Re-appointment of directors at 30th AGM
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KIFS Financial Services held its 30th Annual General Meeting on August 19, 2025, where shareholders approved the re-appointment of two directors. Mr. Rajesh Parmanand Khandwala (DIN: 00477673), the Managing Director, was re-appointed as a director liable to retire by rotation under Section 152 of the Companies Act, 2013. He has been on the board since July 31, 2010 and has over three decades of experience in capital markets. Mr. Sharvil Bharat Kumar Suthar (DIN: 08785030) was re-appointed as an Independent Non-Executive Director for a second consecutive term of 5 years, from June 29, 2025 to June 28, 2030. Mr. Suthar is 33 years old, a Company Secretary with 9+ years of experience in company law and listed-entity secretarial work. The disclosure was filed under Regulation 30 of the SEBI LODR Regulations.
This is a routine governance event with no change in board composition or leadership — both directors continue in their existing roles. Investors should expect stable continuity in management, with no near-term impact on the stock price.