TruCap Finance Limited has informed the Exchange about change in senior management of the Company.
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Mr. Gaurav Bhargava, who served as Business Head–Gold Loans and was designated as a senior management personnel of TruCap Finance Limited, has resigned from the company effective close of business hours on May 16, 2025. The resignation letter was originally submitted on February 17, 2025, with a notice period running until May 16, 2025, indicating a planned exit with a transition window of roughly three months. The company has disclosed the required details under SEBI's Listing Regulations and has attached the resignation letter as Annexure B. No reason for the resignation has been provided beyond the standard 'resignation' classification, and no replacement has been announced in this filing.
The exit of a senior manager heading the gold loans vertical may raise short-term concerns about continuity in a key business segment, though the three-month notice period suggests an orderly handover. Investors should watch for any subsequent announcement regarding a replacement to assess impact on the gold loan business.