Appointment of Chief Financial Officer
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Jhaveri Credits & Capital Ltd held a Board Meeting on May 30, 2026, approving multiple items. The Board appointed Mr. Anup Kirtikumar Vyas (a Chartered Accountant with 10 years of experience) as Chief Financial Officer and Key Managerial Personnel effective May 30, 2026. The company also approved its audited standalone and consolidated financial results for FY2026, reporting total income of Rs. 11,880.25 Lakhs (up from Rs. 9,544.91 Lakhs) but profit after tax declined to Rs. 195.30 Lakhs from Rs. 331.35 Lakhs in the previous year. Additionally, the Board amended a loan agreement with Praveg Limited (a Promoter Group entity) to include an option for the lender to convert outstanding loan amounts into equity shares. The original loan of Rs. 27 Crore has Rs. 22.42 Crore outstanding as of March 31, 2026. M/s V N Shah & Co. was appointed as Internal Auditors for FY 2026-27 to 2030-31.
The appointment of a qualified CFO strengthens financial management. However, the declining profit and the related party loan amendment with conversion rights to a promoter entity may raise governance concerns for minority shareholders.