Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
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The Board of Polo Queen Industrial and Fintech Ltd met on July 4, 2025 and approved key changes. Mr. Prabhas Jiwanram Sanghai, currently Executive Director and a promoter, has been additionally appointed as Chief Financial Officer (CFO) with effect from July 4, 2025. Ms. Gunjan Sanghavi, an Associate Member of ICSI with prior listed-company experience, has been appointed as Company Secretary and Compliance Officer on the same date, and also authorized for Reg 30(5) materiality determinations. The Board also gave in-principle approval for a ₹2.5 crore additional investment in its wholly-owned NBFC subsidiary, Polo Queen Capital Limited, to be made in two or more tranches to meet RBI's minimum Net Owned Fund requirement. The meeting ran from 3:45 PM to 5:00 PM.
The ₹2.5 crore infusion strengthens the capital base of the NBFC subsidiary to meet RBI compliance thresholds, supporting continued operations. Dual leadership roles and a new compliance officer bring governance focus, though the CFO addition (a promoter assuming an extra role) is a notable concentration of authority shareholders should monitor.