Northern Arc Capital Limited has informed the Exchange regarding Appointment of Mr Sandeep Dhar as Non- Executive Independent Director of the company w.e.f. May 07, 2025.
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Northern Arc Capital has appointed Mr. Sandeep Dhar as an Additional Director (Non-Executive, Independent) for a 5-year term starting May 7, 2025, subject to shareholder approval. Mr. Dhar brings 3.5 decades of BFSI and IT services experience, with qualifications including a PGDBM from IMT Ghaziabad and an Advanced Management Program from Wharton. Separately, the company's Chief Internal Auditor Mr. Kalyanasundaram C has resigned effective end of business on May 9, 2025, citing pre-occupation and other professional commitments. Replacing him is Mr. Chetan Tivary, a Chartered Accountant with 25+ years of audit and risk management experience across banks like Ujjivan SFB, HSBC, Mashreq Bank, and ABN AMRO, who takes over for a 5-year term from May 10, 2025.
This is a routine governance update with no material impact on operations. Strengthening the board with an experienced BFSI veteran and bringing in a seasoned audit professional signals continued focus on governance and risk oversight, which should be viewed positively by shareholders.