CSL Finance Limited has informed the Exchange regarding Change in Director(s) of the company.
CSLFINANCE · price
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CSL Finance's board, which met on August 12, 2025, approved the unaudited financial results for Q1 FY26 (quarter ended June 30, 2025) with a clean limited review report from S.P. Chopra & Co. Ms. Rachita Gupta, daughter of Managing Director Mr. Rohit Gupta, was re-appointed as Whole Time Director for another 5-year term starting December 30, 2025. Mr. Ashok Kumar Kathuria, a director since 2005, was elevated from non-executive to executive director effective the same day. The board also approved a new ESOP plan called CSL ESOP 2025 with a pool of about 22.78 lakh stock options, tied to 5-year performance targets focused on growing AUM in SME retail lending. Additionally, S.P. Chopra & Co.'s term as statutory auditor ended per RBI's mandatory rotation rules for NBFCs, and S.R. Dinodia & Co. LLP was appointed as the new statutory auditor for 3 years. An increase in authorized share capital was also approved, all subject to shareholder approval at the upcoming AGM.
The changes are largely housekeeping — director re-appointments, a routine auditor rotation under RBI rules, and a new performance-linked ESOP. Shareholders should note that a promoter family member (Rachita Gupta) is being retained in a key executive role, and the ESOP will dilute equity only if 5-year performance targets are met. The share capital increase and ESOP pool together signal potential future dilution, though no grants have been made yet.