Sammaan Capital Limited has informed the Exchange regarding 'Pursuant to the applicable provisions of the SEBI LODR and in compliance with Para 95 of Master Direction Reserve Bank of India (Non-Banking Financial Company Scale Based Regulation) Directions, 2023, dated October 19, 2023, as amended, we wish to inform that the Board of Directors of the Company on June 17, 2025, has approved the re-appointment of Mr. Naveen Uppal, as CRO of the Company, for a further period of three years, w.e.f. June 17, 2025. For details, refer attachment.'.
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Sammaan Capital Limited has re-appointed Mr. Naveen Uppal as the Chief Risk Officer (CRO) of the company for a further period of three years, effective June 17, 2025. Mr. Uppal, aged 52, has over 27 years of experience in operations, audit, and credit risk within the finance industry and has been with the company for over 18 years. He previously worked at ICICI Bank as a Zonal Operations Head and holds qualifications including Cost Accountancy (ICWA) and a Post Graduate Diploma from UCLA Anderson School of Management. He will report directly to the Vice-Chairman, Managing Director & CEO or the Board's Risk Management Committee.
This is a routine re-appointment of an existing senior risk executive, signalling continuity in the company's risk management function. It is unlikely to have any material impact on the stock price, though it reflects stable governance and regulatory compliance under RBI NBFC norms.