The Board approves the appointment of Ms. Gunjan Sanghavi as Company Secretary and Compliance Officer of the Company in its meeting held today.
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Polo Queen Industrial and Fintech Ltd's board, at its meeting on July 4, 2025, approved three key items. First, Mr. Prabhas Jiwanram Sanghai, the current Executive Director and a promoter of the company, has additionally been appointed as Chief Financial Officer (CFO) effective the same day. He has over 39 years of experience in the textile and chemical industries. Second, Ms. Gunjan Sanghavi, an ICSI Associate Member with prior listed-company secretarial experience, has been appointed as Company Secretary and Compliance Officer. Third, the board gave in-principle approval for an additional ₹2.5 crore investment into 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.
For shareholders, the promoter taking on the CFO role alongside his existing Executive Director position concentrates significant management authority in a single family member, which is a governance point to watch. The ₹2.5 crore capital infusion into the NBFC subsidiary is a routine compliance-driven move to maintain RBI licensing thresholds, not a new growth bet.