Outcome of Board Meeting held on 26.08.2025 of Fynx Capital Limited
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Fynx Capital Ltd (formerly Rajath Finance Limited) held a board meeting on 26 August 2025 where several key decisions were taken. The board approved the appointment of Mr. Shanker Raman Siddhanathan as an Additional Director and Managing Director for five consecutive years effective 23 August 2025, subject to shareholder approval at the upcoming 40th AGM. Remuneration for the new MD and non-executive director Mr. Ashok Kumar Mittal was also approved. Multiple Related Party Transactions were cleared with independent directors, the company secretary, CFO, and Lord Krishna Financial Services Limited. The board also approved an increase in the company's borrowing limit, adopted the Board's Report for FY ended 31 March 2025, and fixed the date and venue for the 40th AGM.
Shareholders should note the leadership change with a new Managing Director taking charge and the increase in borrowing limit, which may affect the company's debt levels. The numerous Related Party Transactions will require shareholder approval at the forthcoming AGM, so retail investors should watch for the AGM notice and voting details.