Shareholders Approve Two Director Appointments at 38th AGM, Subject to RBI Nod

At the 38th AGM held on September 28, 2026, members approved two director appointments.

Wed 30 Sep 2026

Director 1 Appointment

Mr. Anil Kumar Verma as Whole-Time Director (Executive Director) for 5 years, subject to RBI approval

Director 2 Appointment

Ms. Ruchi Sabharwal as Non-Executive Non-Independent Director for 1 year, subject to RBI approval and DIN allotment

AGM Date

September 28, 2026

Director 1 Experience

Mr. Verma: more than 23 years in commercial banking, SME lending, portfolio risk management and fintech-driven B2B lending

Director 2 Experience

Ms. Sabharwal: 22+ years in Human Resources with leadership roles in financial services, IT consulting and IT services

What was approved

At the 38th Annual General Meeting held on Monday, September 28, 2026, members of the company approved two director appointments.

• Mr. Anil Kumar Verma as Whole-Time Director (Executive Director), for a term of 5 Years, subject to approval of the Reserve Bank of India.
• Ms. Ruchi Sabharwal as Non-Executive Non-Independent Director, for a term of 1 year, subject to allotment of Director Identification Number and RBI approval.

Backgrounds as stated

• Mr. Verma: more than 23 years of experience in commercial banking, SME lending, portfolio risk management and fintech-driven B2B lending, with work across India and Tanzania.
• Ms. Sabharwal: 22+ years of experience in Human Resources, with leadership roles in large Indian and multinational corporations, across financial services, IT consulting and IT services.

Effective date

The company clarified the appointments are not effective as of the AGM date. They become effective only upon receipt of the requisite RBI approval and completion of applicable statutory and regulatory requirements. The effective date will be the date on which RBI approval is received, and the company said it will make the necessary disclosures and updates once the appointments become effective.

Other details

• No relationships between directors were reported for either appointee.
• Neither is debarred from holding the office of director by any SEBI or other authority order.
• No directorship in other listed entities was reported for either appointee.

How to read it

This is a governance and board-composition update. The RBI approval condition indicates the company's activity falls under RBI oversight, so the timing of the appointments depends on the regulator.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.