Home First Finance Company India Limited has informed the Exchange regarding Resignation of Mr. Narendra Ostawal as Non- Executive Nominee Director of the company w.e.f. July 15, 2025.
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Mr. Narendra Ostawal (DIN: 06530414) has resigned as a Non-Executive Nominee Director of Home First Finance Company India Limited with effect from July 15, 2025. He cited 'other priorities' as the reason and confirmed there are no other material reasons for his departure. Mr. Ostawal had served on the board for approximately five years and was a nominee of Warburg Pincus LLC, a major private equity investor in the company. The resignation was communicated via email and disclosed under SEBI Listing Regulations. The board will need to fill this vacancy going forward.
Since Mr. Ostawal was a nominee director representing PE investor Warburg Pincus rather than an executive in day-to-day operations, the immediate impact on business or stock price is likely limited. However, investors should watch for news on his replacement, as it may signal changes in the PE investor's level of board engagement or future stake movements.