Intimation pursuant to Reg 30 SEBI(LODR) 2015
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The board of Supra Pacific Financial Services has approved two changes. First, Mr. Joby George, who is already the Managing Director, has been additionally designated as Chairman of the Company with effect from November 14, 2025. Second, Mr. R Balakrishnan resigned from his position as Non-Executive Director with effect from September 9, 2025, citing personal reasons. Mr. Joby George has over 20 years of experience in financial marketing and has previously helped develop NBFCs in South India. He is not related to any other director on the board and has not been debarred by SEBI from holding a director position.
Combining the Chairman and Managing Director roles under one person (Mr. Joby George) concentrates board leadership power, which some investors may view as a governance concern. The exit of a Non-Executive Director may also slightly reduce board diversity. For shareholders, the immediate financial impact appears minimal as no operational or financial changes were disclosed.