven and routine for NBFCs, with no red flags indicated.