Five-Star Business Finance Limited has informed the Exchange regarding Appointment of Mr. S Jayaraman as Chief Risk Officer of the company w.e.f. Jun 01, 2025.
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Five-Star Business Finance's board, at its meeting on April 29, 2025, approved three key items. First, it recommended appointing M/s Sandeep & Associates, a peer-reviewed firm from Chennai, as Secretarial Auditors for five consecutive years starting FY 2025-26, subject to shareholder approval at the upcoming 41st AGM. Second, it extended the tenure of Mr. Jayaraman S as Chief Risk Officer by one year effective June 1, 2025; he is a Chartered Accountant with 22 years of experience and has been the company's CRO since May 2021. Third, it appointed Mr. Vinay Kumar C as Head-Internal Audit for three years; he is a CA with 13 years of experience across Kotak Mahindra Bank, Ford Motors, and Northern Arc Capital.
These are routine governance and leadership continuity announcements. The CRO's reappointment signals stability in risk oversight, while a new Internal Audit head brings fresh expertise from established financial institutions. Minimal short-term stock impact expected.