Outcome of Board Meeting and intimation regarding Change in Senior Management of the Company
UGROCAP · price
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Ugro Capital's board approved multiple senior management changes effective 16th July 2025. Mr. Anuj Pandey, previously Chief Risk Officer, was designated as a Key Managerial Personnel (KMP) in his new role as CEO (appointed 1st July 2025). Ms. Shilpa Bhatter, a Chartered Accountant with 18+ years in BFSI and former CFO of Dvara KGFS (where she raised over ₹4,000 crores in debt), was appointed as the new CFO. Mr. Kishore Lodha resigned as CFO to pursue an alternate career opportunity. Ms. Irem Sayeed was elevated to Chief Risk Officer (from Chief Credit Officer), and Mr. Sameer Nanda to Chief Revenue Officer (from Chief Collection & Litigation Officer), replacing Mr. Amit Mande who will exit by 8th August 2025.
The CFO change is the most material event for investors, as Lodha's departure introduces short-term leadership transition risk. However, the appointment of an experienced BFSI CFO with a strong capital-raising track record, combined with internal elevations in the CRO and risk functions, signals a planned and orderly succession that should support continuity in operations and lender relationships.