Intimation for completion of tenure of Whole Time Director

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Price reactionminutes from the announcement price · days from the prior close

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prior close

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Nifty Microcap 250market · in no size index; the smallest one is used-0.3%-3.0% vs market

Non Banking Financial Company (NBFC) peers, median of 194sector+0.0%-3.3% vs sector

On the reaction day the stock moved 3.0 pts less than Nifty Microcap 250 and 3.3 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 194Pending

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AI summary

Smart Finsec Ltd has informed the stock exchanges that Mr. Rajinder Kumar Arora, the Whole-Time Director, has completed his current tenure and consequently ceased to be a Director of the company with effect from October 8, 2025. The disclosure has been made under SEBI Listing Regulations, with details annexed as required by the SEBI Master Circular dated November 11, 2024. The reason cited is 'cessation due to completion of current tenure' — a routine, planned end of term and not a resignation or removal. No replacement appointment has been announced in this filing.

Likely market impact

This is a routine, scheduled end of tenure for a Whole-Time Director and is unlikely to materially affect the stock price or operations unless it creates a temporary leadership vacuum. Shareholders should watch for any subsequent announcement regarding reappointment or a new WTD appointment.