IFCI Limited has announced a key leadership appointment with the addition of Shri Manikumar Sivaramakrishnan as Deputy Managing Director to its Board of Directors. The appointment reflects the company's continued focus on strengthening its executive leadership team with experienced banking professionals.

Appointment Details

The appointment was made pursuant to Government of India, Ministry of Finance, Department of Financial Services directive dated February 16, 2026. Sivaramakrishnan assumed charge of his new role on April 06, 2026 (forenoon) and will serve for a period of three years or until further orders, whichever is earlier.

Professional Background

Sivaramakrishnan brings extensive experience spanning over three decades in the banking and financial services sector. His career began with Indian Overseas Bank in the early 1990s before joining NABARD in 1992, where he rose to the level of Chief General Manager across various geographies and roles.

Key Qualifications and Expertise

The newly appointed Deputy Managing Director holds impressive professional credentials:

• Fellow Member of the Institute of Cost Accountants of India (FCMA)
• MBA (Finance)
• MS (Banking)
• Advanced PG Diploma in Computer Applications
• Certified Associate of the Indian Institute of Banking and Finance

Areas of Specialization

Sivaramakrishnan's expertise spans multiple critical areas of financial services:

• Strategic planning and financial management
• Rural innovations and microfinance
• Financial inclusion initiatives
• Rural infrastructure financing
• Integrated risk management
• HR transformation and banking technologies
• Structuring of new financial products

Previous Leadership Roles

During his tenure at NABARD, Sivaramakrishnan served in several key positions including Chief Operating Officer (COO) at NABVENTURES Ltd., NABARD's venture capital subsidiary. He also contributed as a Faculty Member at the Bankers Institute of Rural Development (BIRD), Lucknow, and was heading the Strategic Planning and Product Innovations Department at NABARD's Head Office in Mumbai at the time of his departure.

Regulatory Compliance

The company has confirmed that Sivaramakrishnan is not debarred from holding the office of Director by virtue of any SEBI order or any other authority, ensuring full compliance with regulatory requirements. The appointment notification was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, demonstrating adherence to corporate governance standards.

IFCI Limited has submitted its quarterly compliance certificate under SEBI regulations for the quarter ended March 31, 2026. The filing demonstrates the company's adherence to mandatory regulatory requirements for dematerialization procedures and securities handling.

Regulatory Compliance Filing

The certificate was filed pursuant to Regulation 74(5) of the SEBI (Depositories & Participants) Regulations, 2018. Company Secretary Priyanka Sharma digitally signed and submitted the documentation to both major stock exchanges on April 2, 2026.

Registrar Confirmation

MCS Share Transfer Agent Limited issued the confirmation certificate on April 1, 2026, certifying compliance with dematerialization requirements. The registrar confirmed that for the quarter ended March 31, 2026, all securities received for dematerialization were processed according to regulatory standards.

The certificate confirms two critical compliance aspects:

• Securities comprised in the certificates have been properly listed on stock exchanges
• Original certificates were duly verified, mutilated, and cancelled with depository names substituted in records as registered owners

Documentation and Distribution

The compliance certificate was distributed to multiple regulatory bodies and depositories to ensure comprehensive reporting. Recipients included both National Securities Depository Limited and Central Depository Services (India) Limited, maintaining transparency across the depository ecosystem.

This quarterly filing represents IFCI Limited's ongoing commitment to regulatory compliance and proper securities handling procedures as mandated by SEBI regulations.