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 ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Niyogin Fintech's Board meeting on May 14, 2026 approved two key items: (1) Appointment of Mr. Abhishek Thakkar (currently President & CFO) as Whole-Time Director for 3 years, subject to RBI and shareholder approval; (2) Audited FY2026 standalone results showing total income of Rs 11,792.69 lakhs (up from Rs 7,837.74 lakhs) with profit after tax of Rs 511.22 lakhs vs loss of Rs 978.17 lakhs in prior year. Net worth stood at Rs 36,052.43 lakhs with capital adequacy at 23.86%. Gross NPA was reported at 18.68%. The company also issued NCDs of Rs 4,500 lakhs (Rs 2,000 lakhs in July 2025 and Rs 2,500 lakhs in March 2026), with no deviation in fund utilization and 1.20x security cover maintained.
The appointment elevates an experienced internal leader (12+ years in finance, ex-Avendus, Deloitte) to board level, indicating management continuity. The company returned to profitability in FY26 after two consecutive loss years, a positive signal for stakeholders.