We wish to inform you that meeting held today i.e May 26,2026 to considered and approved the appointment of Managing Director and reappointment of Internal Auditor.
Awaiting price reaction for this filing.
Minolta Finance Ltd's Board of Directors met on May 26, 2026, and approved two key appointments. Mrs. Forum Jigar Gada, a 38-year-old Chartered Accountant with over a decade of experience, was appointed as Managing Director for a term of five years, subject to shareholder approval. She has previously worked as a partner at Varun Golechha & Associates, specializing in concurrent and statutory audits in the banking sector. Additionally, M/S TRS & Co., founded by CA Tanvi Ronish Shah, was reappointed as the company's Internal Auditor effective from May 26, 2026. Both appointments have been made following recommendation of the Nomination and Remuneration Committee.
The appointment of a new Managing Director with strong financial and audit expertise may bring fresh perspective to the company's leadership, particularly relevant for a finance company. The continuity of the internal auditor suggests stable governance practices.