The Board of Directors at their meeting held on May 14, 2026, inter alia, approved the appointment of Mr. Abhishek Thakkar (DIN: 09793587) as a Whole Time Director (designated as Executive ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Niyogin Fintech Limited's Board meeting on May 14, 2026 approved two key items: (1) Mr. Abhishek Thakkar, currently President & CFO, has been appointed as a Whole-Time Director (Executive Director) for 3 years, effective upon RBI and shareholder approval. He brings 12+ years of experience from Avendus Capital, Aegis Logistics, and Deloitte. (2) The company reported strong FY2026 results with total income of Rs 11,793 Lakhs (up 50% YoY from Rs 7,838 Lakhs) and profit after tax of Rs 511 Lakhs, turning around from a loss of Rs 978 Lakhs in FY2025. The standalone loan book grew to Rs 30,747 Lakhs from Rs 22,180 Lakhs. Gross NPA stands at 18.68% with provision coverage of 82.88%.
The appointment of the existing CFO as Executive Director signals continuity in leadership and smooth transition planning. The company's return to profitability and strong loan growth demonstrates operational improvement, though elevated NPA levels remain a watch item.