Please find attach document for revised outcome
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Awaiting price reaction for this filing.
SSPN Finance Limited held a board meeting on July 18, 2025 (a revised filing correcting a date typo from an earlier submission) where three key decisions were approved. First, Mr. Devjeet Chakraborty (DIN: 06950579) was appointed as Additional Director and CEO with effect from July 18, 2025, subject to shareholder approval; he brings 20+ years of experience across financial services, education, and sports and currently holds no shares in the company. Second, Mr. Bhupesh Kumar stepped down from the CEO post (originally appointed March 15, 2021) due to personal career re-alignment, but continues as a Director on the Board. Third, the Board approved a proposal to rename the company from 'SSPN Finance Limited' to 'Finoviaa Limited', pending shareholder, ROC, and stock exchange approvals.
Investors should note a leadership transition at the top, with a new CEO (also proposed as Managing Director) taking charge, which may signal a strategic direction shift. The proposed rebranding to 'Finoviaa Limited' suggests the company is repositioning its identity, though all these changes still need shareholder nod at the next general meeting.