Announced Thu, 13 Aug, 2026 · 15:44 IST
CFO change, name change proposal, and entry into distressed loan business
Price
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Price reaction
Awaiting price reaction for this filing.
AI summary
Hi-Klass Trading accepted CFO Deepak Jhunjhunwala's resignation due to personal reasons and appointed Bhawana Jha (14 yrs finance experience) as new CFO effective Aug 13, 2026. Board proposed renaming to Nicoindia Finance and Investment Limited, pending shareholder and RBI approval. Company to enter distressed retail loan portfolio business via agreement with Ringo Fincap. MD remuneration revised to 25,000 per month.
Likely market impact
CFO change is routine. Name change and new business vertical signal a strategic pivot toward financial services, pending shareholder and RBI approvals.