Niyogin Fintech Ltd announced that Abhishek Thakkar has resigned from his position as President and Chief Financial Officer (CFO) of the company. The resignation is effective from the close of business hours on September 25, 2026.

Thakkar cited his decision to pursue another professional opportunity as the reason for stepping down. He also ceased to hold the role of Key Managerial Personnel with the same effect.

Regulatory disclosure

The company intimated this development to BSE Limited under Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The details were disclosed in compliance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

A copy of the resignation letter was enclosed as Annexure B to the filing, while the specific disclosures required under the regulations were provided in Annexure A. The information is also available on the company's website.

Key resignation details

The company confirmed that no brief profile or relationship disclosures were applicable as this was a resignation rather than an appointment.

Niyogin Fintech Limited shareholders approved the sale of its stake in material subsidiary Investdirect Capital Services Private Limited during the 38th Annual General Meeting held on September 23, 2026. The special resolution passed with 100% of valid votes cast in favor, marking a definitive step in the NBFC's portfolio rationalization.

The company disclosed the consolidated voting results on September 24, 2026, pursuant to Regulation 44(3) of SEBI Listing Regulations. Out of 9,779 shareholders on the record date, 44 members participated in remote e-voting. No members voted via e-voting during the virtual meeting itself.

Voting breakdown by shareholder category

The promoter and promoter group, holding 43,941,490 shares, voted 100% in favor across all resolutions. Public institutions voted 100% in favor, while public non-institutional shareholders recorded a negligible dissent of 2 votes against certain ordinary resolutions but supported the special resolution unanimously among valid votes.

Note: For the Special Resolution, a significant portion of votes were marked invalid or abstained due to procedural nuances in e-voting categorization, but all valid votes were in favor.

Governance and audit compliance

The meeting was conducted through Video Conference in compliance with SEBI and MCA circulars. Mr. Gaurav Makarand Patankar chaired the session. The statutory auditor's report and secretarial auditor's report for FY26 contained no qualifications or adverse remarks regarding the company's financial transactions or functioning.

The scrutinizer, Magia Halwai & Associates, confirmed that the resolutions were passed with the requisite majority. The results are available on the company's website and at its registered office.

What the numbers show

The voting data reveals a high concentration of promoter influence, with the promoter group casting 85% of the total valid votes polled (43,941,489 out of 51,781,245). While public participation was low (44 voters), the unanimous support from both promoters and public institutions for the divestment suggests strong alignment on the strategic exit from Investdirect Capital. The absence of significant dissent indicates minimal shareholder resistance to this structural change.