Appointment of Mr. Vikrant Ponkshe as an Additonal Director designated as Non Executive Independent Dircector and Appointment of Mr. Saideep Rajendrakumar Agarwal as an Additional Director ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Money Masters Leasing & Finance Limited announced two board appointments effective 27th May 2026: Mr. Vikrant Ponkshe as Non-Executive Independent Director (5-year term, subject to shareholder approval) and Mr. Saideep Rajendrakumar Agarwal as Non-Executive Non-Independent Director (subject to shareholder approval). The company also reported audited financial results for FY2026 with total revenue of Rs. 751.40 lakhs, up from Rs. 714.21 lakhs in FY2025. However, profit before tax declined significantly to Rs. 27.67 lakhs from Rs. 69.19 lakhs in the previous year. Statutory auditors PSV Jain & Associates issued an unmodified audit opinion on the financial statements. Both new directors confirmed they are not related to any existing directors, KMPs, or promoters and are not debarred from capital markets.
The appointment of two additional directors strengthens the board but the sharp decline in profitability (down 60% YoY) may concern investors despite revenue growth. The new Independent Director with BFSI experience could bring valuable expertise to the NBFC.