Update on Appointment of Secretarial Auditor

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Price reactionminutes from the announcement price · days from the prior close

+3.2%Reaction day

₹1.58

prior close

₹1.60

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.3%+1.9% vs market

Non Banking Financial Company (NBFC) peers, median of 200sector+0.0%+3.2% vs sector

On the reaction day the stock moved 1.9 pts more than Nifty Microcap 250 and 3.2 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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.9

10m

-1.9

15m

-1.9

30m

-1.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+3.2+1.3+1.9+0.0+3.2

Next day

+3.2+2.1+1.0+0.3+2.9

+0.6+3.1-2.5+0.7-0.0

-0.6+2.5-3.1+0.5-1.1

-1.3+2.5-3.7+0.4-1.7

+0.0+2.9-2.9+0.6-0.6

+2.5+3.5-1.0+1.3+1.3

15d

+0.0+4.7-4.7+1.3-1.3

-18.4+0.9-19.3-0.7-17.7

-30.4+4.5-34.9+2.5-32.8

-41.8+0.3-42.1-0.8-41.0

UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 200Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

The board appointed M/s. HRU & Associates (led by Mr. Himanshu Rohit Upadhyay) as the company's Secretarial Auditors for a 5-year term covering FY 2025-26 to 2029-30. Mr. Hozef Abdulhussain Darukhanawala, the existing promoter and Managing Director, has been re-appointed as MD for a 3-year term from October 1, 2025 to September 30, 2028. Mr. Darukhanawala is 67 years old, a commerce graduate, and brings around 35 years of banking experience, having managed the company since inception. Both decisions are subject to shareholder approval at the upcoming 31st Annual General Meeting.

Likely market impact

These are routine governance actions with no material change — the existing promoter-MD continues in his role and a new secretarial auditor is onboarded for a standard long-term tenure. Shareholders should see continuity in leadership and no expected change in business direction.