Intimation for the change in management pursuant to the appointment of Dr.Habeebrahiman as additional Non executive Independent director of the company for five years and consequent changes ....
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SI Capital & Financial Services Ltd has appointed Dr. Habeebrahiman (DIN: 09413355) as an Additional Non-Executive Independent Director for a 5-year term effective August 8, 2025, subject to shareholder approval at the upcoming AGM. Dr. Habeebrahiman is a senior banker with over two decades of banking experience at Bank of Baroda and more than four decades of leadership in management education. He replaces Mr. George Abraham across four board committees — Audit, Nomination & Remuneration, Stakeholder Relationship, and Risk Management — and now chairs the Nomination & Remuneration and Stakeholder Relationship committees. The board meeting lasted just 15 minutes (11:05 a.m. to 11:20 a.m.), and Dr. Habeebrahiman is not related to any existing director and is not debarred by SEBI from holding a directorship.
This is a routine board-level appointment with no change in the CEO/MD position or ownership structure. Shareholders will vote on confirming his appointment at the next AGM. The swap of an existing independent director across all four key committees signals a governance reshuffle but is unlikely to materially affect the stock price.