Appointment of Mr. Vijay Kaushik, Non-Executive Independent Director as Chairman and Appointment of Mr. Ram Ji Nigam as Non-executive Director of the Company
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Haryana Capfin announced changes to its board following a meeting on 13 February 2026. Mr. Vijay Kaushik, an existing Non-Executive Independent Director, has been designated as the Chairperson of the Board. Separately, Mr. Ram Ji Nigam (DIN: 03100651), a Company Secretary and Law Graduate with over 22 years of corporate governance and compliance experience, has been appointed as an Additional Non-Executive Director, subject to shareholder approval. The company also reported unaudited results for Q3 FY26 (quarter ended 31 Dec 2025), posting a small loss of ₹6.23 lakhs against revenue of ₹4.88 lakhs, while the nine-month figure showed a net profit of ₹439.97 lakhs on revenue of ₹633.30 lakhs. Total Comprehensive Income for the nine months was deeply negative at ₹(4,891.97) lakhs, largely driven by a ₹7,125.43 lakhs dip in the fair value of investments. Reserves stood at ₹33,217.85 lakhs as on 31 March 2025.
Leadership transition is incremental — Kaushik is an existing independent director being elevated to Chair, which strengthens independent oversight. Investors should note the large negative mark-to-market swing in the investment portfolio, which has pushed total comprehensive income into a significant loss despite steady operating profits.