Capital India Finance appointed Hitesh Kumar as Company Secretary and Simarjeet Singh as Chief Compliance Officer, effective October 5, 2026. The appointments were approved by the Board of Directors during a meeting held via video conferencing.

Key Managerial Personnel Appointments

The Board approved the appointment of Hitesh Kumar as the Company Secretary and Compliance Officer. He is designated as a Key Managerial Personnel (KMP) of the company. This appointment follows the recommendation of the Nomination and Remuneration Committee.

Simarjeet Singh was appointed as the Chief Compliance Officer (CCO). His role focuses on compliance with Reserve Bank of India regulations governing Non-Banking Financial Companies (NBFCs) and other regulatory requirements. Singh is designated as Senior Management Personnel (SMP).

Professional Backgrounds

Both appointees are members of the Institute of Company Secretaries of India (ICSI). Their profiles highlight extensive experience in corporate governance and regulatory compliance within the financial sector.

Hitesh Kumar brings experience from listed companies, NBFCs, and large infrastructure organizations. His expertise covers SEBI compliances, RBI/NBFC regulations, debt capital market transactions, and corporate restructuring.

Simarjeet Singh specializes in RBI Master Directions, NBFC compliance, SEBI Regulations, FEMA, and regulatory risk management. He holds a postgraduate degree in Business Policy and Corporate Governance.

Disclosure Authority Updates

The Board also authorized specific Key Managerial Personnel to determine the materiality of events and disclose information to stock exchanges. Keshav Porwal, Managing Director, and Pinank Jayant Shah, Chief Executive Officer, are authorized for this purpose. Additionally, Hitesh Kumar, in his capacity as Company Secretary, is authorized to disclose material events upon identification.

Capital India Finance has raised ₹100 crore through the private placement of secured non-convertible debentures (NCDs). The allotment, approved on September 29, 2026, comprises 1,00,000 units with a face value of ₹10,000 each, carrying a fixed coupon of 10% per annum.

Issuance structure and terms

The fundraise is structured as a listed, rated, senior, and secured debt instrument. The total issue size of ₹100 crore consisted of a base issue of ₹50 crore and a green shoe option of up to ₹50 crore, which was fully subscribed. The key parameters of the issuance are summarised below.

The NCDs will be listed on the BSE. Interest payments are scheduled to be made quarterly, while the principal amount is payable on the redemption date.

Security cover and regulatory compliance

The debt securities are backed by a pari passu charge by way of hypothecation in favour of the Debenture Trustee. This charge covers all standard loan receivables, both present and future. The company is mandated to maintain a minimum security cover of at least 1.10x at all times during the tenure of the debentures.

The allotment follows approvals from the Securities Issuance Committee, acting on authority delegated by the Board of Directors. The issuance complies with Regulation 30 and Regulation 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with relevant SEBI circulars regarding debt securities.

Strategic purpose and business performance

The company stated that the fundraise strengthens its funding base and provides additional resources to support the planned growth of its lending business. It also advances the strategy of diversifying sources of borrowing as it scales its secured MSME and retail lending franchise.

Pinank Shah, CEO of Capital India Finance, noted that the issuance builds capacity for the next phase of growth, supported by an expanding distribution network and disciplined underwriting. The company has expanded its distribution network to 46 branches across nine states, compared with 29 branches at the end of FY25.

In FY26, assets under management increased 22% year-on-year to ₹1,227.37 crore, while disbursements rose 62% to ₹753.54 crore. Total income for FY26 stood at ₹229.67 crore. Growth momentum continued in Q1FY27, with standalone total income increasing 32% year-on-year to ₹69.53 crore. Disbursements grew 36% and assets under management increased 20% year-on-year. The capital adequacy ratio stood at 43.58% as of June 30, 2026.