Board appoints Company Secretary and Chief Compliance Officer, authorises KMPs for materiality disclosures

Board meeting outcome, October 5, 2026.

Mon 5 Oct 2026

Appointee - Company Secretary & Compliance Officer

Mr. Hitesh Kumar, effective October 5, 2026

Appointee - Chief Compliance Officer

Mr. Simarjeet Singh, effective October 5, 2026

Experience - Company Secretary & Compliance Officer

about 12 years

Experience - Chief Compliance Officer

over 11 years

Officers authorised to decide materiality and disclose

Mr. Keshav Porwal (MD), Mr. Pinank Jayant Shah (CEO), Mr. Hitesh Kumar

What the board approved

The board of the company met on Monday, October 5, 2026, from 6:30 P.M. to 07:00 P.M. through video conferencing, and approved two appointments and one authorisation.

• Mr. Hitesh Kumar has been appointed as Company Secretary & Compliance Officer of the company and designated a Key Managerial Personnel (KMP), with effect from October 5, 2026. He is a qualified Company Secretary, a law graduate and holds an M.Com. degree, with about 12 years of experience across listed companies, NBFCs and large infrastructure organisations. His stated areas of expertise include corporate governance and restructuring, SEBI compliance, RBI/NBFC compliance and debt capital market transactions.

• Mr. Simarjeet Singh has been appointed as Chief Compliance Officer (CCO) of the company for the purposes of compliance with applicable Reserve Bank of India regulations, including those governing NBFCs, and designated Senior Management Personnel (SMP), with effect from October 5, 2026. He is a Company Secretary, a law graduate and holds a postgraduate degree in Business Policy & Corporate Governance, with over 11 years of experience in regulatory compliance, corporate governance and financial-sector regulations. His stated areas of expertise include RBI Master Directions and inspections, NBFC compliance, SEBI Regulations, FEMA and Board governance.

Both appointments were made pursuant to the recommendation of the Nomination & Remuneration Committee.

Who decides what is material

The board also authorised the following Key Managerial Personnel to determine the materiality of an event or information and to disclose it to the stock exchanges within the prescribed timelines:

• Mr. Keshav Porwal, Managing Director
• Mr. Pinank Jayant Shah, Chief Executive Officer

In addition, Mr. Hitesh Kumar, Company Secretary & Compliance Officer, is authorised by the board to disclose material events or information, upon identification, to the stock exchanges within the prescribed timelines.

How to read this

The Company Secretary & Compliance Officer is the officer who handles board secretarial work and the company's regulatory updates with the stock exchanges. A separate Chief Compliance Officer focused on RBI regulations is a role relevant to an NBFC, where the central bank prescribes its own compliance framework. Together with the MD and CEO, these are the people the board has put in charge of a routine but important function: judging whether a development is material for investors and, if so, reporting it to the exchanges in time.

The update records both appointments as appointments, not re-appointments, and states that the disclosure of relationships between directors is not applicable for these appointments. These are governance and compliance developments rather than any change in the company's business or finances.

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