IndoStar Capital Finance Limited has informed the Exchange about update in contact details of KMP authorised under the Regulation 30(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
INDOSTAR · price
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IndoStar Capital Finance has informed the stock exchanges that Mr. Karthikeyan Srinivasan has resigned as Whole-Time Director and Chief Executive Officer with immediate effect from May 11, 2025. The Board has approved the re-designation and appointment of Mr. Randhir Singh, who was already serving as Whole-Time Director designated as Executive Vice Chairman, as Managing Director designated as Executive Vice Chairman, also effective May 11, 2025. The Managing Director has been authorised as Key Managerial Personnel (KMP) for the purpose of determining materiality of events and making stock exchange disclosures under Regulation 30(5). Updated contact details of the KMPs — Mr. Randhir Singh, CFO Mr. Jayesh Jain, and Company Secretary Ms. Shikha Jain — have been shared and uploaded on the company's website.
A sudden CEO departure is a negative signal for shareholders and may create short-term uncertainty around leadership continuity at the NBFC. However, the appointment of an existing insider (Mr. Randhir Singh) to the top role provides some continuity, though the market may still react cautiously until reasons for the exit become clearer.