Minolta Finance Ltd has appointed Mrs. Forum Jigar Gada as the Managing Director of the company for a term of five years, effective May 26, 2026. The appointment, subject to the approval of the shareholders, was approved by the Board of Directors during its meeting held on Tuesday. Additionally, the board approved the reappointment of M/S TRS & CO as the Internal Auditor of the company, also effective from May 26, 2026.

The decision to appoint Mrs. Gada was based on the recommendation of the Nomination and Remuneration Committee. A qualified Chartered Accountant, Mrs. Gada brings over a decade of experience in concurrent and statutory audits, particularly within the banking sector. Her professional background includes significant work in the broking industry and internal audits aligned with SEBI regulations.

Mrs. Gada was previously a partner at Varun Golechha & Associates, where she contributed to the firm's audit and financial advisory services. The company confirmed that she is not debarred from holding the office of Director by virtue of any SEBI order or any other authority.

The reappointment of M/S TRS & CO ensures continuity in the company's internal audit functions. The firm is led by CA Tanvi Ronish Shah, a qualified Chartered Accountant with over a decade of experience in Audit & Assurance, Taxation Advisory, and Management Consultancy. The firm has handled statutory and internal audits for various reputed organizations, including CEAT Ltd and Trent Ltd.

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