F Mec International Financial Services Ltd , now operating as Dhvija Finance Limited, announced the resignation of Chief Financial Officer Mahima Jain on October 19, 2026. The departure is effective immediately, citing personal and unavoidable circumstances as the primary reason for her exit from the Key Managerial Personnel role.

The company filed an intimation with BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The resignation letter was received by the company on the same date, October 19, 2026. Apoorve Bansal, Managing Director of Dhvija Finance Limited, signed the disclosure confirming the cessation of Jain's tenure.

Resignation details

Mahima Jain served as the CFO of the company until her resignation. In her letter to the Board of Directors, she requested to be relieved from all roles, responsibilities, and obligations associated with the position. She offered reasonable assistance to facilitate a smooth transition of her duties. The company stated that no other material reasons for the resignation were disclosed beyond personal circumstances.

Regulatory compliance

The disclosure was made pursuant to Para A of Part A of Schedule III of the Listing Regulations. The company enclosed Annexure A with details required under SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The filing notes that the brief profile and relationships between directors are not applicable in this context. The company remains listed on BSE Limited.

Dhvija Finance Limited (formerly F Mec International Financial Services Limited) saw a release of encumbrance on 15,39,999 shares held by promoter Pankaj Kumar. The event occurred on September 24, 2026, involving the NBFC Grow Money Capital Private Limited.

The disclosure was filed under Regulation 31(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing clarifies that the original pledge was created solely for personal borrowing purposes. Consequently, this release does not involve any transfer of ownership or control of the shares.

Encumbrance Details

The following table outlines the specific details of the share release as disclosed in the regulatory filing:

Promoter Holding Structure

Pankaj Kumar holds 35,84,394 shares, representing 7.33% of the total share capital. Prior to this release, his holding was reported as unencumbered in the current disclosure context, though the release action itself reduces any prior encumbered status associated with these specific shares.

Other members of the promoter group include Manoj Kumar Jain (5.54%), Niraj Jain (4.32%), Mahima Jain (4.01%), and M K Jain HUF (3.37%). None of these entities reported changes in their encumbrance status in this specific filing.

What the Numbers Show

The released shares constitute approximately 43% of Pankaj Kumar’s total promoter holding of 35,84,394 shares. While the absolute number is significant relative to his personal stake, it represents only 3.14% of the company's total share capital. The disclosure explicitly states the end use of the borrowed funds was for personal use by the promoters, distinguishing this from corporate debt financing or operational liquidity needs.