Northern Arc Capital Limited has informed the Exchange regarding Appointment of Mr Chetan Tivary as Other of the company w.e.f. May 10, 2025.
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Northern Arc Capital's board has appointed Mr. Sandeep Dhar (DIN: 00182797) as an Additional Director (Non-Executive, Independent) for a period of 5 years starting May 07, 2025, subject to shareholder approval. Mr. Dhar has over 3.5 decades of experience in BFSI and IT services across India and overseas, with qualifications from Delhi University, IMT Ghaziabad, and Wharton. The board also accepted the resignation of Mr. Kalyanasundaram C as Chief Internal Auditor due to pre-occupation and other professional commitments, effective end of business hours on May 09, 2025. Mr. Chetan Tivary, a Chartered Accountant with 25+ years of experience in audit and risk management (previously SVP at Ujjivan SFB, with prior stints at Mashreq Bank, HSBC, DCB, and ABN AMRO), has been appointed as the new Chief Internal Auditor for 5 years starting May 10, 2025.
These are routine governance changes unlikely to materially impact the stock. The appointment of an experienced independent director strengthens board oversight, while the internal auditor transition appears to be a planned exit rather than a governance red flag.