Intimation of Resignation of Managing Director of FYNX Capital Limited
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Awaiting price reaction for this filing.
Mr. Gautam Kirtikumar Shah has resigned as Managing Director of Fynx Capital Ltd (formerly Rajath Finance Limited), with effect from May 30, 2025. His resignation letter, dated May 23, 2025, states the reason is a change in his residential status from Resident Indian to Non-Resident Indian (NRI) under FEMA regulations, which required him to step down from the board of a SEBI/RBI-regulated entity for governance and compliance reasons. The company's regulatory filing cites pre-occupation with other professional commitments as the stated reason. He has confirmed there are no other material reasons behind the departure and has offered to support a smooth transition.
The top leadership transition at a small, regulated NBFC-type entity may cause short-term uncertainty for shareholders, though the departure is attributed to personal FEMA status rather than business or governance concerns. Investors should watch for any forthcoming appointment of a new Managing Director and assess continuity of strategy, given that the outgoing MD expressed confidence in the current leadership team.