Available Finance appoints Sahaj Jain as CFO effective July 25
Available Finance Limited has formalized the appointment of Sahaj Jain as Chief Financial Officer, effective July 25, 2026. This follows the resignation of former CFO Rakesh Sahu on personal grounds. The Board approved the appointment on July 24, 2026, citing Jain's nine years of experience in finance and compliance.
*this image is generated using AI for illustrative purposes only.
Available Finance Limited has appointed Sahaj Jain as its Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective from July 25, 2026. The Board of Directors approved the appointment during a meeting held on July 24, 2026, following recommendations from the Audit Committee and the Nomination and Remuneration Committee. This leadership change coincides with the resignation of the previous CFO, Rakesh Sahu, who stepped down on personal grounds effective July 24, 2026.
The appointment of Mr. Jain is made in accordance with Section 203 of the Companies Act, 2013, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company filed an intimation with BSE Limited pursuant to Regulation 30 read with Clause 7 of Para A of Part A of Schedule III of the SEBI LODR Regulations, referencing SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
Appointment Details
Sahaj Jain brings approximately nine years of professional experience in accounting, auditing, and taxation. He holds an MBA in Finance and possesses expertise in financial reporting, tax compliance, and financial management. His Permanent Account Number (PAN) is APZPJ8358J. The company disclosed no relationships between directors in connection with this appointment.
| Particulars | Details |
|---|---|
| Appointee | Sahaj Jain |
| Designation | Chief Financial Officer (KMP) |
| Effective Date | July 25, 2026 |
| Board Approval Date | July 24, 2026 |
| Qualifications | MBA in Finance |
| Experience | ~9 years in Accounting, Auditing, Taxation |
Context of Leadership Changes
This appointment is part of a broader restructuring of the company’s board. Alongside Rakesh Sahu’s exit, the company accepted the resignations of Non-Executive Directors Vikas Gupta and Rajendra Kumar Sohani. Sohani also stepped down from the Audit Committee, Stakeholder Relation Committee, and Nomination & Remuneration Committee. Concurrently, Suyash Choudhary was appointed as a Whole-Time Director for a three-year term, and Pramod Kishore Shrivastava joined as Additional Director and Chairman.
Regulatory Compliance
The filing was signed by Suyash Choudhary, Company Secretary (Membership No. A57731), and submitted to BSE Limited on July 24, 2026. The company stated that all appointments are provisional pending member approval at the general meeting. The intimation was also made available on the company’s website.
Historical Stock Returns for Available Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.42% | -3.14% | -5.69% | -1.93% | -21.13% | +74.49% |
How might the simultaneous resignation of two Non-Executive Directors and the previous CFO impact investor confidence in Available Finance's corporate governance stability?
What specific strategic financial initiatives is the new CFO, Sahaj Jain, expected to prioritize given his background in taxation and auditing?
Will the appointment of Pramod Kishore Shrivastava as Chairman signal a shift in the company's long-term strategic direction or capital allocation policies?
18
Create Custom Screeners 
Access 200+ Pre-built Filters 
Use 50+ Readymade Screener 
