Change is director of the company is attached herewith.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
At its May 8, 2025 board meeting, Sera Investments & Finance India Ltd approved multiple items. Mr. Amar Bahadur Rajpurohit was appointed as Interim CEO and Additional Director, bringing 17 years of financial services experience (currently Business Head – Mortgage/Home Loans at Capri Global Capital Ltd). Independent Director Mr. Bharat Balachandran resigned, and Pankaj Sharma (25 years in MSME/mortgage) was appointed as new Non-Executive Independent Director for 5 years. The board also approved audited standalone and consolidated financial results for Q4/FY25 with an unmodified auditor opinion. Additionally, 4,93,000 equity shares were allotted to non-promoter Uni-Tech Engineering Pvt Ltd on conversion of warrants at Rs.13.50/share (Rs.2 face value + Rs.11.50 premium), giving the allottee a 0.75% post-issue stake. Remuneration of Whole-Time Director Mr. Sagar Samir Shah was also revised, and M K Samdani & Co was appointed as secretarial auditor for FY25.
The incoming CEO has a strong mortgage and SME lending background, suggesting a possible strategic focus on growing the lending book. The warrant conversion causes minor dilution, with Uni-Tech Engineering Pvt Ltd emerging as a 0.75% non-promoter shareholder. Overall, the changes point to a leadership refresh and business realignment, but no major capital event.