TruCap Finance Limited has informed the Exchange regarding resignation of Mr. Vishal Miglani as Interim Chief Financial Officer of the company w.e.f. close of business hours of May 24, 2026.
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On the reaction day the stock moved 2.4 pts less than Nifty Microcap 250 and 1.6 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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Mr. Vishal Miglani has resigned as Interim Chief Financial Officer and Key Managerial Personnel of TruCap Finance Limited, effective from the close of business hours on May 24, 2026. According to his resignation letter, the reason for stepping down is to devote greater focus towards the business collaboration function of the Company. He will continue to be associated with the Company as Senior Vice President – Business Loans, Cross Sell, Collaborations & Strategy and remain part of the senior management personnel. The company has not announced a replacement for the CFO position yet.
The resignation creates a vacancy in the CFO role which will need to be filled. Since the departing executive is staying on in a senior capacity, the operational impact may be limited. However, investors may monitor for the appointment of a new CFO.