Five-Star Business Finance Limited has informed the Exchange regarding extension of tenure of Mr. Jayaraman S as Chief Risk Officer of the company w.e.f. Jun 01, 2026.
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Five-Star Business Finance Limited has announced a 3-year extension for Mr. Jayaraman S as Chief Risk Officer, effective June 1, 2026. The extension was approved by the Board based on the Nomination and Remuneration Committee's recommendation. Mr. Jayaraman is a Chartered Accountant with approximately 28 years of experience and has been with the company for 5.5 years, serving as CRO since May 2021. This is a routine retention decision and does not involve any resignation or change in leadership.
This announcement indicates stability in the company's senior risk management function. Retention of an experienced CRO for an extended period is generally positive for operational continuity and risk oversight, though it is not a significant price-sensitive development.