resignation of director is attached here with
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Sera Investments & Finance India Ltd's board, which met on May 8, 2025, approved the audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025, with the auditor issuing an unmodified opinion. Mr. Amar Bahadur Rajpurohit, who has 17 years of experience in financial services and currently heads the mortgage/home loan business at Capri Global Capital Ltd, was appointed as Interim CEO and Additional Director. Independent Director Mr. Bharat Balachandran resigned on the same day, and Pankaj Sharma (25 years in mortgage/MSME lending) was appointed as a Non-Executive Independent Director for a 5-year term. The board also allotted 4,93,000 equity shares at Rs.13.50 each (including Rs.11.50 premium) to Uni-Tech Engineering Pvt Ltd upon conversion of warrants, giving it a 0.75% stake, appointed M K Samdani & Co as secretarial auditor for FY25, revised the remuneration of Whole-Time Director Sagar Samir Shah, and reconstituted the Audit and Stakeholder Relationship committees.
The unmodified audit opinion is a positive signal on financial credibility, while the leadership churn (new interim CEO, one ID exit, one ID entry) indicates active board reshuffling. The small 0.75% share allotment to a non-promoter entity is a minor dilution event and unlikely to materially affect existing shareholders.