Appointment of Mr. Anshu Agarwal as Chief Financial Officer and designated as CEO cum CFO

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On the reaction day the stock moved 0.4 pts more than Nifty Microcap 250 and 1.2 pts more than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Kalyan Capitals Ltd's Board has approved the appointment of Mr. Anshu Agarwal as the Chief Financial Officer (CFO) of the company with immediate effect from November 14, 2025. He has been designated as CEO cum CFO under the Key Managerial Personnel category, meaning he already serves as the CEO and has now additionally taken on the CFO role. Mr. Agarwal is a finance and management professional with over 25 years of experience, including a long stint as CFO of Race Eco Chain Limited from 2001 to 2023. The appointment was recommended by the Nomination & Remuneration Committee and the Audit Committee, and is made under Section 203 of the Companies Act, 2013.

Likely market impact

This is an internal consolidation of the CEO and CFO roles under one person, which is common in smaller companies but may raise governance concerns among investors who prefer a separation of these key positions. The change is unlikely to have a material impact on the stock price in the near term.