Nisus Finance Services Co Ltd has announced the resignation of Bhoomika Rahul Sharma from her roles as Company Secretary and Compliance Officer. The cessation is effective from the close of working hours on September 24, 2026.

Sharma cited personal reasons for her departure, stating she intends to pursue future professional endeavours. In her resignation letter, she confirmed there are no other material reasons for leaving the position. She offered to cooperate with an orderly transition of responsibilities, records, and statutory registers to authorized personnel.

Regulatory disclosures and board process

The company filed this intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was submitted to BSE Limited. The Board of Directors will note and consider the resignation at its forthcoming meeting.

Nisus Finance Services Co Ltd stated it is currently in the process of identifying a successor for the Company Secretary and Compliance Officer role. The new appointee will be designated as Key Managerial Personnel in the ensuing Board meeting. The company committed to intimating the outcome of the Board meeting along with requisite details in accordance with SEBI LODR regulations.

Key details of the resignation

The resignation letter, dated September 24, 2026, was addressed to the Board of Directors. Sharma requested relief from her responsibilities as of the aforesaid date and asked the company to complete necessary statutory formalities for her cessation from office.

Nisus Finance Services Co Ltd reported the complete utilisation of ₹101.62 crore in fresh-issue proceeds from its Initial Public Offering as of March 31, 2026. The disclosure was made during the company's 13th Annual General Meeting held on September 24, 2026, where shareholders adopted the audited financial statements for FY26.

The Chairman presented a detailed breakdown of how the capital was deployed across various strategic objectives. While the total amount matched the prospectus allocation, the distribution across specific objects showed variances that were adjusted within permissible limits. The company clarified that the ₹12.61 crore offer-for-sale component accrued to selling shareholders and remained outside the company's control.

IPO Proceeds Utilisation Breakdown

The Monitoring Agency Report confirmed that all funds were deployed by the end of FY26. The table below outlines the object-wise utilisation against the amounts specified in the prospectus:

Reconciliation of Deployment Mix

A supplementary reconciliation revealed shifts in deployment between geographic locations within the first two broad objects. For instance, actual spending on fund raising in DIFC and GIFT City exceeded the indicative split by ₹13.77 crore, while spending in India fell short by ₹13.28 crore. Similarly, infrastructure setup costs in Mauritius were lower than projected, while GIFT City and DIFC saw higher outlays.

What the Numbers Show

The data indicates a strategic reallocation of capital towards international markets rather than domestic operations for fund-raising activities. Specifically, the ₹13.77 crore surplus spent on DIFC and GIFT City fund-raising was offset by a ₹13.28 crore underspend in India. This suggests the company prioritised global distribution channels over domestic ones during the deployment phase, despite the initial prospectus indicating a more balanced geographic split. Additionally, issue expenses exceeded estimates by ₹0.51 crore, which was absorbed by reducing the general corporate purposes allocation.

Corporate Governance Updates

During the meeting, shareholders approved several key resolutions:

• Re-appointment of Amit Anil Goenka as Chairman and Managing Director.
• Appointment of YMS & Co LLP as Statutory Auditors for FY27 to FY31.
• Approval of material related party transactions involving subsidiaries and associates.
• Authorization to make investments and provide securities in excess of limits under Section 186 of the Companies Act, 2013.

The Statutory Auditors' Report for FY26 contained no qualifications or adverse remarks. However, the Secretarial Audit Report noted certain observations regarding compliance, which the Board stated are being addressed through corrective measures.