F MEC International Financial Services Limited has issued a clarification to BSE Limited regarding the recent significant movement in its share price. The company responded to BSE's inquiry dated March 24, 2026, explaining that the price volatility is market-driven rather than due to any undisclosed material information.

Regulatory Compliance Confirmation

The company emphasized its commitment to regulatory compliance in its response to the stock exchange. F MEC International confirmed that all material information that may impact the company's operations and performance has been regularly disclosed to the stock exchange in accordance with applicable regulations.

Market-Driven Price Movement

F MEC International attributed the share price movement to general market conditions and investor perception rather than any company-specific developments. The company stated that the movement is purely market-driven, indicating no undisclosed material events or information that could have influenced the stock's performance.

Company Communication Details

The clarification was signed by Ronika Dhall, Company Secretary and Compliance Officer, and submitted digitally on March 25, 2026. The response addressed BSE's inquiry reference number L/SURV/ONL/PV/APJ/2025-2026/3459, demonstrating the company's prompt response to regulatory queries.

The company requested BSE to take the clarification on record, maintaining transparency with the stock exchange and investors regarding the recent price movements in its shares.

F Mec International Financial Services Limited has announced significant board changes following recommendations from its Nomination and Remuneration Committee. The Executive Management Committee meeting held on February 19, 2026 approved the reappointment of the Managing Director and a change in designation for an existing director.

Board Appointments and Changes

The company has made two key board decisions effective February 19, 2026. Mr. Apoorve Bansal has been reappointed as Managing Director, while Mr. Kabeer Choudhary's role has been redesignated as Professional Non-Executive Director.

Managing Director Reappointment Details

Mr. Apoorve Bansal's reappointment as Managing Director is subject to approval by the company's members at the next General Meeting or Annual General Meeting, whichever is earlier. The reappointment covers a five-year period from February 19, 2026 to February 18, 2031.

Mr. Bansal brings significant expertise to his role as a qualified Chartered Accountant and Law Graduate from Amity University. He possesses over five years of extensive experience in retail and unsecured lending, with specialized knowledge in managing complexities specific to Non-Banking Financial Institutions (NBFCs). He is the son of promoters Mr. Pankaj Kumar and Mrs. Lalita Bansal, and brother of promoter Ms. Megha Bansal.

Director Designation Change

Mr. Kabeer Choudhary has transitioned to the role of Professional Non-Executive Director. He is a graduate from Hansraj College, Delhi University, and holds an MBA from IIM-Kolkata. His professional background includes experience as a founder in the Financial Service Industry, with skills in deal sourcing, management, and strategic leadership. Mr. Choudhary is not related to any other directors or key managerial personnel of the company.

Regulatory Compliance

Both directors have been confirmed as compliant with regulatory requirements. As mandated by BSE Circular No. LIST/COMP/14/2018-19 and NSE Circular No. NSE/CML/2018/24 dated June 20, 2018, the company has confirmed that neither Mr. Bansal nor Mr. Choudhary have been debarred from holding director positions by SEBI or any other regulatory authority.

Meeting Details

The Executive Management Committee meeting was conducted at the company's registered office on February 19, 2026, from 03:00 PM to 03:45 PM. The decisions were made based on recommendations from the Nomination and Remuneration Committee for the Financial Year 2025-2026. The intimation has been uploaded on the company's website at fmecinternational.com as per regulatory requirements.