explicit finance has scheduled a board meeting for June 16, 2026, to appoint an Independent Director. The meeting will be held at the registered office of the company to discuss and resolve upon the appointment.

The agenda for the meeting includes the appointment of an Independent Director and any other item with the permission of the chair. The meeting is being convened pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation 2015.

Explicit Finance Limited is registered with the CIN No. L6599 OMH 1994 PLC 076788 and its registered office is located at 305, Sohan Commercial Plaza, Opp. Shivsena Officee, Vasai (E), Dist Palghar - 401210.

Explicit Finance Limited has disclosed the details of its related party transactions for the six months ended March 31, 2026. The filing, submitted to BSE Ltd., outlines specific financial dealings between the company and its key management personnel and associated entities as required under Regulation 23(9) of the SEBI (Listing Obligation & Disclosure Requirements) Regulations, 2015.

The disclosure identifies several key management personnel, including Mr. Rajesh Nanda, Managing Director, and Mr. Narendrasinh Zala, CFO and Executive Director. The list also includes Mr. Gopal Dave, Non Executive Non Independent Director and Chairman, who signed the disclosure.

Financial data reveals that explicit finance provided a loan to Voltrix Inc, a firm where Mr. Narendrasinh Zala is a partner. The transaction amount for the six months ended March 31, 2026, was ₹25.00 lakh, with an outstanding balance of ₹25.93 lakh as of the same date.

Additionally, the company reported receiving a loan from Mr. Gopal Dave during the same period. The transaction amount was ₹3.00 lakh, while the balance outstanding as of March 31, 2026, was ₹0.00.

Related Party Transactions Summary