Change in Directorate: 1. Appointment of Two Non-Executive, Non-Independent Director 2. Appointment of one non-executive independent director
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Unifinz Capital India Ltd has appointed three new directors on its board effective October 14, 2025. Mr. Manish Aggarwal (Chartered Accountant, 15+ years in taxation and finance) and Mrs. Ritu Sharma (commerce graduate, 9+ years in treasury and finance) have been appointed as Non-Executive Non-Independent Directors, following prior RBI approval received on August 27, 2025. Notably, Mrs. Ritu Sharma served as the company's Chief Financial Officer (CFO) from November 2021 until October 13, 2025, and is now transitioning from the CFO role to the board. Additionally, Mr. Shubh Charn Bansal (Chartered Accountant, 22+ years in financial management, currently Deputy GM at JIO Platforms) has been appointed as Non-Executive Independent Director for a five-year term (till October 13, 2030). All three appointments are subject to shareholder approval. None of the appointees are related to existing directors or debarred by SEBI.
The changes strengthen the board with experienced finance professionals, but the transition of the outgoing CFO onto the board is a notable leadership change. For shareholders, this reflects internal succession planning rather than a major disruption, though the new independent director brings strong external governance experience. Short-term stock impact is likely limited.