Chief Risk Officer resigns, effective from close of business hours of October 14, 2026
Muthoot Capital Services has informed the exchanges that its Chief Risk Officer, Mrs. Umadevi Pazhoor Unnikrishnan, has resigned.
By ScoutQuest · · 1 min read
- Role vacated
- Chief Risk Officer
- Reason for resignation
- personal reasons
- Effective date
- close of business hours of October 14, 2026
What the update says
Muthoot Capital Services Ltd has written to BSE and NSE to inform them that Mrs. Umadevi Pazhoor Unnikrishnan has resigned from the position of Chief Risk Officer of the company.
- The reason given in the disclosure is personal reasons.
- The resignation is effective from the close of business hours of October 14, 2026.
- In her resignation letter, she has said she will extend all necessary cooperation to ensure a smooth transition and handover of her responsibilities prior to her relieving date.
- She has also expressed gratitude to the management and the board of directors for the support, guidance and opportunities extended to her during her tenure with the company.
What a Chief Risk Officer does
A Chief Risk Officer is the senior executive responsible for a company's risk management framework. In a lending business, that covers identifying, measuring and monitoring risks such as credit risk, liquidity risk and operational risk, and reporting on them to the board and its risk committee. The role sits in the company's senior management, which is why a change here is informed to the exchanges.
How to read this announcement
- The stated reason is personal reasons, which is a standard category used in such disclosures.
- The effective date is the close of business hours of October 14, 2026, the date on which the company wrote to the exchanges.
- The letter refers to a handover of responsibilities before the relieving date.
Nothing more is claimed in the update; the numbers that matter for investors, such as the company's financials, are not part of this announcement.
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