explicit finance has appointed Ms. Vandana Kalokhe as an Additional Director in the Non-Executive Independent category for a term of five years, effective June 16, 2026. The appointment, subject to shareholder approval, aims to strengthen the company's governance structure with expertise in accounting and finance.

The Board of Directors approved the appointment during a meeting held on June 16, 2026, at the registered office. Ms. Kalokhe holds a DIN of 11757001 and is a commerce graduate from the University of Mumbai. Her professional background includes working as an accountant at Oil and Natural Gas Corporation and as an operation executive at Revopedia Hospitality. She currently works as a freelancer accountant and consultant for NBFCs and other entities.

The appointment is pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company disclosed that Ms. Kalokhe is not related to any director or Key Managerial Personnel of the company and is not debarred from holding the office of director by SEBI or any other authority.

Key Details of Appointment

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