Outcome of Board Meeting of the company held today i.e. 27th March 2026
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The Board of Magnanimous Trade & Finance Limited approved two key appointments at its meeting held on 27th March 2026. Ms. Shweta (DIN: 10283634) has been appointed as an Additional Non-Executive Independent Director for a period of five consecutive years, subject to shareholder approval. Mr. Satyendra Keshav Giri has been appointed as the Chief Financial Officer (CFO) of the company with immediate effect. The new CFO is a Commerce graduate from the University of Mumbai with over 16 years of experience in accounts, finance, and taxation, particularly in the BFSI, FinTech, insurance, and broking sectors. The newly appointed Independent Director holds no relationship with existing directors and is not debarred by SEBI. The board meeting commenced at 4:00 PM and concluded at 4:30 PM.
The appointments strengthen the company's leadership and board composition, bringing in a BFSI-experienced CFO and an additional independent director, which may support improved governance and financial oversight for shareholders.